STARTUPS
Oyo ties up with NYSE-listed travel platform Travelport
Founded by Ritesh Agarwal, Oyo currently operates across major metros, regional hubs, top leisure destinations, as well as pilgrimage towns. Photo: Ramesh Pathania

Founded by Ritesh Agarwal, Oyo currently operates across major metros, regional hubs, top leisure destinations, as well as pilgrimage towns. Photo: Ramesh Pathania

New Delhi: Budget hotel aggregator Oyo (Oravel Stays Pvt. Ltd) has tied up with NYSE-listed travel platform Travelport in a move that is expected to give it access to a larger customer base.

As per the agreement, Travelport’s travel agency users across the world including India will be able to book hotels from the 6,000 hotel properties of Oyo. Oyo currently operates in over 180 Indian cities and is also present in Malaysia.

Travelport’s travel commerce platform connects hotel providers and independent properties to its 68,000 connected agencies worldwide. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace.

It now offers 650,000 unique hotel properties across 180 countries.

“We are pleased to partner with Travelport and take our offerings to a wider audience. Both Oyo and Travelport are recognised for leveraging innovative technology capabilities. We are confident of utilising this synergy to unlock new growth areas for both partners,” said Kavikrut, chief growth officer, Oyo in a statement.

“This is an exciting partnership and one that forms part of our ongoing strategy to extend our hotel offerings. Our industry-leading connectivity enables us to directly acquire specific hotel content, as well as requested local hotel chains and individual properties, and we are looking forward to continuing to expand our offerings in this area throughout the year,” said Niklas Andreen, senior vice president of hospitality, Travelport.

Founded by Ritesh Agarwal, Oyo currently operates across major metros, regional hubs, top leisure destinations, as well as pilgrimage towns.

It is also looking to raise over Rs.413 crore through a proposed rights issue of shares to its existing shareholders,Mint reported last week.

The company last raised $100 million in a Series B funding round led by Japan’s SoftBank Group with participation from existing investors Greenoaks Capital, Sequoia Capital and Lightspeed Venture Partners.

[“Source-Livemint”]

About the author

Related Post