SoftBank led the hotel booking platform's series B round, after it was revealed in May that the two companies were in advanced talks for funding.

India-based budget hotel booking platform Oyo Rooms has raised $100m in a series B round led by telecommunications and internet company SoftBank, The Economic Times reported earlier today.

Venture capital firm Lightspeed Venture Partners, VC fund Sequoia Capital India and investment firm Greenoaks Capital also took part in the round.

SoftBank was first reported to be in advanced talks about leading the round in May 2015 and was reportedly set to acquire a stake sized at between 25% and 30%.…