Indian hotel-booking startup Oyo is raising $1.5B at a $10B valuation, of which $700M is from the founder Ritesh Agarwal, who plans to raise his stake to 30% (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg:
Indian hotel-booking startup Oyo is raising $1.5B at a $10B valuation, of which $700M is from the founder Ritesh Agarwal, who plans to raise his stake to 30%  —  - 25-year-old founder will spend $700 million for new shares  — Existing investors such as SoftBank, Sequoia will add the rest

from Techmeme https://ift.tt/2ANgjZS