Airbnb is considering an investment in Oyo sized at $100m to $200m, which would drive the India-based company's international expansion efforts.
India-based short-term accommodation services provider Oyo is in line to receive between $100m and $200m in funding from accommodation rental platform Airbnb, The Information reported on Monday, citing people familiar with the matter.
The deal could fall apart, the sources cautioned, as investing in an overseas business would require complex tax filings for US-headquartered Airbnb. Oyo has allegedly also been approached by other interested parties about an investment, which could frustrate Airbnb’s efforts.
Founded in 2013, Oyo partners existing budget…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
