Indian budget hotel chain OYO Hotels and Homes announced that the company intends to inject $100 million in Indonesia.
The projected deal will enable OYO Hotels to strengthen its presence in the country within the next two years.
Recently, the company had purchased Danish data science firm Danamica for approximately $10 million.
In April this year, OYO raised $1.7 billion from SoftBank Group, Sequoia Capital, Lightspeed Venture Partners, Airbnb, Grab and Didi Chuxing.