Branded network of budget hotels, OYO Rooms has grabbed $25mn from Greenoaks capital, Sequoia and LightSpeed.oyoRooms

Earlier, OYO Rooms had raised US$650,000 from DSG Consumer Partners and Lightspeed, after the parent company Oravel shutdown.

With a humble beginning from one hotel in Gurgaon in 2013, OYO Rooms has now grown to more than 200 hotels in 10 cities booking 50,000 room nights every month. OYO Rooms is planning to aggressively expand its network to 1000 hotels in 25 cities by this year end.

The company was recently in the news for a troll by Stayzilla (and controversy around the founder, Ritesh Agarwal).