Existing backer SoftBank and two new investors are reportedly in discussions to invest between $500m and $800m in the budget accommodation provider.
India-based short-term accommodation provider Oyo Rooms has entered talks with investors including internet and telecommunications firm SoftBank to raise between $500m and $800m, LiveMint reported today.
The company is in discussions with SoftBank, a shareholder in the company since 2015, and two undisclosed new investors, according to four people aware of the development.
Oyo operates a short-term accommodation booking platform, partnering local budget hotel operators. The Oyo-branded rooms are standardised to meet a minimum level of amenities and comfort, and…
