Indian unicorn Oyo moves into Japan's rental market
Joint venture with Yahoo Japan marks first overseas foray of home management business
- 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.
- Oyo Living, launched in October, is a rental service for fully furnished houses in Bangalore and other Indian cities.
- The company has "big plans" for introducing the hotels business in Japan in the future, the people said.