Hindustan Media Venture Ltd (HMVL) owned by HT Media, has invested Rs 54 crore in OYO, a hospitality company aspect of its series F1 round funding. Soft bank vision fund, Sequoia Capital, Lightspeed Ventures, Airbnb, and Hero Enterprise are the main investors who backed OYO. According to OYO’s regulatory filing, 125 series F1 Compulsory Convertible Cumulative Preference Shares (cccps) has been subscribed by HMVL, has a face value of Rs 100 each for cash at an issue price of Rs 43.2 lakh per series F1 cccps, Rs 54 crore has been aggregated to a private placement.
The new funding will come as a relief to a company that is seeing a slow recovery in the business.
OYO Hotels and Homes is the world’s one of the best leading branches of Hotels and Homes. Today, OYO operates in more than 800 cities in 80 countries including the US, Europe, U.K., India, Middle East, South East Asia, and Japan.
HMVL is an investment sector in the year 2020, it has invested in several new-age digital companies including MobiQuick, Review Adda, Hubhopper.com, and Zvesta.
In November 2020, HMVL invested Rs 41.5 crore in MobiQuick, a digital series E round.
In October 2020, the HMVL board proposed and approved to invest up to Rs 6 crore in equity shares and/or convertible equity. Linked instruments of Padma Infocom Private Ltd (Review Adda). Review Adda owns and operates www. reviewadda .com which helps admission seekers to select and apply to various colleges and universities.
The company has been accepted to obtain equity shares or convertible equity-linked instruments that can be converted to equity shares equivalent to 10.71% equity stake in Review Adda, under the proposed investment, based on the current capital structure of Review Adda.
The HMVL board had been accepted investment up to Rs 4.5 crore in Parijat Innovation in July 2020, they had been approved to invest in one or more trench, by subscribing to its Compulsorily Convertible Preference Shares (CCPS). www.Hubhopper.com is operated by Parijat Innovations, a content-based social platform for podcast content creation, aggregation, and distribution. In February 2020 Rs 5.5 million funds have been raised by Gurugram- based prop-tech startup zvesta, in series A round from Hindustan Media Venture. Zvesta is a 360-degree integrated AL-powered real estate solution company innovatively designed for buyers, sellers, developers, manufactures, and property agents.