Airbnb has confirmed that it has invested in OYO, an Indian company that manages budget hotels, as it prepares for a highly-anticipated IPO. Neither company would confirm the size of Airbnb’s investment, but it is rumored to be between $150 million and $200 million, according to TechCrunch. OYO, which stands for “On Your Own,” has now raised more than $1.5 billion from investors. The deal should help Airbnb increase its presence in India, which it […]
source https://therealdeal.com/2019/04/01/ahead-of-its-ipo-airbnb-makes-big-investment-in-indian-unicorn/
No comments:
Post a Comment