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OYO cashes in another cheque from Swedish billionaire Martin HP Söderström for its vacation homes business in Europe
OYO cashes in another cheque from Swedish billionaire Martin HP Söderström for its vacation homes business in Europe
Sanchita DashJan 14, 2021, 17:00 IST
File image of an OYO HotelOYO
OYO has raised an undisclosed amount of funding from Martin HP Söderström, the chairman of DIG Investments.
The Ritesh Agarwal-led OYO raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a Series F round of funding.
With this investment, Söderström will also join the board of OYO Europe. Indian hospitality unicorn OYO has raised an undisclosed amount of funding from Martin HP Söderström, the chairman of DIG Investments. Söderström’s wife Charlotte is also the heir of the fashion brand H&M.
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Oyo raises Rs 54 crore is series F1 funding round from Hindustan Media Ventures The fresh fundraising by the hospitality start-up came at a time when it is slowly recovering from the impact of coronavirus pandemic. TechSamvad January 08, 2021 18:10:12 IST Oyo logo
Indian hospitality chain of leased and franchised hotels, homes and living spaces Oyo has raised Rs 54 crore from Hindustan Media Ventures as part of Series F1 round, according to a regulatory filing by the company. Hindustan Media Ventures Limited subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares (Series F1 CCCPS) of the face value of Rs 100 each for cash at an issue price of Rs 43.2 lakh per Series F1 CCCPS aggregating Rs 54 crore through private placement, according to the filing to
[Funding Alert] OYO Secures Rs 54 Cr In Series F1 Funding Jan, 08 2021
[Funding Alert] OYO Secures Rs 54 Cr In Series F1 Funding
OYO Hotels & Homes is operating over 18,000 franchised and leased hotels in more than 500 cities across 10 countries.
OYO bags a $7.4 million cheque as pandemic forces Ritesh Agarwal to reimagine the business
Sanchita DashJan 8, 2021, 16:19 IST
OYO
Ritesh Agarwal-led OYO has raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a series F round of funding.
During the COVID-19 pandemic, Agarwal had said that the company continues to have $1 billion in the bank to continue operations.
However, the valuation of the startup has also reportedly crashed from $10 billion to $8 billion. Ritesh Agarwal-led OYO has raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a series F round of funding, said reports citing regulatory filings. The hospitality unicorn, which has been severely hit by the coronavirus pandemic, is back in the funding circle.