Funding round
OYO Series F
OYO, which works in hospitality services management in Singapore, raised $1.50B in a Series F round announced on 7 Oct 2019, led by SoftBank, Lightspeed Venture Partners and Sequoia India, at a $10.00B post-money valuation. 4 firms took part, 4 of them already investors. It is OYO's fifth venture round on record; the one before was a Series E in Dec 2018.
$1.50B
Amount raised
$10.00B
Post-money valuation
$8.50B pre-money
4
Investors
3 leads
2.0x
Step-up from the Growth
$5.00B in Sep 2018
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OYO at $10.00B after the new money, 2.0 times the $5.00B of its Growth (Sep 2018). The $1.50B bought investors about 15% of the company. It came 10 months after OYO's Series E. It is 52% of the $2.90B OYO has raised in the venture rounds on record. OYO raised again 58 months later: a Series G round of $174M in Aug 2024, at $2.40B post-money.
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 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 this round 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, Lightspeed Venture Partners and Sequoia India led the round with 1 other firm. SoftBank, Lightspeed Venture Partners, Sequoia India and RA Hospitality Holdings had backed OYO before.
Lead investors
- SoftBank existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Sequoia India existing investor
Also in the round
- RA Hospitality Holdings existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 22 Oct 2019 | $400M | $6.20B | Andreessen Horowitz |
| Bluevine Banks & ATMs | 19 Nov 2019 | $103M | not disclosed | ION Asset Management |
| Tech Companies | 12 Aug 2019 | $100M | $370M | Francisco Partners |
| Toss Business Payment Processing & Point of Sale | 8 Aug 2019 | $64M | $2.20B | Aspex Management |
| FlixBus Buses, Shuttles & Local Transit | 1 Jul 2019 | $567M | $2.00B | not named |
| Vestiaire Collective Clothing Stores | 1 Jun 2019 | $45M | not disclosed | not named |
| Furniture Stores | 1 Feb 2020 | $40M | $462M | Pidilite Industries |
| Mining & Gas Exploration | 20 Jun 2019 | $2.5M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did OYO raise in its Series F round?
OYO raised $1.50B in its Series F round, announced in Oct 2019.
Who led OYO's Series F round?
SoftBank, Lightspeed Venture Partners and Sequoia India led it, with RA Hospitality Holdings.
What was OYO's valuation at the Series F round?
$10.00B post-money ($8.50B pre-money).
Did OYO raise again after this round?
Yes: a Series G round in Aug 2024 of $174M at $2.40B post-money.