Oyo Rooms looks to raise up to $500 million from SoftBank
Tuesday, February 28, 2017, 10:21 AM
Oyo Rooms is in talks with SoftBank, to raise about USD 300-500 million, which could be the biggest financing in startups since November 2015. A successful fund raise may value Oyo Rooms at USD 1.2 billion and propel it into the unicorn club, where Flipkart and Paytm are present. If the deal fructifies, SoftBank's shareholding would top 50% in Oyo Rooms.