OYO's Singapore arm secures $200 million loan from SoftBank
A regulatory filing showed that
The transaction was planned for 2020 and is being consummated now.
AdvertisementOYO has started recording steady signs of recovery across the globe led by its business in India, Europe and Southeast Asia while sustaining its gross margin to 100 per cent of pre-COVID levels.
According to people in the know, a significant part of the funds will be diverted towards technology and data analytics.
Recently, OYO's valuation reclaimed the $9 billion-mark after
OYO Hotels & Homes is present across 800 cities in 80 countries, including the US, Europe, UK, India, Middle East, Southeast Asia, and Japan.
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