OYO Hotel & Homes now secures Rs 50 crore debt from Avendus Finance
R Sinduja
News Editor
Image Credit: shortpedia
Avendus Finance, 1st external visitor to provide debt financing to OYO-Owned Ventures. The amount is speculated to be Rs 50 Crore. OYO-Soft bank started their venture in late 2018 for renovation & refurbishment of OYO-hotels & other similar markets. Soft Bank owns the largest share on the venture. OYO added that debt financing would help them to Strengthen the design and some upgrades in hotel assests.
