SoftBank and Oyo Japan work together 'seriously' to turn profit

'We are more involved' to put hotel startup on track, mobile company's CEO says

An Oyo hotel room in Noida, near New Delhi (Photo by Akira Kodaka).

WATARU SUZUKI, Nikkei staff writer

February 7, 2020 21:17 JST

TOKYO -- The head of SoftBank Group's Japanese mobile unit on Friday said it was deepening its involvement in Indian startup Oyo's hotel business in Japan, with a focus on profitability.

SoftBank has a 25% stake in Oyo Hotels Japan, the Japanese joint venture. Since its launch last year, the business has been hit by disputes between hotel owners and a significant shortfall in its sales target.