OYO's parent Oravel Stays raises ₹1,457 crore in latest Series G round
The IPO-bound unicorn has earlier raised nearly ₹1,040 crore in the Series G funding round. This follows an earlier raise of ₹416.85 crore in the same series and concludes the round.
This additional fundraise values the company at the same valuation of $2.4 billion, as the first Series G tranche issued to InCred in July.
The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at ₹29, consistent with the valuation of the recent raise in Series G.
The capital will be used to support OYO’s growth and its global expansion plans.
