OYO, the online hotel aggregator has raised $250 million (Over Rs 1,600 crore) in a fresh round of funding led by its existing investors and Hero Enterprise.

The company aims to use the funds for expanding its presence in India and Southeast Asia.

Ritesh Agarwal, OYO Founder and CEO has said that “We have raised $250 million in a fresh round of funding led by existing investors SoftBank through SoftBank vision Fund, Sequoia India, Lightspeed Ventures Partners and Greenoaks Capital. Hero Enterprise has also joined as a new investor.”

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