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Monday, Nov 18, 2024

Oyo founder Ritesh Agarwal to invest ₹550 crore into the company for global expansion

Oyo acquired US-based hospitality chain Motel 6 and Studio 6 from Blackstone Real Estate for $525 million in September this year
The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley in New Delhi
The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley in New Delhi

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News business Oyo founder Ritesh Agarwal to invest ₹550 crore into the company for global expansion