Oyo sets up Aroa ventures to place startup bets

CEO of SoftBank-subsidized hospitality chain Oyo Hotels & Homes, has set up a brand new entity, Aroa Ventures, so that it will appearance to place early- to boom-stage bets, making him the modern Indian entrepreneur to create a vehicle to make non-public investments.

Singapore-based totally Aroa Ventures plans to make investments between $500,000 and $5 million, and is concentrated on opportunities across the consumer, era and amusement infrastructure sectors, according to its website.

Agarwal, who founded Gurgaon-established Oyo in 2013, has roped in Gaurav Gulati, who previously become the chief working officer at co-running enterprise Innov8, which become acquired by Oyo for an predicted Rs 200 crore last 12 months, to head the project.

The Aroa Ventures website states, “Beyond capital, our group of serial entrepreneurs and experienced specialists work alongside portfolio organizations to accelerate their boom and to supply better risk-adjusted returns”.