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What happened
Sunday Proptech Limited, also known as Oyo Assets, has successfully raised Rs 125 crore in equity capital, primarily led by InCred. The funding round included participation from various institutional and private investors. The company plans to acquire 12 hotels within the current financial year, with 7 acquisitions already in advanced discussions. These hotels will be integrated into PRISM's portfolio, which includes brands like Sunday Hotels and Palette Hotels. The additional capital is expected to enhance Sunday Proptech's growth and enable it to pursue more hotel investment opportunities. InCred's Chief Investment Officer noted the company's strong performance and strategic execution, which positions it well for future acquisitions. Sunday Proptech aims to achieve Rs 42 crore in EBITDA for the financial year 2026 and targets a threefold growth in the following year.
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Key insights
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Significant Funding Secured: Sunday Proptech raised Rs 125 crore to expand its hotel portfolio.
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Growth Strategy Focused: The company aims to acquire 12 hotels this fiscal year.
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Strong Investor Confidence: InCred's backing highlights confidence in Sunday Proptech's strategy.
Takeaways
The successful funding round positions Sunday Proptech for significant growth in the hotel sector, reflecting investor confidence in its strategic direction.