Bigger India
Grab Invests In Indian Hotel Booking Startup OYO: Source
The investment by Grab is part of the SGD1.37 billion (USD1 billion) fund raise by OYO to grow its business in India and China.
Singapore-based ride-hailing firm Grab has invested SGD136.6 million in Indian hotel booking startup OYO, according to a Reuters report that cited sources with knowledge of the matter.
Both Grab and OYO are backed by Japan’s SoftBank Group Corp.
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