Company Name : Oyo Rooms
Funding Amount : $100 million
Investor(s) Softbank, Sequoia Capital, Lightspeed Venture, Greenoaks Capital
Funding Round : Series D
At a time when only early stage deals are being backed and deal sizes have dropped, Oyo Rooms has closed its fifth round of funding and raised $100 million led by existing investor Softbank.
An international sovereign fund, Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery also participated in the round.
The deal has been closed and the raised funding will be used for expansion.
Oyo Rooms, the largest aggregator of hotel rooms in India was founded in 2013 and now has 65,000 rooms in 5,500 hotels across 177 cities.
The startup recently acquired Zo rooms which was also backed by Softbank.
It had earlier raised $100 million in series C led by Softbank.