Funding round
OYO Growth
Reported as "Growth Equity"
OYO, which works in hospitality services management in Singapore, raised $1.00B in a Growth round announced on 25 Sep 2018, led by SoftBank Vision Fund, at a $5.00B post-money valuation. 4 firms took part, 4 of them already investors. It is OYO's third venture round on record; the one before was a Series B in Aug 2015.
$1.00B
Amount raised
$5.00B
Post-money valuation
$4.00B pre-money
4
Investors
1 lead
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OYO at $5.00B after the new money. The $1.00B bought investors about 20% of the company. It came 37 months after OYO's Series B. It is 35% of the $2.90B OYO has raised in the venture rounds on record. OYO raised again 3 months later: a Series E round of $100M in Dec 2018. Its next priced round, a Series F in Oct 2019, valued it at $10.00B.
OYO's funding rounds
OYO has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 25 Mar 2015 $25M
- Series B 3 Aug 2015, led by SoftBank $100M
- Other not a venture round 13 Sep 2017, led by China Lodging Group $10M
- Growth this round 25 Sep 2018, led by SoftBank Vision Fund $1.00B$5.00B post-money
- Series E 3 Dec 2018, led by Grab $100M
- Series F 7 Oct 2019, led by SoftBank, Lightspeed Venture Partners and Sequoia India $1.50B$10.00B post-money
- Series G 11 Aug 2024, led by Patient Capital $174M$2.40B post-money
Investors
Who put money in
SoftBank Vision Fund led the round with 3 other firms. SoftBank Vision Fund, Lightspeed Venture Partners, Sequoia Capital and Greenoaks had backed OYO before.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Greenoaks backs 77 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Hotels, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hotels | 29 Jan 2019 | $115M | not disclosed | Whitman Peterson |
| Hotels | 15 Jul 2019 | $314M | not disclosed | Madison Realty Capital |
| Food delivery | 18 Sep 2018 | $300M | $1.20B | Tiger Global |
| Stripe Payment Processing & Point of Sale | 26 Sep 2018 | $245M | $20.00B | Tiger Global and Sequoia Capital |
| Tech Companies | 14 Sep 2018 | $85M | $3.00B | Incentrum Group |
| Tech Companies | 12 Sep 2018 | $80M | not disclosed | Insight Partners |
| Tech Companies | 7 Sep 2018 | $80M | not disclosed | TPG |
| Solar Energy Company | 12 Sep 2018 | $50M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did OYO raise in its Growth round?
OYO raised $1.00B in its Growth round, announced in Sep 2018.
Who led OYO's Growth round?
SoftBank Vision Fund led it, with Lightspeed Venture Partners, Sequoia Capital and Greenoaks.
What was OYO's valuation at the Growth round?
$5.00B post-money ($4.00B pre-money).
Did OYO raise again after this round?
Yes: a Series E round in Dec 2018 of $100M.