FILE PHOTO: The logo of OYO, India's largest and fastest-growing hotel chain, is seen installed on a hotel building in New Delhi, India, April 3, 2019. REUTERS/Adnan Abidi/File PhotoThe size of the investment and the valuation were unclear, the report said.The deal may involve Oyo shifting to use Microsoft's cloud services, the report added.
The hotel aggregator, in which SoftBank Group Corp owns 46per cent stake and is one of its biggest bets, has endured months of layoffs, cost cuts and losses since the COVID-19 pandemic outbreak last year.
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