Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 14 2019

China's Didi Chuxing invests $100 million in OYO

The funding is part of the $1 billion investment round.

China's Didi Chuxing invests $100 million in OYO

Star Virtue Investment, an entity controlled by the Chinese cab-hailing giant Didi Chuxing, has invested $100 million in hospitality chain Oyo Hotels & Homes. 

The funding is part of the $1 billion investment round, where $900 million has already been invested by Japanese conglomerate SoftBank, Singapore ride-hailing company Grab and others.

The OYO spokesperson said, “$900 million was closed back in the quarter ended December 2018 and we have also received the balance $100 million as disclosed in the RoC filings. We do not have any further comments.” 

OYO is currently present in 500 cities across eight countries, including India, China, Malaysia, Nepal, UK, UAE, Indonesia and the Philippines. At present, it operates over 13,000 franchised or leased hotels and more than 6,000 homes as part of its chain. In India, the Gurugram-based hospitality firm is present in more than 180 cities with over 8,700 properties.

OYO does business on a franchisee model, under which it provides customers rooms from exclusive properties that have either been leased by Oyo or are run on a revenue-share basis.

The hospitality chain is running multiple properties across categories like the economy, mid-scale, and upper mid-scale properties. Recently, the company entered into luxury resort range under the brand name Palette. Apart from hotels, it has also forayed into the rental space. 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Language Schools
    About Us: The British Institute of Engineering Technology (I) Pvt Ltd (BIET), London..
    Locations looking for expansion West bengal
    Establishment year 1950
    Franchising Launch Date 1992
    Investment size Rs. 2lac - 5lac
    Space required 500
    Franchise Outlets 50-100
    Franchise Type Unit
    Headquater Amherst street West bengal
  • Quick Service Restaurants
    About Us: Virgo Hospitality Established in year 2016 with an outlet at..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • After School Activities
    About Us: We launched exemplary centre in 2016 in a small..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Quick Service Restaurants
     About The London Shakes: The London Shakes are the re-inventors of..
    Locations looking for expansion Madhya pradesh
    Establishment year 2009
    Franchising Launch Date 2011
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities