OYO launches tech development centre in Hyderabad

"The development aligns with the company's vision to build cutting edge in-house technology to solve supply-demand imbalance in real-estate and hospitality," it said in a statement.

"Primarily an engineering centre, it will focus on developing innovative products for customers, partners and employees," the company said.

OYO has appointed Priyank Choudhary, who joins the company as vice president – engineering, to head the centre.

Additionally, he will lead Micro Markets and New Products technology.

Anil Goel, CTO of OYO, said, "Our new tech development centre in Hyderabad will drive our operations across the country and internationally.

"It will serve as the COE for machine learning and artificial intelligence initiatives of OYO. Our focus will also be on developing effective customer engagement strategies, understanding their behaviour better and offering a personalised and superior experience."