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Microsoft Set To Invest In Indian Hospitality Chain OYO At $9 Billion Valuation: Report


Microsoft Set To Invest In Indian Hospitality Chain OYO At $9 Billion Valuation: Report
OYO logo
United States based technology giant Microsoft is in advanced stages of talks to invest in Indian hotel chain Oyo at a valuation of $9 billion, reports
Tech Crunch.
According to the report, a deal is expected to close between both the companies as soon as Friday (30 July). However, the proposed size of the investment is unclear.
The proposed deal is likely to also involve the Ritesh Agarwal-led Oyo shifting to use Microsoft’s cloud services.
The valuation of Oyo was at about $10 billion in 2019 but has been slashed to $3 billion by Softbank, a major investor in the startup, in the recent quarters. ....

United States , Ritesh Agarwal Led Oyo , Southeast Asia , ஒன்றுபட்டது மாநிலங்களில் , சாப்ட் பேங்க் , ரித்தேஷ் அகர்வால் வழிநடத்தியது ஓயோ , தென்கிழக்கு ஆசியா ,

Will Oyo have to really give 7% shareholding to Zostel?


Will Oyo be forced to give 7% equity to Zostel?
The matter goes back to 2015 when Zo Rooms and Ritesh Agarwal-led Oyo started merger talks. Next year, the deal was called off by Oyo. In 2018, Zo approached the Supreme Court which directed to start the arbitration process
Manu Kaushik | March 16, 2021 | Updated 22:56 IST
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Recently, an arbitral tribunal ruled in favour of Zostel Hospitality, a chain of backpackers hostels, in its three-year-old legal battle with SoftBank backed-Oyo Hotels and Homes. Under the deal, Oyo was supposed to acquire Zostel s business. In return, it was expected to give 7 per cent shareholding to Zostel. Zostel claimed that it has transferred its entire business but Oyo refused to transfer shareholding. ....

Supreme Court , Oyo Hotels , High Court , Zostel Hospitality , Chief Justice , Ritesh Agarwal Led Oyo , Oyo Hotels And Homes , Chief Justice Of India , Sam Ahmadi , Zo Rooms , Ritesh Agarwal , உச்ச நீதிமன்றம் , ஓயோ ஹோட்டல் , சாப்ட் பேங்க் , உயர் நீதிமன்றம் , ஜொஸ்தேல் விருந்தோம்பல் , தலைமை நீதி , ரித்தேஷ் அகர்வால் வழிநடத்தியது ஓயோ , ஓயோ ஹோட்டல் மற்றும் வீடுகள் , தலைமை நீதி ஆஃப் இந்தியா , ஸோ அறைகள் , ரித்தேஷ் அகர்வால் ,