Branded budget hotel rooms marketplace OYO Rooms has secured Rs 150 crore* or $20 million in a funding round led by Greenoaks Capital and other existing investors. The Gurgaon-based startup has expanded aggressively in the past six months, growing from 30 hotels to 200 and from one city to 10. By the end of this year, OYO plans to list 1,000 hotels, the report added. OYO Rooms operated as Oravel.com and pivoted its business from an Air BnB clone following operational issues. Founded in 2012, Oravel allowed users to search for short stay rooms and apartments in India. Users could list their serviced apartments, boutique properties and villas and travelers can book these properties from the site. Later the company shifted focusing on its budget hotel chain OYO Rooms.The company had temporarily scaled down operations after two senior executives on the tech side had left the company.…
