An employee makes a bed at an Oyo-branded property in Bangalore, India. Photo: Bloomberg
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Airbnb Mulls Big Investment in Indian Hotel Startup

Photo: An employee makes a bed at an Oyo-branded property in Bangalore, India. Photo: Bloomberg

Airbnb is contemplating another big step into the hotel business, this time in India and China.

The travel giant is in discussions to invest in Indian hotel management startup Oyo, two people familiar with the matter said. If completed, the investment would likely be in the $100 million to $200 million range, one of the people said. It comes just weeks after Airbnb bought U.S. hotel booking startup HotelTonight for more than $400 million.

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