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Khazanah in Talks to Lead Oyo Hotel s $400 Million Fund Raise

(Bloomberg) Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round in Oyo Hotels & Homes Pvt., according to people familiar with the matter.Most Read from BloombergMusk Fails to Convince Tesla Investors to Overlook Slow GrowthBoeing Growth Plans Set Back as Regulator Blocks Higher OutputRussia Says Ukraine Downed Plane Carrying Prisoners for SwapHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainThe Indian hotel-booki

oyo funding: Khazanah in talks to lead Oyo Hotel s $400 million fund raise

Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round in Oyo Hotels & Homes Pvt., the Indian hotel-booking company backed by Softbank Group Corp. Oyo, founded by Ritesh Agarwal, filed for an IPO for the second time in March, but has not yet decided on the timing. The company is seeking funds for expansion and debt reduction.

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