wordpress blog stats
Connect with us

Hi, what are you looking for?

OYO acquires Mumbai-based IoT company AblePlus

OYO has acquired Mumbai-based Internet of Things (IoT) company AblePlus for an undisclosed amount. Founded by IIT Bombay graduates, AblePlus specialises in developing hospitality-focused IoT solutions.

With this deal, OYO aims to step up its tech and use technologies like artificial intelligence for managing its hotels and assets. The company’s CTO Anil Goel said in a statement that with the introduction of IoT, OYO aims to improve customer and partner experiences. AblePlus has AI solutions which record customers preferred temperature, lighting conditions, etc based on their previous usage and bookings.

The deal will now enable OYO users to do self-check-ins with digital arrival & departure register, Self KYC with Aadhar, and IoT managed smart locks. The company added in a statement that the rollout of technology-enabled operations will also ensure tracking of assets across properties. It added that in forthcoming years, OYO will introduce voice-based assistance in rooms, guest entertainment programme related to fitness, gaming etc, and automation in appliances, and other services.

OYO’s previous funding and acquisition

This is OYO’s second acquisition ever. In March this year, OYO had acquired service apartment operator Novascotia Boutique Homes to expand OYO’s offerings in India. The company currently operates in more than 160 cities across India, China, Malaysia and Nepal.

In September 2017, OYO received investments of $10 million as part of a Memorandum of Understanding (MoU) deal with Chinese multi-brand hotel group China Lodging Group Limited. The funding was a follow-up on OYO’s $250 million Series D round of funding a week before that

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Facebook has told the Competition Commission of India (CCI) that its investment in Jio Platforms will involve the transfer of only “limited data”. Facebook...


SoftBank-backed Oyo has invoked the force majeure clause in its agreements with hotel owners given the impact of the COVID-19 pandemic on the industry,...


Airbnb yesterday expanded its “extenuating circumstances policy” allowing almost all travelers and hosts to cancel their reservations penalty-free. This policy applies to reservations on...


A Hyderabad-based hospitality firm, Conclave Infratech, has filed an application against OYO Rooms’ parent company Oravel Stays for non-payment of dues, the Economic Times...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ