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Microsoft Funds Indian Hospitality Unicorn At $9.6B Valuation Despite Pandemic-Induced Downturn
Friday, August 20, 2021 - 3:38am | 354Microsoft Corp (NASDAQ: MSFT) has invested $5 million in SoftBank Group Corp (OTC: SFTBY)-backed Indian hotel aggregator chain Oyo Rooms, TechCrunch reported on Thursday, confirming earlier speculations. What Happened: The fresh funding values Oyo, which allows users to book rooms via their phones...
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Microsoft Nears Deal To Buy Stake In Indian Hospitality Unicorn Oyo Ahead Of IPO: Report
Thursday, July 29, 2021 - 10:38pm | 417Microsoft Corp (NASDAQ: MSFT) is in late-stage talks to pick a stake in SoftBank Group Corp (OTC: SFTBY)-backed Indian hotel aggregator chain Oyo Rooms that values the startup at $9 billion, TechCrunch reported on Thursday, citing a person familiar with the matter. What Happened: The...