Oyo raises $250 million in funding led by SoftBank

Gurugram-headquartered online hotel aggregator Oyo has raised $250 million (₹1,600 crore) in a fresh funding round led by SoftBank Vision Fund. Existing investors like Sequoia Capital and Greenoaks Capital, with external investor HeroEnterprise also participated in the round. The transaction is expected to value the 2013-founded startup at $850 million-$900 million.