Oyo Assets raises ₹125 crore funding from investors, including InCred — What we know

Oyo Assets, the asset-buying arm of Oyo’s parent company Prism, raised ₹125 crore in fresh funding from private and institutional investors, including InCred, PTI reported on November 23, citing sources.

Oyo Assets, also known as Sunday PropTech, focuses on acquiring and developing premium to mid-premium assets for the company across India.

Ritesh Agarwal’s ‘vision’ for Prism

Notably, Oravel Stays, the parent company of OYO that was bound for an IPO in September, was rebranded as Prism to create an umbrella corporate entity for all its businesses and bring together the global travel technology platform’s various brands. Announcing the move in a letter to shareholders, chairman and founder, Ritesh Agarwal said Prism will “connect our disparate brands without losing what makes each of them unique.”

He added that the transition creates a clearer and “more future-proof enterprise architecture” designed to align the company’s expanding portfolio with its strategic vision.