Microsoft planning to invest in OYO ahead of its IPO launch
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After looking at the performances of various Indian firms including Zomato after their IPO launch, tech major Microsoft is planning to invest in Indian hotel chain Oyo at a $9 billion valuation. Microsoft is expected to strike a deal with OYO ahead of its IPO that is expected to launch by the end of this year. OYO Founder and CEO Ritesh Agarwal said earlier this month that the firm would consider launching an IPO.