Founder and CEO Ritesh Agarwal is set to provide $700m for a $1.5bn series F round that will value the short-term accommodation provider at $10bn, while SoftBank will also take part.

India-based short-term accommodation platform Oyo is looking to raise $1.5bn in a series F round backed by telecommunications and internet conglomerate SoftBank, TechCrunch reported today. Ritesh Agarwal, Oyo’s founder and chief executive of Oyo, is set to invest $700m in the round. Reports of the series F first emerged in June 2019 and venture capital…

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