OYO Assets Raises Rs 125 Crore Led by InCred to Accelerate Hotel Acquisitions

Overview

• The equity round, led by InCred with other institutional and private investors, totals Rs 125 crore.
• OYO Assets, also known as Sunday PropTech, will deploy the capital to buy mid-premium and premium hotels across India.
• The company targets 12 acquisitions in the current financial year, with seven deals in advanced discussions.
• Acquired properties will be operated under PRISM’s brands, including Sunday Hotels, Palette Hotels, Townhouse, and select US brands.
• InCred’s CIO said early portfolio performance shows resilience, consistent cash flows, and unit-level profitability, supporting scaled purchases with financial discipline.