SoftBank-backed OYO to invest $200m in expanding India, South Asia ops

SoftBank-backed OYO to invest $200m in expanding India, South Asia ops

An employee makes a bed in a room at an an Oyo Townhouse in Bengaluru on Sept. 11. Photographer: Samyukta Lakshmi/Bloomberg

Armed with funds, the fast-growing Indian hospitality company Oyo Hotels & Homes (OYO) on Tuesday said it will invest Rs 1,400 crore ($200 million) to expand its businesses within the country and in South Asia, particularly Nepal, in 2019.

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