Oyo raises ₹54 crore from Hindustan Media Ventures
PTI
New Delhi |
Updated on
January 06, 2021
× Hospitality firm Oyo has raised ₹54 crore from Hindustan Media Ventures as part of Series F1 round, according to a regulatory filing by the company.
Hindustan Media Ventures Ltd subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares (Series F1 CCCPS) of the face value of ₹100 each for cash at an issue price of ₹43.2 lakh per Series F1 CCCPS aggregating ₹54 crore through private placement, according to the filing to Registrar of Companies.
When contacted, the company declined to comment.
The fresh fundraising by the hospitality start-up came at a time when it is slowly recovering from the impact of coronavirus pandemic.