Funding round
OYO Series G
OYO, which works in hospitality services management in Singapore, raised $174M in a Series G round announced on 11 Aug 2024, led by Patient Capital, at a $2.40B post-money valuation. 5 firms took part, 4 of them already investors, with 6 individual investors. It is OYO's sixth venture round on record; the one before was a Series F in Oct 2019.
$174M
Amount raised
$2.40B
Post-money valuation
$2.23B pre-money
5
Investors
1 lead
0.2x
Step-up from the Series F
$10.00B in Oct 2019
7.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OYO at $2.40B after the new money, 0.2 times the $10.00B of its Series F (Oct 2019). The $174M bought investors about 7.2% of the company. It came 58 months after OYO's Series F. It is 6.0% of the $2.90B OYO has raised in the venture rounds on record. No later venture round is on record for OYO.
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 7 Oct 2019, led by SoftBank, Lightspeed Venture Partners and Sequoia India $1.50B$10.00B post-money
- Series G this round 11 Aug 2024, led by Patient Capital $174M$2.40B post-money
Investors
Who put money in
Patient Capital led the round with 4 other firms. Patient Capital, InCred Wealth, J&A Partners and ASK Financial Holdings had backed OYO before.
Lead investor
- Patient Capital existing investor
Also in the round
- InCred Wealth existing investor
- J&A Partners existing investor
- ASK Financial Holdings existing investor
- Mankind Pharma promoters family office new investor
Individual investors: Dr Ritesh Malik, Gauri Khan, Madhuri Dixit-Nene, Anmol Sood, Amrita Rao and Dr. Shriram Nene.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series G rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Aug 2024 | $9.9M | not disclosed | not named |
| EGYM Tech Companies | 24 Sep 2024 | $200M | $1.20B | L Catterton and Meritech Capital |
| Loans & Financing | 20 Sep 2024 | $30M | not disclosed | ABC Impact |
| Loans & Financing | 1 Sep 2024 | $29M | $1.01B | not named |
| Sila Nanotechnologies Batteries | 27 Jun 2024 | $375M | not disclosed | Sutter Hill Ventures and T. Rowe Price Associates, Inc. |
| Zipline Airline Companies | 1 Jun 2024 | $350M | not disclosed | not named |
| Taxicabs | 29 Oct 2024 | $65M | not disclosed | TASARU Mobility Investments |
| Solaris Banks & ATMs | 4 Feb 2025 | $144M | not disclosed | SBI Holdings and Boerse Stuttgart Group |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did OYO raise in its Series G round?
OYO raised $174M in its Series G round, announced in Aug 2024.
Who led OYO's Series G round?
Patient Capital led it, with InCred Wealth, J&A Partners, ASK Financial Holdings and Mankind Pharma promoters family office.
What was OYO's valuation at the Series G round?
$2.40B post-money ($2.23B pre-money).