OYO founder Ritesh Agarwal has surely achieved a lot in a short span of time and now he has launched a VC-fund with focus on Indian startups. OYO has been in trouble for quite some time now.

Home Solutions Retail (India), a subsidiary of BSE-listed Pantaloon Retail (India), has informed that the firm along with its two investors has successfully raised Rs
150-crore via a rights issue to fuel its expansion programme.

The company has been able to successfully raise Rs 150-crore through a rights issue, which was closed yesterday. The company confirms that it has raised the amount along with ICICI Ventures Funds Management and Kotak SEAF India Fund.