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SoftBank leads $1.5bn fresh investment into India's Oyo

Hotel startup will use the capital to expand in the US and Europe

An OYO hotel in India: The startup is growing fast by turning existing hotels into franchises. (Photo by Akira Kodaka)

MUMBAI -- Indian hotel startup Oyo said Monday it will raise $1.5 billion in a fundraising round to be led by the founder along with Japanese tech conglomerate SoftBank Group.

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