Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Microsoft in talks to back India’s Oyo By: TechCrunch July 29, 2021 at 15:13 PM EDT Indian budget hotel chain Oyo may have lost a lot of business amid the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of talks to invest in Oyo, according to two people with knowledge of the matter. The size of the investment and the valuation are unclear. […] Indian budget hotel chain Oyo may have lost a lot of business amid the pandemic, but it is inching closer to finding a new investor: Microsoft.Microsoft is in advanced stages of talks to invest in Oyo, according to two people with knowledge of the matter. The size of the investment and the valuation are unclear.Oyo was valued at about $10 billion in 2019, though as of earlier this year SoftBank, a major investor in Oyo, had slashed the Indian startup’s valuation to $3 billion.Microsoft and Oyo founder and chief executive Ritesh Agarwal declined to comment Thursday evening. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Microsoft in talks to back India’s Oyo By: TechCrunch July 29, 2021 at 15:13 PM EDT Indian budget hotel chain Oyo may have lost a lot of business amid the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of talks to invest in Oyo, according to two people with knowledge of the matter. The size of the investment and the valuation are unclear. […] Indian budget hotel chain Oyo may have lost a lot of business amid the pandemic, but it is inching closer to finding a new investor: Microsoft.Microsoft is in advanced stages of talks to invest in Oyo, according to two people with knowledge of the matter. The size of the investment and the valuation are unclear.Oyo was valued at about $10 billion in 2019, though as of earlier this year SoftBank, a major investor in Oyo, had slashed the Indian startup’s valuation to $3 billion.Microsoft and Oyo founder and chief executive Ritesh Agarwal declined to comment Thursday evening.