OYO was badly affected due to travel restrictions; just raised money from Microsoft

OYO will work alongside Microsoft to co-develop new technologies for the hotel and tourism sector.

Carl Adrian

10 Sep, 2021

OYO was badly affected due to travel restrictions; just raised money from Microsoft | BEAMSTART News

- From our Sponsors -

OYO, the Indian hotel chain backed by SoftBank's Vision Fund, has just raised a new round of financing from Microsoft.

The 2 companies will work alongside each other to co-develop new products and technologies for the travel and hotel sector.

Key Highlights

  • The amount of money raised from Microsoft is undisclosed, and is reportedly part of an agreement to co-develop new travel + hospitality products and technologies.
  • One of such technologies is said to be a “smart room” for guests, which features self-performed check-ins, smart-locks, KYC services, IoT integration, and more.
  • As part of the investment deal, OYO will also begin adopting Microsoft's cloud service, Azure, as well as Microsoft 365 suite and GitHub Enterprise for technology development.

Why It Matters

  • Microsoft's investment in comes just before OYO goes public, which is scheduled to take place later this month.
  • In July, OYO raised $660 million in loans to pay off past debts and weather the pandemic, which affected the company badly due to travel-bans.
  • OYO presently has over 100,000 partners globally who use the company's solutions to manage their hotel businesses.

- From our Sponsors -

Latest Jobs

Legal Counsel, Asia

Gallons & Grapes Pte Ltd

Buona Vista, Singapore

Full Time

SGD 9000 — SGD 10500 monthly

English-Korean Freelance Transcriber in Singapore

Elite Asia


Contract / Freelance

Salary Undisclosed

Account Manager (Hybrid)


New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly



SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).