Two people familiar with the matter said Airbnb has invested between $150 million and $200 million in Oyo as part of the Indian startup’s Series E funding round. “The key one is going to be making Oyo accommodation available on the Airbnb platform." Analysts say that Airbnb is increasingly becoming a broad-based travel company rather than just a home rental platform. While the home-rental platform has about 47,000 properties listed in India, globally Airbnb has almost 6 million listings across 81,000 cities in 191 countries. In India, Oyo is present in more than 259 cities, with more than 8,700 buildings and over 173,000 rooms, the hotel startup claims.

Source: Mint April 01, 2019 10:19 UTC