• Grab invests $100M into India's OYO to expand its budget hotel service in Southeast Asia

    5 monthes ago - By TechCrunch

    Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank's Vision Fund that closed back in September.
    The deal was first made public via a regulatory filing in India, as Economic Times reported .
    “We can confirm the investment into OYO,” a Grab spokesperson told TechCrunch.
    Grab has done a handful of strategic deals thus far, including investments in bike-sharing startup oBike and grocery delivery...
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