Airbnb invests in Oyo's Series E funding round
1 April 2019 3:47 PM IST
The Airbnb-Oyo deal, touted at $150-200 million, is aimed at strengthening Airbnb's hotel booking business.The Airbnb-Oyo deal will see Oyo listings appear on the Airbnb platform, which benefits both the startups
- Airbnb Inc. has made a strategic investment in Indian hotel startup Oyo, in a bid to strengthen its hotel booking business, the US-based firm said on Monday.
- "Emerging markets like India and China are some of Airbnb's fastest-growing, with our growth increasingly powered by tourism to and from these markets," said Greg Greeley, president of homes at Airbnb.
- Airbnb will look at ways to make Oyo listings available on its platform, the San Franciso-based firm said.
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