Oyo Buys Airbnb Management Platform MadeComfy for Over $50 Million

Key Points

• Oyo acquired Australian short-term rental platform MadeComfy for over $50 million, marking its entry into the Australia and New Zealand markets.
• MadeComfy manages over 1,300 properties and will retain its brand and founders as co-CEOs post-acquisition, aiming to expand further in the region.
• This deal is the second-largest in Australia's short-term rental tech sector and highlights Oyo's ongoing global expansion strategy.

Summary

Oyo, the Indian hospitality company, has acquired the Australian short-term rental platform MadeComfy for over $50 million, signaling its entry into the Australia and New Zealand markets. MadeComfy, founded in 2015, helps landlords list and manage properties on platforms like Airbnb and currently oversees more than 1,300 properties. The acquisition, completed via a cash-and-stock deal, is the second-largest in Australia's short-term rental tech sector and aligns with Oyo's continued global expansion, with MadeComfy's founders remaining as co-CEOs to drive further regional growth.