India, Sept. 23 -- En route to an initial public offering (IPO), hospitality major OYO's parent PRISM has raised INR 50 Cr ($5.6 Mn) for its premium hotels subsidiary Sunday PropTech. The round was led by a consortium of investors including InCred and Analah Capital.

According to PRISM, the fresh funding will help Sunday PropTech expand its portfolio of high-end hotels with "minimal upfront capital investment." The subsidiary plans to launch 40 new four- and five-star hotels in FY26 across metros, non-metros, wildlife destinations, and pilgrimage centres.

Led by OYO's VP Finance Saurav Agarwal and Group CFO Rakesh Kumar, Sunday PropTech manages high-performing hotel and office assets through long-term strategies, focusing on premium, hi...