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Indus, Luthra, AZB, Themis bed down $24m VC investment into online hotel aggregator OYO Rooms

IndusLaw advised Oravel Stays, which runs budget hotel brand aggregator platform OYO Rooms, on its $24m (Rs 150 crore) funding from Lightspeed Venture Partners IX Mauritius (advised by Luthra & Luthra), Greenoak Capital Partners (advised by AZB & Partners), Sequoia Capital (advised by Themis Associates) and DSG Consumer Partners.

Indus Noida partner Avimukt Dar and associate Nikita Goyal acted for Oravel, which has also filed a copyright theft complaint against Zostel Hospitality, as reported by Techcircle//.

Luthra Delhi partner Deepak Joyce acted for Lightspeed.

AZB Bangalore partner Srinath Dasari acted for Greenoak.

OYO raised $650,000 in funding from DSG Consumer Partners and Lightspeed Venture Partners in May 2014, reported [http://techcircle.vccircle.com/2015/03/25/oyo-rooms-raises-20m-in-funding-from-greenoaks-capital-lightspeed-and-sequoia/VCCirlce].


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