hotel

OYO Assets will use the funds to support growth, expand asset management, and pursue hotel acquisitions, targeting 12 deals this financial year.

This week’s On the Rise looks at China’s grip on the Indonesian EV market, Vietnam’s new proptech star, and blurring lines between sci-fi and reality.

The company secured the new capital from Asia Partners, Mirae Asset Venture Investment, and other investors, according to Alternatives.pe data.

An Oyo spokesperson said that the refinancing plan does not reflect the company’s financial health.

The India-based hotel chain will be merging the product and engineering teams as part of its reorganization, Reuters reported.

An Oyo spokesperson called the reduced valuation – now at US$2.7 billion – “patently incorrect,” Bloomberg reported.

In this episode of 6 Questions With, Vouch founder Joseph Ling discusses his experience running the digital-concierge platform.

Section L, which manages apartment hotels via its own software, said it reached profitability within two months of its launch.

Oyo Jiudian, Oyo’s Chinese subsidiary, will list its standardized accommodations on the Meituan Hotels platform.

The round will fund Zuzu’s plans to expand to Thailand, Malaysia, and Australia.