Tag: OYO Rooms. Softbank

Softbank, the Japanese conglomerate owned by Masayoshi Son, recently agreed to sell its stakes in Flipkart for $4 bn following an investment of $2.5 Bn in mid-2017 for its 20% stakes in the e-commerce company. However, the company is very well focused and determined to bet on other companies that will remain profitable and growing. Therefore urging Indian hospitality service, OYO to get new investors on board, following which the Japanese giant will participate in a funding round reported to be worth $500-700 Mn. A report from MoneyControl claimed that “many Chinese investors are interested in hospitality as a sector.” The report also stated that the valuation of OYO will be subject to appreciation from the new investors. However, a new funding round is most likely to mark the entry ...