Oyo Assets, backed by PRISM, has collected ₹125 crore funding from institutional and private investors, including InCred, according to reports. Oyo Assets, previously known as Sunday PropTech, focuses on acquiring and developing hotels in India's premium and mid-premium segments.
Key Highlights
- Oyo Assets raises ₹125 crore in fresh funding round led by InCred, boosting growth potential.
- The capital infusion strengthens Oyo Assets’ position in the Indian hospitality startup space and investor interest.
The equity infusion would allow Oyo Assets (Sunday PropTech) to extend its footprint in important leisure and commercial destinations while also improving its asset management capabilities.
According to sources, the latest round of finance totals ₹125 crore.
"The portfolio's early performance displays robustness, steady cash flows, and clear unit-level profitability in an industry that is attracting more organised money. Sunday PropTech stands out for its clear strategy and ability to execute with accuracy. This capital investment increases the platform's ability to purchase high-quality assets at scale while maintaining strong financial discipline," InCred's Chief Investment Officer, Saurabh Jhalaria, told.
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Oyo Assets plans to acquire 12 hotels this fiscal year, with 7 already under consideration. These hotels will be operated under PRISM's portfolio of brands, which includes Sunday Hotels, Palette Hotels, Townhouse, and a few US names.
The new funding will enable the company to accelerate its growth plans and actively seek out attractively priced hotel investment possibilities.
