Oyo raises $1.5 billion at $10 billion valuation; to focus on US market

A significant part of the Series-F funding will be diverted in boosting US footprint, and in strengthening position in the vacation rentals business in Europe

Oyo Hotels & Homes is raising $1.5 billion from founder Ritesh Agarwal (pictured) and investors led by SoftBank, valuing it at $10 billion, reaching a big milestone in its 6-year history.

Of the $1.5 billion, Agarwal’s RA Hospitality Holdings will spend approximately $700 million and the rest will be supplemented by existing investors.

A significant part of the Series-F funding will be diverted in boosting the US footprint, and in strengthening the position in the vacation rentals business in Europe. 

“On a year-on-year basis, we have seen that not only are we operating profitably at the building level but at