The ride hailing app is in advanced talks to invest $100m in the round which includes contribution from SoftBank Vision Fund and values the hotel operator at $5bn.
India-based hospitality company Oyo is in talks with ride hailing app developer Grab for a $100m commitment to its $1bn funding round already backed by telecommunications conglomerate SoftBank, the Economic Times reported today.
The deal is expected to be completed in the next few days, people familiar with the matter told the Economic Times.
In September this year, Softbank Vision Fund, the near-$100bn vehicle managed by SoftBank, and venture capital firms Sequoia Capital and Lightspeed Venture Partners backed an
