Oyo to invest $335M in vacation rental business in Europe push

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Indian budget hotel booking startup Oyo will invest 300 million euros ($ 335 million) in its vacation home rental business, it said Wednesday, as it looks to expand its footprint in Europe and possibly closely compete with global giant Airbnb, one of its investors.

The Gurgaon-based startup, which acquired Amsterdam-based holiday rental company Leisure in May this year and rebranded it to Oyo Vacation Homes, said it aims to turn Oyo Vacation Homes into the destination for “top-notch” holiday experience and the partner of choice for homeowner…
Read more here: Apps – TechCrunch

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