October 01 - 15:10
22D
SoftBank-backed Oyo files for $1.2bn IPO
Indian hotel chain Oyo has filed for an initial public offering, where it plans to raise about $1.16bn, according to draft papers submitted to the country’s market regulator. The Indian-based startup is backed by SoftBank Vision Fund, Lightspeed Venture Partners and Sequoia Capital India. It offers a platform that helps hoteliers accept digital bookings, price rooms and manage payments.
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