Indian hospitality booking platform OYO raised €158 Mio, to support its global expansion
Indian hospitality booking platform OYO raised €158 Mio, to support its global expansion.
OYO Workspaces, the group’s coworking subsidiary, operates more than 50 coworking spaces across India, via its brands Innov8 Coworking by OYO and WorkFlo by OYO. The total coworking capacity of the groupe goes as high as 15.000 desks.
OYO’s valuation reaches now €2.2 Bio.
The company is nowadays one of the fastest growing unicorn in Asia, in the hospitality industry. Aside its Indian home market, OYO has extended its portofolio of bookable accommodation to Europe, with capacity in the UK, The Netherlands (via its brand Belvilla), Spain, Portugal or The Nordics (via DanCenter A/S, bought in 2022).
It’s untold whether the raised funds will also be used to grow the coworking capacity, directly or indirectly, in Europe.
