OYO confirms investment from AirBnB, sees strategic ties with OYO Homes segment
1 April 2019 6:09 AM GMT
Putting speculation to rest, OYO has confirmed that San-Francisco based AirBnB has invested in OYO
- Putting week-long speculations to rest, Airbnb today confirmed that it invested in OYO in the startup's Series E round.
- The Gurugram-based hospitality startup raised $1 billion in Series E round across different tranches, closing it in December 2018.
- While both OYO and AirBnB have refused to comment on the terms of the deal, they added it was a strategic investment in the company.
- proposition."AirBnB's investment in OYO works more closely with OYO Homes segment, which was launched last year.
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