Hindustan Media Ventures invests Rs 54 crore in OYO
The fresh funding will come as a breather for the company which is slowly seeing a recovery in the business
The fresh funding will come as a breather for the company which is slowly seeing a recovery in the business.
OYO Hotels & Homes is one of the world’s leading chain of hotels and homes. OYO today operates in over 800 cities in 80 countries, including the U.S., Europe, U.K., India, Middle East, Southeast Asia, and Japan.
HMVL has been on an investment spree. In 2020, it had invested in multiple new-age digital companies like Mobikwik, ReviewAdda, Hubhopper.com, and Zvesta.
In November 2020, HMVL had invested Rs 41.5 crore in digital payments platform Mobikwik as a part of its Series E round.
In October 2020, the HMVL board had approved a proposal to invest up to Rs. 6 Crore in equity shares and/or convertible equity-linked instruments of 'Padma Infocom Private Limited' (ReviewAdda). ReviewAdda owns and operates www.reviewadda.com which helps admission seekers in selecting and applying to various colleges and universities.
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