BANGALORE -- Gurugram-based hospitality chain Oyo Hotels & Homes -- one of the few "decacorn" (startups valued over $10 billion) companies from India -- is making quick moves, with a three-pronged strategy to consolidate its position as the world's third-largest hospitality company.
Oyo's parent company, Oravel Stays, has partnered with SoftBank Group-owned entity SB Topaz to set up two joint ventures in India: Mountainia Developers and Hospitality, and MyPreferred Transformation and Hospitality, local news outlet The Economic Times reported, citing Oravel's regulatory filings accessed by data platform Paper.vc.
