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startups asia

Indian Hotel Startup Oyo Has $1 Billion for Operations

By
Wayne Ma
· · Source: Bloomberg

The founder and CEO of Oyo Hotels, the SoftBank-backed Indian startup, said it has about $1 billion to fund its operations, Bloomberg reported. The comments come after Oyo booked losses and laid off thousands amid the Covid-19 pandemic, which has drastically reduced demand for travel. Oyo also has struggled to make much headway in the U.S., The Information previously reported . Speaking to...

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