Microsoft finalizes deal to invest in hotel chain Oyo
(Windows Phone Central)

Microsoft continues to back startups in India with an investment in hotel chain Oyo. What you need to know Microsoft has agreed to invest $5 million in hotel chain Oyo, according to regulatory filings. The deal could include Oyo moving to Microsoft`s Azure cloud service. Rumors of a deal between Oyo and Microsoft first emerged in July 2021. Microsoft will invest $5 million in hotel chain Oyo, according to regulatory filings (via Yahoo). Oyo`s estimated value is $9.6 billion, so Microsoft`s investment in the Softbank-backed hospitality company is a relatively small 0.52% of the valuation. Many details of the investment have not been disclosed, according to reports. Reports by TechCruch from July 2021 say that the deal could include Oyo switching to Microsoft`s Azure cloud service. According to sources familiar with the situation, Oyo is considering going public this year. Oyo, founded in 2013, is the sixth-largest hotel chain in the world, according to its CEO Ritesh Agarwal. ...