Grab invests a shade over $100 mn in OYO in ongoing $1B Series E round

Date posted: Friday 7 December 2018

Ride-hailing major Grab has invested a shade over $100 million in hospitality chain OYO Hotels & Homes. Post the completion of the round, OYO has now raised $900 million till date. An investment by Grab into OYO, both of which count SoftBank as one of their primary investors, comes at a time when the companies have identified south-east Asia, particularly, Indonesia as a key market for growth.

(ET Tech)