Titanium Media learned from multiple sources，Due to financing difficulties，OYO founder Li Taixi is currently trying to pledge equity，Seeking US$800 million in support from SoftBank for expansion in the Chinese market。

An investor close to OYO’s senior management revealed to Titanium Media ，Li Taixi knows the importance of the Chinese market，And trying to make it OYO’s largest market。

Not long ago，The Times of India recently reported，OYO is currently negotiating with investors (including new investors and existing investors such as SoftBank) for a new round of financing of US$1 billion，If the financing is completed, OYO’s company valuation may reach 10 billion US dollars。

Among all investment institutions，SoftBank 188bet online sports betting has always been a staunch supporter of OYO。SoftBank has led OYO’s four rounds of financing since 2015。After investing US$1 billion in OYO last September，SoftBank currently holds slightly more than 46% stake in OYO。

The unnamed investor also told TMTPost，Frequent negative news recently，Let SoftBank change its previous attitude，Choose to wait and see。

This person familiar with the matter told TMTpost，OYO claims 800,000 rooms，500,000 of them are in China，Its valuation of US$10 billion，A large part of it is because of China。“It is the number of rooms in China multiplied by the charging rate in India (23%) that supports the story of 10 billion US dollars。”

Previously，Titanium Media once reported on OYO Online、The owner terminated the contract offline、OTA blocking and other issues。Recently，Including interface news、36kr Many media reported OYO data fraud、layoffs、Unrest at the top、News about financing difficulties，OYO, which claims to be a disruptor in the hotel industry, is overwhelmed。

To this，OYO Hotel founder Ritesh Agarwa sent an internal letter to all employees on June 28，Report to the outside world that many people tried to slander 188bet app OYO but in the end no one succeeded，Just like those about OTA cooperation、Negative news about contract renewal，All ended in vain，It will never have any real impact。“Negative news can only explain，Someone has become our defeated general，Everyone knows who it is。”

For this internal letter from OYO，The outside world generally believes that OYO is trying to appease the emotions of internal employees，In fact, it is to dilute the impact of negative reports on financing。

But the current embarrassment is，Due to the single business and profit model in the Chinese market，Hua expands on the B-side、C-side subsidy、Too much money for investment and team expansion，Plus reported to Ctrip not long ago、The total channel fee paid by Meituan is 600 million yuan，Making OYO’s capital chain even tighter。(according to the report of Jiemian News，Except for channel fees，An additional 20% service fee will be paid for each order placed on the OTA platform。）

Also，A number of internal trainers from OYO college disclosed to TMTPost，OYO has planned to dissolve OYO college in China。According to TMTpost’s understanding，OYO College project launched in August 2018，The main 188bet sports betting app download role is to cultivate and build OYO’s hotel operation talent system，Also OYO2.0The basis of refined operations。

 “If you can’t find an employer for blood transfusion，OYO’s capital chain may only last 2 to 3 months”。The source said，Although Lee Tae Hee drew a new blueprint in an internal letter，But OYO has actually reached the edge of life and death when financing is blocked，Therefore, we do not hesitate to use equity pledges in exchange for capital support。

188bet sports betting app download Source: TMTpost Media, author: Gao Mengyang, original title: "The capital chain is tight，OYO Hotel attempts to raise US$800 million through equity pledge》.