Indian hotel chain Oyo launches in U.S with $300 million investment, Dallas home base

One of the world's fastest-growing hotel brands, India-based Oyo, is gearing up for a $300 million expansion in the United States.

And Dallas will be its home base, Oyo chief operating officer Abhinav Sinha said.

The hotel chain, founded in 2013 by then-19-year-old Ritesh Agarwal, operates 23,000 hotels and 46,000 vacation homes in Europe, Asia and the Middle East. In September 2018, it raised $1 billion for international expansion from big-name investors Softbank Group, Sequoia Capital and Lightspeed Venture Partners.