NEW DELHI, Nov 23: OYO parent PRISM-backed OYO Assets has raised Rs 125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, according to sources. OYO Assets, also known as Sunday PropTech, is focused on acquiring and developing hotels in India across premium and mid-premium segments. The equity infusion will enable OYO Assets (Sunday PropTech) to expand its presence in key leisure and business destinations and enhance its asset management capabilities. The funding amount in the latest round stands at Rs 125 crore, people aware of the development said. “The early performance of the portfolio demonstrates resilience, consistent cash flows, and clear unit-level profitability in a sector that is increasingly attracting organised capital
OYO Assets raises Rs 125 cr in fresh funding round led by InCred
Daily Excelsior2 hrs ago
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