Microsoft backs India’s Oyo ahead of IPO
TechCrunch
AUGUST 19, 2021
Microsoft has invested $5 million in Indian budget hotel chain Oyo, according to a regulatory filing this week. But some of its missteps — “toxic culture,” lapse in governance and relationship with many hotel owners — have scarred its growth. The investment confirms a TechCrunch scoop from last month. in recent years.
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