SoftBank-backed Indian hospitality startup Oyo to raise $1.5 billion in new funding

The new funding round will see the startup’s founder pump in $700 million while another $800 million will come from existing investors. On Monday, SoftBank Group Corp-backed Indian hospitality startup Oyo stated, it aims to raise $1.5 billion in a new funding round led by Ritesh Agarwal, its founder and other existing investors. In a…