Oyo to invest $335M in vacation rental business in Europe push

Indian budget hotel booking startup Oyo will invest 300 million euros ($335 million) in its vacation home rental business, it said Wednesday, as it looks to expand its footprint in Europe and possibly closely compete with global giant Airbnb, one of its investors. The Gurgaon-based startup, which acquired Amsterdam-based holiday rental company Leisure in May […]

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India’s GoWork raises $53M in debt financing to expand its co-working spaces business

GoWork, a Gurgaon-based startup that runs a co-working spaces business in India, said on Tuesday it has raised $53 million in a debt round to scale its business in the country as competition in the market, including from recent entrant Oyo Rooms, intensifies. The debt round for the two-year-old startup — not to be confused […]

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Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it valuation beyond $1 billion. The investment is led by GIC, a Singapore sovereign wealth fund, and Booking Holdings, the U.S. firm behind […]

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India’s OYO enters Japan in partnership with SoftBank

Fresh from closing a notable investment from Airbnb, India’s OYO has expanded its footprint into Japan. The move comes through a joint venture with investor SoftBank — which led OYO’s $1 billion round last year through its Vision Fund — which will cover hotel-based accommodation and home rentals. Financial details around the joint venture were […]

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Airbnb confirms $150M-$200M investment in India’s OYO

Airbnb is continuing to widen its focus beyond ‘unconventional’ hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has picked today (April Fool’s Day) to confirm that it invested in India’s OYO — a startup that manages budget hotels and other stays. The deal has been […]

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Google tends to make emails a lot more dynamic with AMP for E-mail

Google today officially launched AMP for Email, its effort to turn emails from static documents into dynamic, web page-like experiences. AMP for Email is coming to Gmail, but other major email providers like Yahoo Mail (which shares its parent company with TechCrunch), Outlook and Mail.ru will also support AMP emails. It’s been more than a […]

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Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a […]

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