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Oyo pledges $800m to upgrade hotels in India and China

SoftBank-backed unicorn uses enlarged war chest to bolster presence

An Oyo hotel in Noida, near New Delhi. (Photo by Akira Kodaka)

NEW DELHI -- Flush with funds, low-cost hotel startup Oyo plans to invest $800 million to bolster its presence in India and China, the two countries it describes as "home markets."

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