Oyo has acquired wedding marketplace Weddingz.in for an undisclosed amount. Oyo will get access to Weddingz’s 1500 wedding events every quarter and an inventory size of 40 banquets across Mumbai and Delhi, while Weddingz.in will expand to other cities and global markets. Last month, Oyo launched “Auto Party” a service where it provided banquet and event planning for weddings and other events. It would also offer catering, decor and event planners for its users.
In December last year, the company reportedly changed from aggregating hotel rooms to franchising in order to save operational costs. It recently got a $260 million shot in the arm from China Lodging Group and Softbank and other investors. Its worth noting that the company has been expanding internationally with set ups in Nepal, Malaysia, London and China.