Oyo rejigs leadership team

Travel technology firm Oyo on Friday announced a major reshuffle in its top leadership, elevating five executives to senior roles while confirming the departures of two key leaders — global COO and chief product officer Abhinav Sinha, and president-OYO Europe Ayush Mathur.

The Softbank-backed firm said that Sinha will transition to an advisory role starting January, with plans to launch his startup venture. Meanwhile, Mathur is departing to build his startup. So far, more than 60 former employees have gone on to establish their ventures following their tenures at Oyo in the past.