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Branded budget hotels marketplace OYO Rooms has closed a $250 million (about Rs 1,600 crore) round of funding, which was led by its existing investor SoftBank along with with new investor Hero Enterprise.
IndusLaw acted for OYO Rooms and the founder and the team was led by Partner Avimukt Dar along with Senior Associate Nitin Gera, and Associates Nikita Goyal and Aayush Sood.
Partner Avik Biswas advised on Employment law while Partner Saurav Kumar advised on Regulatory Law.
Morrison & Foerster LLP (Hong Kong) acted as international counsel for SoftBank with a team led by Partner Amit Kataria.
Cyril Amarchand Mangaldas Partner Shishir Vayttaden advised SoftBank on Indian law aspects.
Gunderson Dettmer acted for Light Speed Partners and the team included Partner Jonathan C. Pentzien.
Themis Law Associates advised Sequoia with a team led by Partner Amritha Salian.
AZB & Partners acted for Hero Enterprise and the team was led by Partner Nandita Govind.