OYO confirms investment from AirBnB, sees strategic ties with OYO Homes segment

OYO confirms investment from AirBnB, sees strategic ties with OYO Homes segment

  • 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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