Airbnb to Invest $100-200 Million in India's OYO-Source

(Reuters) - Home-renting company Airbnb will invest between $100 (76.35 million pounds) and $200 million in SoftBank Group-backed Indian hotel start-up OYO, a source with direct knowledge of the matter told Reuters, as it dives deeper into the hotel-booking business.

Airbnb said earlier on Monday it has invested in OYO’s latest funding round and it will look at ways to make the Indian start-up’s accommodation available on its platform. It did not disclose details of the deal.