The pandemic was detrimental to the hospitality industry, as people were barred from traveling for more than a year. This has helped companies adapt to survive. Hospitality start-up Oyo has signed a “multi-year strategic alliance” with Microsoft to develop new travel and hospitality technologies that leverage Microsoft’s Azure cloud infrastructure and AI. ..
This was after it became clear that a US company was negotiating to invest in Oyo, followed by Microsoft. The two companies have announced that they will focus on improving the digital capabilities of small and medium-sized hotels, not just homestays. Microsoft is already investing in Indian start-ups.
Backed by celebrities such as SoftBank, Lightspeed Venture Partners and Greenoaks Capital, with a valuation of $ 9.6 billion, 8-year-old Oyo is one of the leading names in the hospitality industry. It was one of the many names that existed in India, Southeast Asia, Europe, and the United States and was hit hard by the…