China's DiDi invests $100m in Indian hotel chain OYO's $1b round: Report

China's DiDi invests $100m in Indian hotel chain OYO's $1b round: Report

Ritesh Agarwal. Photographer: Samyukta Lakshmi/Bloomberg

A couple of months after Singapore-based ride-hailing firm Grab invested $100 million in OYO Hotels & Homes, Chinese ride-hailing giant Didi Chuxing has reportedly put in $100 million in the hospitality firm.

According to a report in The Economic Times, the investment made through DiDi-controlled entity Star Virtue Investment is part of Oyo’s recently-closed $1 billion round that valued the company at $5 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter