Airbnb makes play for Oyo investment

ust days after announcing its plans to acquire travel app HotelTonight for more than $400 million, home-sharing giant Airbnb apparently is setting up another major investment.

The company has cast its eyes on Indian hotel-management startup Oyo, according to tech website The Information, and is looking to acquire a significant stake for what could be between $100 million and $200 million.

An Oyo spokeswoman told the site that the company “is working closely with a range of global distribution partners such as Airbnb and other regional and global players,” and that none of these relationships are “exclusive in nature.”