Grab is expected to close the deal within this week, people aware of the matter said.
"We intend to invest over USD 100 million in this high growth market and plan to expand to the top 35 cities in Indonesia, including Yogyakarta, Bandung, Bali, over the next 15 months," OYO Founder and CEO Ritesh Agarwal said earlier.
Indonesia is one of the top choices for both global and Indian travellers and with OYO's market learning and expertise the company is ready to tap this opportunity, he added.
OYO also looks forward to create over 60,000 (direct and indirect) livelihood opportunities in Indonesia, Agarwal said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)