• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

    5 Ways To Promote Your Mobile App In A Smarter Way

    Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

    How To Get Your App The Most Downloads On The Apple App Store

    Upcoming-App-Events-in-2023-Appedus

    Upcoming App Events in 2023

    Why-Mobile-Marketing-is-The-Future--Appedus

    Why Mobile Marketing is The Future?

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Free-Android-Meme-Maker-Appedus

      5 Best Free Android Meme Maker

      Zerodha Kite App Review

      Zerodha Kite App Review: A great way to start investing

      Crello App Review

      Crello App Review 2022 | An Attractive Editing Tool

      8fit App Review

      8fit App Review 2022 | Workouts and Meal Planner

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

      How To Get Your App The Most Downloads On The Apple App Store

      Upcoming-App-Events-in-2023-Appedus

      Upcoming App Events in 2023

      Why-Mobile-Marketing-is-The-Future--Appedus

      Why Mobile Marketing is The Future?

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Free-Android-Meme-Maker-Appedus

        5 Best Free Android Meme Maker

        Zerodha Kite App Review

        Zerodha Kite App Review: A great way to start investing

        Crello App Review

        Crello App Review 2022 | An Attractive Editing Tool

        8fit App Review

        8fit App Review 2022 | Workouts and Meal Planner

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Featured

      OYO raises $5M from Microsoft at a valuation of $9.6B

      OYO, a worldwide platform that connects entrepreneurs and small companies with hotels and residences, will use Microsoft's cloud services as part of the acquisition.

      by Editorial Team
      August 21, 2021
      in Featured, Funding, News-Curated
      Reading Time: 3 mins read
      0
      OYO
      Share on FacebookShare on Twitter

      Main Highlights

      • Microsoft has invested $5 million in Gurugram-based hotel business Oyo (RoC)
      • The deal is part of the company’s Series F2 round and values OYO at $9.6 billion
      • According to a filing with the Ministry of Corporate Affairs, OYO has assigned five equity shares and 80 preference shares to Microsoft Corporation at an issue price of $58,490 per share
      • OYO will use Microsoft’s cloud services as part of the acquisition

      According to documents with the Registrar of Companies, Microsoft has invested $5 million in Gurugram-based hotel business Oyo (RoC). The deal is part of the company’s Series F2 round and values OYO at $9.6 billion. 

      According to a filing with the Ministry of Corporate Affairs, OYO has assigned five equity shares and 80 preference shares to Microsoft Corporation at an issue price of $58,490 per share in order to raise $5 million. OYO will use Microsoft’s cloud services as part of the acquisition. The transaction takes place against the backdrop of OYO’s preparations for an initial public offering (IPO).

      How will OYO utilize the funds?

      OYO has stated that it will double focus on its tech and product teams over the next six months by employing more than 300 technology experts spanning entry-level to senior leadership roles, including software developers, engineers, product managers, designers, and data scientists. It stated that it is looking for full-stack teams, Android and iOS engineers, with essential skill sets and expertise in Machine Learning, Data Engineering, and Information Security.

      OYO Rooms, formerly OYO Hotels & Residences, is an Indian international hospitality business that operates leased and franchised hotels, homes, and living spaces. OYO was founded in 2013 by Ritesh Agarwal and initially comprised mostly of low-cost hotels.

      The company expanded globally, with thousands of hotels, vacation homes, and millions of rooms in over 80 countries, including India, Malaysia, the United Arab Emirates, Nepal, China, Brazil, Mexico, the United Kingdom, the Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States, and others. SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb, and China Lodging Group are among the company’s investors.

      oyo founder

      OYO is a worldwide platform that connects entrepreneurs and small companies with hotels and residences by offering full-stack technology that boosts revenues and simplifies operations. Providing travelers with inexpensive and dependable lodging that can be booked quickly.

      OYO now employs over 17,000 people worldwide, with about 8000 of them based in India and South Asia. OYO Hotels & Homes is a full-service hotel business that rents and franchises properties. The firm invests in capital expenditures, appoints general managers to supervise operations and customer experience, and creates about a million employment possibilities in India and South Asia alone.

      In addition, OYO has established 26 training colleges for hospitality aficionados across India. In April 2019, the firm announced the introduction of the OPEN program, an effort designed to assist its partner hotels in meeting their business objectives. It also launched an updated Co-OYO app for hotel partners, which provides a comprehensive insight into all business and consumer KPIs.

      Future goals for OYO

      The increased design, product, and engineering teams will be in charge of creating long-term capabilities for OYO from the ground up as well as updating the present tech stack. OYO went on to say that the hire will be important in advancing the company’s transformation into a worldwide full-stack technology supplier for small and mid-sized hotels and residences.

      OYO has been aiming to expand its range of hospitality-related technological solutions. Its tech stack includes consumer and partner apps such as OYO, OYO OS, and Co-OYO, as well as several applications powered by AI, machine learning, and analytics, such as Tariff Manager, a dynamic pricing app; OTA (online travel agents) performance management, Discover OYO; personalized recommendations, and Yo! Chatbot, among others.

      When OYO announced its $660 million Term Loan B (TLB) fundraising from global institutional investors in July, it stated that the funds will be used to repay past obligations, improve the balance sheet, and for other business reasons, including investment in product innovations.

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      BBC Learning English App

      BBC Learning English App Review 2021 | Amazing English-learning app

      Weekly Newsletter

      Top Apps This Week

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies
      Featured

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies

      by Editorial
      January 7, 2023

      Today’s announcement by Google of a new feature for their...

      Read more
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      December 31, 2022
      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      December 26, 2022
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      5 Best Android App Development Tools and Platforms

      5 Best Android App Development Tools and Platforms

      January 11, 2023
      How To Be A Good Android Developer

      How To Be A Good Android Developer

      January 10, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version