Suppose you want to know about the many fund raisings and acquisitions by Oravel Stays LTD (OYO) that made the accommodation platform to be worth over 10 billion dollars in 2019. Within less than 12 years starting in 2012 as a site to list accommodations and booking rooms, OYO grew into a new age technology platform revolutionizing the hospitality industry in India and worldwide. Under OYO’s control, there are over 1 million rooms and over 43,000 properties in 80 countries, generating a steady revenue stream and, of late, also increasing its net profit. All of it is because of the trust of companies like Microsoft, Airbnb, etc and top bankers like Softbank, JP Morgan and many others in OYO’s potential to grow to new heights. Most of the raised by OYO was valuable in acquiring many hospitality companies in India and worldwide to expand business exponentially.
So, check out the long list of funding received by OYO in its short journey to fame and value to grow exponentially. The Oyo share price is nothing but a gold mine at low rates to explode anytime to shower huge returns.
List of funds raised by Oraval Stays Ltd (OYO)
With financial support in the form of huge funds from top companies and banks, an accommodation platform could operate in 800 cities in 80 countries. The following is the list of the funds raised by Oravel Stays Ltd (OYO) to be worth over 10 billion in 2019.
- In 2018, raised over 1 billion dollars from many top companies and banks, including an RoC filing to raise an amount of 100 million dollars from Star Virtue Investment Ltd
- In 2019, it raised 100 million dollars from Chuxing, which is a Chinese Vehicle-for-hire company.
- Also, in 2019, it raised 2 billion dollars through RA Hospitality Holdings in the Cayman Islands to buy back shares from existing investors like Sequoia India, Lightspeed Venture Partners, etc.
- Again, in 2019, raised 1.5 billion dollars in Series F funding from SoftBank Group, Sequoia India and Lightspeed Venture.
- In 2021, Microsoft signed a multi-year strategic deal showing interest in investing in OYO.
- In 2024, another fresh round of fundraisings raised 100 to 200 million dollars by issuing an appropriate quantity of shares to InCred Wealth, J&A Partners, Ask Financial Holdings, Mankind Pharma Promoters, Patient Capital Investments Pte Ltd, etc.
- JP Morgan extended a credit line of Rs. 200 crore credit for boosting its accelerator program that empowers over 85 small & first generation hoteliers and 700 existing hotels across India to expand their business and increase long-term profitability.
The above facts and fundraisings by Oravel Stays Ltd show the trust of top companies and banks in its vast potential to grow into a high-value company within a few years for its unlisted share to trade around Rs. 120 in 2022 but now available at around Rs. 50 to be a hidden treasure to investors.
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