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Chinese ride-hailing giant Didi Chuxing has recently invested $100 million in hospitality chain Oyo Hotels & Homes.
This brings to a close Oyo’s $1 billion financing round led by existing backer SoftBank Vision Fund, which has pumped $800 million into the company along with the existing investors.
Singapore-based transportation major Grab infused $100 million in the Gurgaon-based startup in December last year, reported ET.
IndusLaw acted for Oyo and the team was led by Partner Avimukt Dar along with Principal Associate Nitin Gera, Senior Associate Nikita Goyal and Associates Vishakha Sharma and Kumar Gaurav.
Cyril Amarchand Mangaldas acted for SoftBank and the team was led by Partner Shishir Vayttaden. Morrison & Foerster LLP Hong Kong Partner Amit Kataria also acted for SoftBank.
Gunderson Dettmer Partner Jonathan C. Pentzien acted for existing investors LSVP and Greenoaks Capital
Themis Law Associates acted for existing investor Sequoia Capital with a team led by Partner Amritha Salian.