HomeBusinessGrab to invest $100 Mn in OYO rooms, through A1Holdings Inc

Grab to invest $100 Mn in OYO rooms, through A1Holdings Inc

Reader's Pick

A Singapore based Taxi company Grab is reportedly planning to invest $100 Million in Indian hospitality chain  OYO rooms as a part of an ongoing $1 billion funding round.

Citing to the two people familiar with this deal, Economic Times said that “The deal is expected to close in days through A1Holdings Inc an entity controlled by Grab.”

In September, OYO rooms raised $800 Mn in funding from Softbank Vision Fund, along with its existing investors Sequoia Capital, Lightspeed India Partners, and Greenoaks Capital. The company also received $200 million as a commitment from undisclosed investors, which brought OYO rooms to $1 billion in valuation.

According to the ET, “The fresh round funding which is supposed to close soon will bring the company at $5 Billion in value.”

- Advertisement -

[Content under development]


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Union Budget 2023: Five Major Changes to the Personal Income Tax Regime

In a major announcement on income tax changes, the government has revealed five...

Union Budget 2023: Infrastructure Investment with Steep Capital Outlay

The Finance Minister, Nirmala Sitharaman, has announced the Union Budget 2023 w...

What Jammu & Kashmir, Ladakh, Northeast & Agritech got from Budget 2023?

Addressing the parliament on the ongoing union budget session, Finance Minister...