Home > > OYO raises $807 million from SoftBank and RA Holdings

OYO raises $807 million from SoftBank and RA Holdings

03/18/2020| 11:47:26 AM| 中文

This round will value OYO at $7.7 billion.

Online hospitality firm Oyo has raised $807 million as part of its $1.5 billion fundraise from SoftBank and RA Hospitality which was announced in October.

Oravel Stays, which owns and operates Oyo and its subsidiaries has issued 15,325 compulsorily convertible cumulative preference shares (CCCPS) to SVF India Holdings and RA Hospitality Holdings to raise $806.7 million according to the latest regulatory filings.

SVF Holdings has picked up 9,626 Series F CCCPS for $506.75 million while RA Hospitality Holdings acquired 5,699 shares by investing $300 million. These Series F CCCPS were issued at $52,643.22 per share to both investors.

Following this allotment of shares, SVF India will hold 50.6% stake in Oyo and RA Holdings will have 25.87%. According to Entrackr’s back-of-the-envelope calculation, this round values Oyo at $7.7 billion.

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TAGS: OYO | SoftBank | funding
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