In brief: Airbnb mulls major investment in Oyo, says report

• Airbnb is contemplating another big step into the hotel business, this time in India and China.
• The travel giant is in discussions to invest in Indian hotel management startup Oyo.
• It comes just weeks after Airbnb bought U.S. hotel booking startup HotelTonight for more than $400 million.
• Airbnb would be joining a slate of high-powered investors in the Indian firm, including SoftBank, Sequoia Capital and Grab.

Source: The Information

See: With Softbank funding, Oyo’s outsized ambitions now extend beyond hotel bookings