Microsoft invests $5 million in SoftBank-backed Oyo ahead of its expected IPO

Microsoft invested $5 million (about Rs. 37.15 crores) in Oyo, backed by SoftBank, according to a regulatory document, ahead of the Indian hotel chain’s plan to go public. Oravel Stays Pvt Ltd (Oyo) approved on July 16th the issuance of shares and convertible cumulative preferred shares in the amount of Rupees equivalent to $5 million … Read more