Khazanah Considering OYO Stake
Posted on 01/27/2024
Khazanah Nasional Berhad, Malaysia’s SWF, is looking into leading a US$ 400 million funding round for India-based Oyo. Oyo is backed by Masayoshi Son’s Softbank. Oyo is currently not profitable, but with the fundraise is hoping to turn its fortunes around. The total valuation of Oyo is estimated to be approaching US$ 6 billion, substantially…
