Microsoft invests $5 million in OYO at $9.6 billion valuation
In July 2021 it was reported that Microsoft was looking to invest an undisclosed amount of money in the hospitality firm ahead of its initial public offering (IPO).
OYO Hotels
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Oyo obtains $660 million funding in a debt financing round
The company is looking forward to utilize these funds to pull back its past debts, strengthen the balance sheets along with developing the product technology.
Oyo Hotels fires employees post COVID-19 economic meltdown
Recently, two months after hospitality king Oyo aka Oravel Stays Pvt Ltd fired staff.In order to save cash, the company has now informed employees in the US. A large number of them will have to be eliminated from the firm.
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