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2021-08-20
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Microsoft Funds Indian Hospitality Unicorn At $9.6B Valuation Despite Pandemic-Induced Downturn
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Funds Indian Hospitality Unicorn At $9.6B Valuation Despite Pandemic-Induced Downturn\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-20 15:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> </b>has invested $5 million in <b><a href=\"https://laohu8.com/S/SFTBY\">Softbank Group Corp</a></b>-backed Indian hotel aggregator chain <b>Oyo Rooms</b>, TechCrunchreportedon Thursday, confirming earlier speculations.</p>\n<p><b>What Happened:</b> The fresh funding values Oyo, which allows users to book rooms via their phones or the web and has navigated through the pandemic with layoffs and losses, at $9.6 billion.</p>\n<p>The startup was valued at $10 billion in a funding round in July 2019 but due to the hit taken amid the pandemic, its valuation slipped to $3 billion in recent quarters as implied in a funding from Japan's Softbank, which is one of its largest investors.</p>\n<p>Last month, Oyo said it had raised $660 million in debt.</p>\n<p><b>Why It Matters:</b> Microsoft has in the past made investments in Indian startups that include news aggregator and short-video platform DailyHunt, <a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a>-owned e-commerce giant Flipkart, and logistics SaaS firm FarEye.</p>\n<p>The deal may require Oyo, which is considering an initial public offering, to use Microsoft’s cloud services, the report noted.</p>\n<p><b>Price Action:</b> Microsoft shares closed 2.08% higher at $296.77 on Thursday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187650059","content_text":"Microsoft has invested $5 million in Softbank Group Corp-backed Indian hotel aggregator chain Oyo Rooms, TechCrunchreportedon Thursday, confirming earlier speculations.\nWhat Happened: The fresh funding values Oyo, which allows users to book rooms via their phones or the web and has navigated through the pandemic with layoffs and losses, at $9.6 billion.\nThe startup was valued at $10 billion in a funding round in July 2019 but due to the hit taken amid the pandemic, its valuation slipped to $3 billion in recent quarters as implied in a funding from Japan's Softbank, which is one of its largest investors.\nLast month, Oyo said it had raised $660 million in debt.\nWhy It Matters: Microsoft has in the past made investments in Indian startups that include news aggregator and short-video platform DailyHunt, Wal-Mart-owned e-commerce giant Flipkart, and logistics SaaS firm FarEye.\nThe deal may require Oyo, which is considering an initial public offering, to use Microsoft’s cloud services, the report noted.\nPrice Action: Microsoft shares closed 2.08% higher at $296.77 on Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/836919668"}
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