Oyo Claims a First Among Indian Startups in $660 Million Funding Round
Photo Credit: Pictured is an Oyo-affiliated property in Gurgaon, India. The company arranged $660 million in financing. Oyo
Skift Take
Institutional investors seem to have confidence that Oyo will be able to survive the pandemic and live to fight on.
Oyo, the Indian startup operating a discount hotel network in its core markets of India, Europe and Southeast Asia, raised $660 million from global institutional investors to pay off debt and invest in product technology.
Walloped by the pandemic, which shut down travel in India, Oyo claimed the fundraising as "a mil
