Grab invests $100m in Indian hotel startup OYO
Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday.
Both companies are backed by Japan's SoftBank Group Corp.
The investment by Grab is part of the $1 billion fund raise OYO announced in September in a bid to grow its business in India and China, and expand into new international markets.
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