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 […]
View More Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast AsiaCategory: nepal
India’s budget hotel network OYO moves into wedding banquet services
OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this year but that’s not all it’s up to. Back home in India, it just moved into the event hosting space through the acquisition of a wedding banquet company. Today, OYO said it has acquired Weddingz.in, a three-year-old company that […]
View More India’s budget hotel network OYO moves into wedding banquet servicesIndia’s budget hotel network unicorn OYO expands into China
The tech world sees plenty of Chinese companies move into India — including the likes of Alibaba and Xiaomi — but few expand the other way. OYO Rooms, the billion-dollar Indian startup that pioneered budget hotel networks, is looking to buck the trend, however, after it launched operations in China. Today the company officially announced its […]
View More India’s budget hotel network unicorn OYO expands into China