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Oyo completes acquisition of European firm Direct Booker

Travel and hospitality technology platform Oyo on Monday said it has concluded the acquisition of Europe-based company 'Direct Booker' with the transaction valuing the latter at around $5.5 million (over Rs 40 crore). Direct Booker has over 3,200 homes and serviced 20 lakh customers so far, Oyo said in a statement. This acquisition will strengthen Oyo's presence in Europe broadly and Croatia specifically where it already has nearly 1,800 vacation homes on its Belvilla platform and over 7,000 homes on its Traum Ferienwohnungen platform, it added. read more