This investment, which is being touted at around $150-200 million, is part of Oyo's Series E funding. As part of this strategic investment, Oyo’s listings will appear on the Airbnb platform, thereby increasing Oyo’s international presence and also strengthening Airbnb’s presence in the Asian markets. The Oyo-Airbnb deal will open up Oyo’s 10,000 homes and villas listings on Airbnb in India, Dubai and a few other markets. Airbnb will look at ways to make Oyo listings available on its platform, the San Franciso-based firm said. In India, Oyo is present in over 259 cities, with more than 8,700 buildings and over 173,000 rooms, claims the company.

Source: Mint April 01, 2019 10:17 UTC