Bigger India
OYO May Become Singapore-based Grab’s First India Bet; Talks On For $100 Million Investment
Grab - hailed as Southeast Asia's most valuable startup - is in advanced discussions to invest Rs 697.7 crore in OYO.
Less than three months after hospitality company OYO Hotels & Homes raised $1 billion from SoftBank, Sequoia and other existing investors to enter unicorn club, it is reportedly working on another $1 billion funding round.
Singapore-based ride-hailing company Grab — hailed as Southeast Asia’s most valuable startup — is in advanced discussions to invest $100 million (Rs 697.7 crore) in the Ritesh Agarwal company, The Economic Times reported.