OYO Raises $660M in TLB Funding

20 Jul, 2021

OYO Raises $660M in TLB Funding
Photo by Ýlona María Rybka on Unsplash

– OYO, a New Dheli, India-based platform that connects entrepreneurs and small businesses with hotels and homes, raised $660M in TLB funding.
– TLB refers to a tranche of senior secured syndicated credit facility from global institutional investors.
– The company intends to use the funds to retire its past debts, strengthen the balance sheet and for other business purposes including investment in product technology.

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