OYO in talks with Grab to raise $100mn as part of $1bn round

Hospitality startup OYO is reportedly in advanced talks with Southeast Asian ride-hailing startup Grab to raise $100 million as part of its ongoing $1-billion funding round. The investment would be at the $5-billion valuation that OYO received in September when it raised $800 million led by SoftBank. About $600 million from this would be used for OYO’s operations in China.