Japan's SoftBank to invest $100M in budget platform Oyo Rooms

Branded budget hotel network Oyo Rooms, which raised $25 million from Lightspeed Ventures, Sequoia Capital, Greenoaks Capital and DSG Consumer Partners in March, could be receiving $100-million in funding from Japanese telecom and internet giant SoftBank.

Softbank, an existing investor in e-tailer Snapdeal, taxi-hailing service Ola and realty portal Housing.com, is looking to pick up a 25-30-percent stake in the startup founded by Ritesh Agarwal.

Softabank is investing in programs that allow useres to perform on-demand bookings without waiting for a reply from a host, and they can check in and out instantaneously instead of waiting at a reservation desk.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


OYO Room rates are inclusive of taxes and are equipped with air-conditioning, TV, free unlimited Wi-Fi, washrooms and complimentary breakfast.