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UPDATE 1-SoftBank-backed Oyo to raise $1.5 bln led by founder, existing investors
UPDATE 1-SoftBank-backed Oyo to raise $1.5 bln led by founder, existing investors . Indian hospitality startup Oyo, backed by Japanese conglomerate SoftBank Group Corp, announced on Monday a $1.5 billion deal with its existing investors that will tighten the founder's control and provide fresh capital to the money-losing firm.
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By JamesUPDATE 1-SoftBank-backed Oyo to raise $1.5 bln led by founder, existing investors . Indian hospitality startup Oyo, backed by Japanese conglomerate SoftBank Group Corp, announced on Monday a $1.5 billion deal with its existing investors that will tighten the founder's control and provide fresh capital to the money-losing firm.