Oyo Buys Airbnb Management Platform MadeComfy for Over $50 Million

Oyo buys MadeComfy in $50 million deal

Reading Time: 2 minutesAustralia: Sydney short-term rental management platform MadeComfy has been acquired by Oyo. The deal gives Oyo, which was founded by 31-year-old Indian billionaire Ritesh Agarwal, access to the Australian and New Zealand markets. It already operates in more than 35 countries, managing nearly 233,000 properties and is backed by SoftBank, Airbnb, Microsoft, and Lightspeed Venture Partners. The deal is reportedly worth $50 mi…

Oyo Buys Airbnb Management Platform MadeComfy for Over $50 Million

Skift Take: This deal marks a meaningful step in Oyo’s push to become a truly global player, giving the hospitality company access to a region where it had little presence until now. Read the Complete Story On Skift

Oyo buys MadeComfy for more than $50 million in short-stay rental push

Oyo has acquired MadeComfy for more than $50 million, making it one of Australia’s largest short-stay rental tech exits to date. The post Oyo buys MadeComfy for more than $50 million in short-stay rental push appeared first on SmartCompany.