• Oyo wins investment

Singapore-based taxi app Grab is making a USD100m investment in Oyo Hotels. Grab is keen to support Oyo in its push into Indonesia, reports the Economic Times.

Oyo is currently raising a further USD1bn to fund growth into China, south east Asia and the UK. Grab is looking to expand its activities into grocery deliveries and healthcare.

Read the full story here:

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/singapore-firm-may-grab-100-million-ride-to-oyo/articleshow/66913990.cms

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