Softbank-Backed OYO To Acquire Fresh Menu In $50-60 Million

With $1 billion in its pocket, OYO has been on an acquisition spree in 2019. After Innov8 and Keys Hotels, the company is now involved in due diligence of Fresh Menu. The deal is slated to be worth $50-60 million…

Oyo Gets $100 Million From China’s Ride-Hailing Giant Didi Chuxing

Gurgaon-headquartered hospitality company Oyo has raised $100 million from Star Virtue Investment. An entity controlled by the Chinese cab-hailing giant Didi Chuxing, according to the report. The funding took place on 22nd January. It is meant to be a part…