Thiel Fellow Raises $25M For OYO Rooms, A Network of Branded Budget Hotels in India
April 06, 2015 at 17:48 PM EDT
In the largest funding round to date for a Thiel Fellow project, Ritesh Agarwal has raised $25 million from Lightspeed, Sequoia and others to build a branded budget hotel network across India. Called OYO Rooms, the company partners with property owners across India and makes sure that their facilities meet a baseline of requirements from linen quality to breakfast to Internet access for… Read More
