Khazanah in talks to lead Oyo’s fundraise

The Indian hotel-booking company backed by Softbank Group Corp is seeking to raise funds for expansion and to cut debt.

KUALA LUMPUR: Khazanah Nasional Bhd, the country’s sovereign wealth fund, is in discussions to lead a US$400mil (RM1.89bil) funding round in Oyo Hotels & Homes Pvt, according to people familiar with the matter.

The Indian hotel-booking company backed by Softbank Group Corp is seeking to raise funds for expansion and cutting debt, the people said, asking not to be named as the information is not public.