OYO, the Indian hospitality chain, is set to raise ₹1000 crore in a bid to achieve a ₹2.5 billion valuation. The fundraising initiative will be discussed at an Extraordinary General Meeting (EGM) scheduled for Tuesday. This move comes as OYO continues its efforts to strengthen its financial position and expand its market presence. The company aims to leverage the funds to enhance its technology, improve customer experience, and explore new growth opportunities. Investors and stakeholders are keenly watching this development, marking a significant milestone in OYO's journey towards sustained growth and profitability.