OYO, a Softbank-backed hospitality company, plans to hire over 300 technology professionals across entry-level to senior leadership roles, including software development, engineering, product managers, designers, and data scientists.

The expanded design, product, and engineering teams will be in charge of creating long-term capabilities for OYO from the ground up and updating the current tech stack.

The travel technology company plans to launch several innovations and make technology investments in order to increase revenue for hotel owners while improving customer experience.

OYO has a tech stack of over 50 products and 500 microservices, including consumer and partner apps like OYO, OYO OS, and Co-OYO, as well as several applications powered by artificial intelligence, machine learning, and analytics, like tariff manager, a dynamic pricing app.

The hire will be critical in hastening OYO's transformation into a global full-stack technology provider for small and mid-sized hotels and homes.

According to the company, it is the third most downloaded travel app in the world.

OYO has already begun onboarding over 50 mid-level tech talent as well as approximately 150 campus recruits from top universities across India. In addition, approximately 100 offers will be distributed during the upcoming placement season.

"At OYO, we believe in the philosophy to keep the ‘geek’ alive in our techies. We don’t put our talent in a box. Instead, we allow them to think big and think differently. We’ve been blessed to have a diverse pool of tech talent and believe that each new bright mind will bring gripping ideas to the table, ultimately leading towards our goal to build a tech-first global platform that truly sets the tone for the future of travel," said Ankit Mathuria, Chief Technology Officer, OYO.

"Over the past year and a half, we’ve been doubling down on our technology and pioneered several industry-first innovations to enhance customer experiences and maximise revenues for SMEs of hotels and homes. As an organisation that is deeply committed to solving problems with technology, inducting top tech talent is a key priority for us," said Dinesh Ramamurthi, Chief Human Resources Officer, OYO.

The company will offer a combination of fixed pay, bonuses, and stock options to all employees, including new hires. The news comes at a time when OYO is raising a $9 billion strategic round from global IT firm Microsoft.

Prior to this, the homegrown firm announced the completion of a $660 million debt financing round from global institutional investors such as Fidelity Investments, Citadel Capital Management, and Varde Partners, with the goal of retiring some of its existing debts and expanding its operations and product technology.

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