Microsoft is in talks to invest in the startup of budget hotels in India Oyo

An OYO Rooms brand displayed on a smartphone.

Photographs SOPA | LightRocket | faux photos

Oyo has expanded past India and entered markets within the US, Europe and Southeast Asia.

Nonetheless, questionable ways forged doubt on the Indian start-up’s well being, based on studies final yr. The coronavirus pandemic defined the scenario and compelled the resort chain to fire employees to scale back prices and losses.

With vaccination charges rising and nations slowly easing restrictions, journey demand is slowly recovering. Final month, Oyo founder and CEO Ritesh Agarwal informed CNBC that the corporate’s every day bookings for the summer time season doubled in Europe, the place the vaccination charge is comparatively excessive.

CNBC’s Naman Tandon contributed to this report. | Microsoft is in talks to put money into the startup of price range inns in India Oyo


Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button