KUALA LUMPUR: Khazanah Nasional Bhd is keeping a cautiously resilient outlook for 2024, stressing that the global macroeconomic and market environment is expected to remain, on top of a significant global election cycle this year involving 76 countries.
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round in Oyo Hotels & Homes Pvt., the Indian hotel-booking company backed by Softbank Group Corp. Oyo, founded by Ritesh Agarwal, filed for an IPO for the second time in March, but has not yet decided on the timing. The company is seeking funds for expansion and debt reduction.
Wow! Momo Foods: The investment will be made through both primary infusion and secondary purchase from early-stage investors, Indian Angel Network and Lighthouse Funds. Existing investor Oaks Asset Management also infused an additional Rs 60 crore in this round.