Keyword: Softbank Vision Fund
The Series F funding round comes as the rapidly growing startup faces complaints from owners in India.
Reports suggest that Japan's SoftBank will buy out stakes of the economy startup's other investors.
Following significant growth in India and China and gaining ground in Europe and the Middle East, Oyo Hotels & Homes is now catering to Japanese demand.
China-based investor Tencent is in talks to lead a $300-500-million round of funding for the Oyo Rooms hotel brand.
A representative of Oyo stated the company "could not reach an outcome" after trying to find potential value in Zo Rooms.
China Lodging has claimed a less than 5 percent stake in Oyo to assist in its global expansion.