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SoftBank-backed Oyo merging Japan operations and appointing new CEO

The reorganisation involves Oyo's hotel-booking and apartment-rental units coming together into a single company called Oyo Japan, to be led by Ryoma Yamamoto as CEO

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Japan has been a focal point for Oyo’s international expansion due to Son’s endorsement and association with the SoftBank brand name, which is ubiquitous in the country

Takahiko Hyuga | Bloomberg

2 min read Last Updated : Aug 04 2020 | 1:59 AM IST

Oyo, the Indian hotel-booking startup backed by Masayoshi Son’s SoftBank Group, is merging its operations in Japan and appointing a new chief executive officer to oversee the combined entity.

The reorganisation involves Oyo’s hotel-booking and apartment-rental units coming together into a single company called Oyo Japan, to be led by Ryoma Yamamoto as CEO with Ryota Tanozaki as his deputy, both promoted from senior roles in the existing Oyo operations.

Japan has been a focal point for Oyo’s international expansion due to Son’s endorsement and association with the SoftBank brand name, which is ubiquitous in the country. The company operated Oyo Hotels

Topics : SoftBank Oyo

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