The hotel aggregation platform is in talks with the SoftBank Vision Fund for an investment that could range from $300m to $500m.
India-based budget hotel booking platform Oyo Rooms is hoping to secure between $300m and $500m from the SoftBank Vision Fund, a $100bn vehicle managed by telecoms group SoftBank, the Economic Times wrote today.
The transaction, if it goes ahead, would ascribe Oyo Rooms a valuation of $1.2bn post-money and may give SoftBank a majority stake of just over 50%, unnamed sources have told the newspaper. Other new and existing backers may also join the round.
Founded in 2012, Oyo operates…
