• Grab invests $100 million OYO to drive into Southeast Asian market

    6 monthes ago - By Travel and Tourworld

    Grab, Singapire based ride hailing company has invested about $100 million in Oyo Hotels & Homes, the Gurgaon-based hospitality chain said in a filing with the Registrar of Companies on Thursday.
    A1 Holdings Inc, a Cayman Islands-registered entity controlled by Grab, has been issued 2,884 cumulative convertible preference shares at a price of $34,670 each, as part of the SoftBank Vision Fund-backed Oyo's Series E equity financing round, according to the RoC filing, which was accessed by data research platform Tofler.
    As per calculations, Grab has invested Rs 732.73 crore in hotel...
    Read more ...