Hospitality firm OYO Tuesday announced raising USD 1 billion (around Rs 7,280 crore) in a fresh round of funding led by Japan's SoftBank group for further expansion in India, China and other countries. The company has already raised USD 800 million and has further commitment of USD 200 million, OYO said in a statement. The latest funding round led by SoftBank Investment Advisers (SBIA) through SoftBank Vision Fund also saw participation from other existing investors Lightspeed Venture Partners, Sequoia and Greenoaks Capital, it added.