Indian hotel aggregator OYO Rooms is eyeing an expansion of its budget segment to offer serviced apartments and homestays for leisure markets again by the end of the year. The company had previously phased out these categories last year, but is now looking to re-launch in about six months.

The aggregator will be working on newly constructed properties as also refurbished older home stays and serviced apartments and is currently in talks to raise about $300-$500 million, the largest financing round in India’s startup sector since November 2015.

Read more:

Tagged with →