Prism Gears Up for IPO, Scales Premium Hotels With $5.6M Round

Prism, OYO's parent company, has raised $5.6 million to scale its premium hotel portfolio through its subsidiary, Sunday PropTech.

The round was led by Sapphire Ventures with participation from other investors, including Left Lane Capital and Base10.

The funds will fuel Sunday PropTech’s expansion. In 2026, the company plans to open 40 new four- and five-star hotels in metro cities, smaller towns, wildlife areas, and pilgrimage sites.

Sunday PropTech focuses on managing premium hotel and office properties. Its portfolio includes brands under Prism, such as Sunday Hotels, Palette Hotels, and Townhouse.

The recent investment expands Prism’s premium segment, while the company prepares for its IPO filing.

This month’s notable funding cases in travel also include Two Roads Development receiving $520 million in construction financing, Sonnenblick-Eichner securing $126 million to refinance Pacifica Hotels, and Understory raising $14 million in a funding round led by Smedvig Ventures.