According to US travel website Phocuswire，OYO Hotels & Homes secures US.4 million in financing，The investment institution is Hindustan Media Ventures, a venture capital company，188bet Online Sports Betting and Casino part of the Series F financing。The company plans to use the funds to improve products and technology。

Currently，OYO platform provides more than 4.Accommodation booking service for 30,000 hotels and 150,000 non-standard accommodations。September last year，OYO said the company’s gross profit has recovered to 85% of pre-epidemic levels，The company also claims that it has used technology to reduce overall costs by 30-40% in various markets around the world。

Company CEO Ritesh Agarwal said，The company has discovered many good market opportunities，Management will focus on optimizing the company’s organizational structure，Preparing for IPO，Then let shareholders and the board of directors make the decision to go public。

In addition，OYO also appointed Martin Söderström, founder and chairman of 188bet Online Sports Betting and Casino institution DIG 188bet Online Sports Betting and Casino, as a director to strengthen its business development in Europe。In addition to serving as an 188bet Online Sports Betting and Casino and M&A advisor to the board of directors, Söderström himself also invested in OYO，But the specific 188bet Online Sports Betting and Casino amount was not disclosed。