OYO’s platform offers budget and its own branded hotels, and the investment could see more OYO properties listed on Airbnb’s service. OYO has raised US$1.5 billion to date. (TechCrunch)
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OYO’s platform offers budget and its own branded hotels, and the investment could see more OYO properties listed on Airbnb’s service. OYO has raised US$1.5 billion to date. (TechCrunch)
Talking point: This is Airbnb’s latest effort to expand the properties available on its service ahead of an IPO this year. The company is valued at US$31 billion thanks to the size of its listings marketplace, which sat at six million before its acquisition of HotelTonight in early March. The acquisition also gives the San Francisco-based company a foothold in a key market: co-founder and chief strategy officer Nathan Blecharczyk said India is among its five fastest-growing markets.
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