OYO Rooms raises $100 mn led by SoftBank
Online hotel aggregator OYO Rooms has raised $100 million in its fifth round of funding led by existing investor Softbank. Other investors include Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery. Founded in 2013 by Ritesh Agarwal, it has raised a total of $225.65 million in funding. Further, the startup recently acquired rival Zo Rooms.