Oyo Assets raises Rs 125 Cr in round led by InCred
The equity infusion will help Oyo Assets expand in key leisure and business destinations, and strengthen its asset-management capabilities.
OYO parent PRISM-backed OYO Assets has raised Rs 125 crore in a fresh funding round from a group of institutional and private investors. According to sources, the round was led by InCred.
OYO Assets, also known as Sunday PropTech, focuses on acquiring and developing hotels in India across premium and mid-premium segments.
The fresh capital will help the company accelerate its growth plans and scout more actively for attractively priced hotel investment opportunities. The equity infusion will help the company expand in key leisure and business destinations and strengthen its asset-management capabilities.
In a conversation with Press Trust of India, Saurabh Jhalaria, Chief Investment Officer at InCred, said: “The early performance of the portfolio demonstrates resilience, consistent cash flows, and clear unit-level profitability in a sector that is increasingly attracting organised capital."
He added, "Sunday PropTech stands out for its coherent strategy and its ability to execute with precision. This capital raise strengthens the platform's ability to acquire high-quality assets at scale while maintaining robust financial discipline.”
OYO Assets is targeting 12 hotel acquisitions in the current financial year, with seven in advanced stages of discussion. The hotels will operate under PRISM’s portfolio of brands, including Sunday Hotels, Palette Hotels, Townhouse and select US brands.
Earlier in September this year, Sunday ProTech had raised Rs 50 crore from the new-age financial services group InCred, and the Mumbai-headquartered Analah-led consortium of investors.
(With inputs from PTI)