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Oyo Hotels, one of the largest startups in SoftBank Group Corp.’s portfolio, is dramatically shrinking its footprint and head count in Japan as bookings in the country plunge due to travel restrictions.

The Indian startup slashed its regional presence by closing offices in Sapporo, Sendai, Nagano, Hiroshima and Omiya, Saitama Prefecture, at the end of June, Chief Business Officer Ryota Tanozaki said in an interview.

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