Microsoft has entered a “multi-year strategic alliance” with Oyo to work with the Indian startup to co-develop “next-generation” travel and hospitality products and tech.
Thursday’s announcement confirms a late July TechCrunch report. TechCrunch had reported that Microsoft was in talks to invest in Oyo and was exploring ways to provide its technologies to the Indian startup, which is one of the most valuable in the South Asian market.
In a press statement, Microsoft confirmed that it has also made a strategic equity investment in Oyo, but didn’t disclose the amount. A regulatory filing showed last month that the Windows-maker had invested $5 million in the Indian startup. The investment