Oyo to raise up to $125 million at $2.5 billion valuation

Hospitality major Oyo is reportedly raising $100-$125 million in fresh funding at a market valuation of $2.5 billion. According to a TechCrunch report on Monday, citing sources, the global budget-hotel chain is finalising a fresh fundraising of about $100 million to $125 million that slashes its valuation to $2.5 billion.