Capital Boost
At a time when start-ups are braving rough weather in India, Ritesh Agarwal’s OYO and Kavin Bharti Mittal- led Hike have raised fresh funding from investors. Agarwal plans to use the `413 crore raised from Japan’s SoftBank Group Corp to expand the company’s new initiative ‘OYO Flagship’. Mittal, who raised $175 million from Tencent Holdings and Foxconn Technology Group, and joined the Unicorn club, plans to invest the amount in services, people, office space and in areas of machine learning and computer vision.