Branded budget hotels marketplace OYO Rooms, which is operated by Oravel Stays Pvt Ltd, is closing a $250-million (INR 1,612 crore) fundraising round led by existing investor SoftBank Group. The recently-launched $100-billion SoftBank Vision Fund is expected to pump in $225 million in OYO, while the rest will come from Lightspeed Venture Partners India pvt Ltd, Sequoia Capital India Advisors Pvt. Ltd and Greenoaks Capital Partners LLC.