India to probe MakeMyTrip & Softbank-funded Oyo

Indian regulators have opened antitrust investigations into hotel-booking giant MakeMyTrip and SoftBank-backed startup Oyo, officials said Wednesday. The probes are the latest blow to Japan’s SoftBank, a major backer of startups that is already facing questions over the profitability of its investments in US-based ride-hailing platform Uber and office-sharing firm WeWork. The Competition Commission of […]