With Over 200 Hotels In Its Kitty, This Startup For Standardised Budget Rooms Is Now Valued At $100 Mn

After being in controversy for months, branded network of budget hotels OYO Rooms has raised over $25 Mn in a funding round led by San Francisco-based Greenoaks Capital and existing investors i.e. Lightspeed and Sequoia at a valuation of $100 Mn.Hi @oyorooms -our users are glad to see we’re the benchmark but you’re violating our trademark! pic.twitter.com/RJTBTftVsl

OYO, had previously raised funding from VentureNursery, a seed round from Lightspeed Venture Partners and DSG Consumer Partners last year, and later it raised INR 30 Cr. from Sequoia Capital in October.— Stayzilla.com (@stayzilla) March 20, 2015