How much funding did OYO Assets receive?

OYO Assets received Rs 125 crore in its latest funding round.

Who led the funding round for OYO Assets?

The funding round for OYO Assets was led by InCred.

What is OYO Assets' acquisition target?

OYO Assets is targeting 12 hotel acquisitions in the current financial year.

Home / Business and Economy / OYO Assets Secures Rs 125 Cr Funding Boost

OYO Assets Secures Rs 125 Cr Funding Boost

23 Nov

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Summary

OYO Assets raised Rs 125 crore in a recent funding round.
The investment was led by InCred, boosting asset management.
The company targets 12 hotel acquisitions this fiscal year.

OYO Assets Secures Rs 125 Cr Funding Boost

OYO Assets has successfully closed a Rs 125 crore funding round, with InCred spearheading the investment from a consortium of institutional and private investors. This significant capital infusion is earmarked to bolster the company's asset-management capabilities and facilitate expansion into prominent leisure and business travel hubs.

The company, also known as Sunday PropTech, focuses on acquiring and developing hotels in India within the premium and mid-premium segments. The newly acquired funds will empower OYO Assets to pursue growth more aggressively and identify further investment prospects. InCred's Chief Investment Officer highlighted the portfolio's early resilience and profitability.

OYO Assets is strategically aiming to acquire 12 hotels in the current financial year, with several acquisition discussions already in advanced stages. These hotels are intended to operate under PRISM's established brands, including Sunday Hotels, Palette Hotels, and Townhouse, underscoring a clear expansion strategy.

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