India's Oyo Rooms makes Philippines foray, to invest $50m in operations

India's Oyo Rooms makes Philippines foray, to invest $50m in operations

Ritesh Agarwal. Photographer: Samyukta Lakshmi/Bloomberg

Unicorn startup Oyo Rooms plans to invest $50 million over time as it forays into the Philippines, after launching in other South Asian markets, including Indonesia and Malaysia, the company said in a statement.

Bring stories like this into your inbox every day.

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