<ul><li>Indian hospitality company, Oravel Stays Ltd, is in discussions for a $200 million funding round to support its US expansion plans.</li><li>Oravel Stays recently acquired G6 Hospitality, parent company of Motel 6 and Studio 6 brands, as part of its expansion into the US market.</li><li>OYO currently operates over 320 hotels in 35 US states, with plans to add another 250 by 2024.</li><li>The funding round aims to raise $200 million at an estimated valuation of $4.5-5 billion, with talks initiated with overseas institutional investors and private Indian investors.</li></ul>

OYO Eyes $200 Mn Funding To Power Its US Expansion Strategy

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