Indian unicorn Oyo moves into Japan's rental market

TOKYO -- Oyo Hotels, the Indian budget hotel operator and one of the country's biggest startups, is moving into Japan with a rental apartment service targeting millennials.

Oyo Technology & Hospitality Japan, a joint venture between Oyo and Yahoo Japan, on Wednesday said it will launch a service in early March that will enable users to find, rent and leave apartment rooms using a smartphone app.