“This was an absolutely isolated incident. No person is being denied accommodation in our hotels because they hold identity cards of J&K. We have among the largest number of hotels in J&K,” the employee said.
As per sources in know of the matter, after the entire process is completed, Ritesh Agarwal’s stake in Oyo will rise from the current 9-10 per cent to around 30 per cent. This would take the valuation of the company to around $10 billion.
Hotel aggregator OYO Rooms on Thursday said that it has raised its largest ever funding round of $250 million (Rs1,600 crore) through Series D led by Japanese internet and telecom conglomerate SoftBank and Sunil Kant Munjal-led Hero Enterprise