You are here

Coronavirus hits another SoftBank star as Oyo furloughs thousands of workers

With travel at a standstill, hotel rooms empty and losses rising, Oyo is struggling to survive the Covid-19 pandemic.


JUST nine months ago, Masayoshi Son publicly declared Ritesh Agarwal one of the star entrepreneurs backed by his SoftBank Group.

The Japanese billionaire boasted that Mr Agarwal's Oyo Hotels & Homes was poised to overtake the biggest hotel chains in the world just a few...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to