OYO's Innov8 raises Rs 110 Cr at Rs 1,000 Cr valuation

OYO Innov8, a startup accelerator and investment arm of OYO, has raised Rs. 110 crore at a valuation of Rs. 1,000 crore. The funding will be used to support the growth of innovative startups, particularly in the hospitality and travel sectors. The company aims to identify and invest in early-stage startups with high growth potential, providing them with the resources needed to scale. OYO Innov8’s strategic investments will focus on building the next generation of travel and hospitality solutions. This fundraising round underscores OYO’s commitment to fostering innovation and entrepreneurship within the industry, offering startups access to mentorship and capital.