Microsoft to buy stake in Oyo at $9 billion valuation Microso | Pre-IPO Watch

Microsoft to buy stake in Oyo at $9 billion valuation

Microsoft is typical late stage investor, risk of their investment becoming zero or is also very low. Given the pandemic they are bound to be getting a good deal and once the travel market opens up in India they will be having the firepower.

OYO is likely to use Microsoft’s Azure cloud infrastructure post the strategic investment.
Azure is Microsoft's public cloud computing platform which provides cloud services such as analytics, storage, computing and networking.

Oyo had become the world’s second-largest hotel chain in 2019 before the pandemic and is now third most downloaded app after Airbnb and Booking.com.

In the last couple of years OYO has completely revamped its model from offering minimum guarantee to now running its operations purely on a revenue sharing model with partner hotels.

#preipo #OYO

https://m.economictimes.com/tech/startups/microsoft-finalises-strategic-investment-in-oyo-at-9-billion-valuation/articleshow/84872260.cms