SoftBank - backed OYO Hotels & Homes is looking to raise $ 5000 as part of a series F funding round , with CEO Ritesh Aggarwal ’s RA Hospitality Ventures investing around $ 700 m . The company , which includes coworking services among its services , said the investment would be used to drive US growth and strengthen its home rental business in Europe . It comes amid allegations from some hotel partners that OYO sometimes takes far more than its advertised 20 % franchise fee . budget hotels, corporate stays etc. OYO entered the co - workspace market earlier this year .
SoftBank - backed OYO Hotels & Homes is looking to raise $ 5000 as part of a series F funding round , with CEO Ritesh Aggarwal ’s RA Hospitality Ventures investing around $ 700 m . The company , which includes coworking services among its services , said the investment would be used to drive US growth and strengthen its home rental business in Europe . It comes amid allegations from some hotel partners that OYO sometimes takes far more than its advertised 20 % franchise fee . OYO entered the co - workspace market earlier this year .