Budget hotel chain OYO Rooms raises Rs. 150 crore.

Budget hotel chain OYO Rooms has raised Rs. 150 crore from Greenoaks Capital and its existing investors Lightspeed and Sequoia, the company said in a statement. The two-year-old company, from one hotel in Gurgaon, has grown to more than 200 hotels in 10 cities. It aims to expand its network to 1,000 hotels in 25 cities by this year end, the statement added.

HBL