India Digest: FMO invests in Aavishkaar; Oyo in talks to raise fresh funding

Aavishkaar Group, India’s biggest impact investor by size of investments, has raised $37 million from Dutch development bank FMO. In a separate development, Oyo Hotels and Homes, the world’s third-largest and fastest-growing chain of hotels, homes, and living space, has reportedly initiated talks to raise a fresh round funding.