Hospitality unicorn startup Oyo raises $6.9 million in debt funding from MyPreferred Transformation; to upgrade quality of living spaces in India
INDIANWIRE
Oyo, a hospitality unicorn startup, has secured $6.9 million (approx INR 50 crore) in debt funding from MyPreferred Transformation, a joint venture between Oyo, Avendus Finance, and Japan-based SoftBank, reported Inc42. The Gurugram-based unicorn startup will be utilizing the infused financials to lift up the quality of the living spaces by commencing more affordable housing for the Indian customers.