Hospitality giant OYO crosses the $9 billion valuation mark
OYO raised Rs 54 Crore Series 1 funding from Hindustan Media Ventures Ltd
Growth in valuation comes after it dropped to $8 Bn last year from the $10 Bn in November 2019
OYO to utilise the capital in strengthening tech capabilities for customer experience
The company has so far raised $3.2 Bn in 17 funding rounds from 23 investors
SoftBank Vision Fund, Sequoia Capital, Lightspeed Ventures, Airbnb, and Hero Enterprise are key investors
OYO has a strong presence in the US, UK, China, Japan and Indonesia, too
