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Deals are back in Indian Internet start-up space as SoftBank leads funding spree

Hotel room aggregator Oyo Rooms latest to win funds

MUMBAI (NewsRise) -- Indian start-ups are buzzing with deal activity as investors led by SoftBank revive funding the south Asian nation's Internet companies after almost two years of a lull.

SoftBank's Vision Fund has led a bunch of existing investors such as Sequoia India, Lightspeed Venture Partners and Greenoaks Capital to put in $250 million into Indian hotel aggregator Oyo Rooms. Hero Enterprise, led by Sunil Munjal, a member of the family that controls one of India's largest automotive groups Hero, has also joined as a new investor, Oyo said in a statement on Thursday.

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