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Hospitality Information Technology South Asia Travel Travel Accommodations

OYO Raises $660M in TLB Funding

– 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.

Source
Eastern Asia Hotel Information Technology Leisure Travel Travel Accommodations

Yanolja Raises USD 1.7 Billion in Funding

– Yanolja is a Seoul, South Korea-based travel and leisure platform, raised USD 1.7 Billion in funding.
SoftBank Vision Fund 2 made the investment.
– The company intends to use the funds to invest in the development of innovative technologies and to expand its technology offerings in new markets.

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Hospitality Hotel North America Travel Accommodations

Collective Retreats Raises $23M in Series C Funding

– Colletive Retreats, a Denver, CO-based outdoor travel company, raised $23M in Series C funding.
– The round was led by Fireside Investments and Outdoorsy with participation from existing investors including Revolution’s Rise of the Rest Seed Fund.
– The company intends to use the funds to create new destinations and experiences and reinforce the popularity of its outdoor hospitality space.

Source
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