Oyo's Yolo Moment 

Oyo Hotels and Homes, India’s second-most valuable startup, is raising $1.5 billion from investors including founder Ritesh Agarwal and SoftBank’s Vision Fund in a push to plant its flag in international markets.

Agarwal, who at 25 is learning the meaning of the word "hungover" while running a roughly $10 billion company, will spend $700 million to buy new shares in Oyo. He’s working on a $2 billion plan to triple his stake in the company.

Oyo's been watching a lot of Bar Rescue. It takes the operational reins at existing hotels, then renovates them and trains staff in exchange for a ~25% cut of every booking.

• Oyo (est. 2013) covers 1.2 million rooms in 80+ countries.
• But some of the 10,000+ hotel owners who work with Oyo in India say the company sometimes ends up taking over half of sales using sketchy fee increases.

Zoom out: Oyo is a “high-growth, high-spend,” SoftBank-backed startup, Crunchbase points out. WeWork is the word you’re thinking of...but Oyo’s fundraise suggests investors might not be totally spooked just yet.