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Oyo may cross $2 Bn valuation with upto $500 Mn probable from Tencent

Tuesday, July 24, 2018, 3:46 PM

Gurugram-based hotel chain OYO may become India's next unicorn as Chinese Internet company Tencent is reportedly planning to invest $300-$500 million at a valuation of over $2 billion. This comes after SoftBank reportedly asked OYO to look for a new investor for the fresh round. Tencent and SoftBank have invested together only once in India, for ride-hailing startup Ola cabs.