OYO raises Rs 1,457 crore in latest funding round, allocations for growth and global expansion

Oravel Stays, the parent company of OYO, has successfully raised Rs 1,457 crore from a consortium of investors in its latest funding round, PTI reported, citing sources.

The funding round, part of OYO’s Series G, saw the company secure nearly Rs 1,040 crore in new capital. This follows an earlier raise of Rs 416.85 crore in the same series, completing the round. The additional equity issuance was approved by 99.99% of shareholders during an extraordinary general meeting (EGM) held on August 8.