SoftBank's Oyo reveals over $330 million annual loss; revenue surges - valuation report
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BENGALURU (Reuters) - SoftBank-backed Oyo Hotels and Homes' losses ballooned sixfold in the year to March, while its revenue more than quadrupled, a valuation report filed by the India-based hotel chain with local regulators showed on Monday.The losses highlight a period of rapid expansion by Oyo into markets such as China, the United States and the United Kingdom, which has made the six-year-old startup one of the world's biggest hotel chains by room count.Oyo reported a net loss of 23.85..