OYO to invest Rs 1,400 crore in Indian markets to boost infrastructure

Oyo also announced the launch of a new brand - Collection O hotels - to its existing portfolio of budget- to mid-segment hotel chain brands

Oyo Hotels and Homes on Tuesday said that it would invest Rs 1,400 crore in India in 2019 as part of its efforts to increase infrastructure, strengthen technology and internal capability.

The company, which has expanded from running a hotel chain to co-living spaces in the past one year, is planning to get into a whole lot of new areas, including co-working and cloud kitchen space. It will expand its operations to 15 cities in Nepal by 2019, the company said.

Oyo also announced the launch of a new brand — Collection O hotels — to its existing portfolio of budget- to