Hospitality unicorn OYO Hotels & Homes has revived a tranche of $807 million of its Series F round of $1.5 billion it announced in October last year. The fresh tranche has come from existing investors SoftBank and Founder Ritesh Agarwal-owned RA Hospitality Holdings.

Oravel Stays, which owns and operates Oyo and its subsidiaries has issued 15,325 compulsorily convertible cumulative preference shares (CCCPS) to SVF India Holdings and RA Hospitality Holdings to raise $806.7 million according to the latest regulatory filings.

SVF Holdings has picked up 9,626 Series F CCCPS for $506.75 million while RA Hospitality Holdings acquired 5,699 shares by investing $300 million. These Series F CCCPS were issued at $52,643.22 per share to both investors. Following this allotment of shares, SVF India will hold 50.6% stake in Oyo and RA Holdings will have 25.87%.

At the time of announcing the Series F funding the unicorn had stated that the funding will be focused on Oyo's growth in the US, and to also strengthen its position in the vacation rentals business in Europe.

Financially, the company continues to make losses. For the fiscal year ended March 2019, OYO reported a consolidated net loss of $335 million (over Rs 2,390 crore), mainly on account of international expansion. The company had reported a net loss of $52 million (over Rs 370 crore) for the preceding fiscal. The consolidated revenue of the company for 2018-19 stood at $951 million as against $211 million in FY18.

Also recently, Oyo has seen multiple changes across the company and its different verticals. In India, it has consolidated teams across Oyo, Town House and cloud kitchen businesses. It’s also looking to scale down its co-living business Oyo Life. The company had trimmed 50% of its workforce in the cloud kitchen vertical.