OYO has raised USD 250 million (INR 1600 crore) in a Series D financing round led by SoftBank through SoftBank Vision Fund with participation from existing investors Sequoia India, Lightspeed Venture Partners and Greenoaks Capital. Hero Enterprise has also joined the round as a new investor.
Didi, China's ride-hailing leader, and mobile giant SoftBank will invest up to USD 2.0 billion while USD 500 million is expected to come from other new and existing investors. Grab said it amounts to the largest single financing in Southeast Asia.
