INSUBCONTINENT EXCLUSIVE:
its business in Europe.Neither of the parties disclosed financial terms of the deal, but a source familiar with the matter told TechCrunch
that Oyo paid about $10 million to acquire the Danish firm.Danamica, which was founded in 2016, has built machine learning tools and
to help hotels boost their revenue, Oyo said
The Indian startup said Danamica would help it scale its technical expertise as it expands its footprint in overseas markets.Oyo, which is
the largest hotel chain in India, is rapidly expanding in other countries
It has already established presence in 80 countries, the six-year old startup said
May this year, Oyo bought Amsterdam-based holiday rental company Leisure from Axel Springer for $415 million.In a prepared statement,
announce our acquisition of Danamica, a Europe based, machine learning and business intelligence company specialized in dynamic pricing,
that will help us be more accurate with pricing, leading to higher efficiencies and yield for our real estate owners and value for money for
year, Oyo entered co-working spaces market with the launch of Oyo Workspaces
At a media conference in New Delhi, startup executives said they aim to make Oyo Workspaces the largest business in its category in Asia by
To immediately capture some market share, Oyo said it had acquired Indian co-working spaces startup Innov8
Sources told TechCrunch then that Oyo had paid about $30 million to acquire Innov8.In the same month, 25-year-old Ritesh Agarwal (pictured
above), founder of SoftBank-backed Oyo, invested $2 billion to triple his stake in the company as early investors Lightspeed and Sequoia
