Oyo may raise $500M from SoftBank, enter billion-dollar club
In one of the biggest deals in country's consumer internet space, hotels marketplace Oyo Rooms is reportedly in talks to raise $300-500 million (₹2,000 to ₹3,335 crore) from Japan's SoftBank. If the deal goes through, Oyo will join India's billion-dollar startup club with a valuation of $1.2 billion (₹8,000 crore). Oyo is currently valued at $460 million (₹3,070 crore). 