LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

OYO acquires Danish data science firm Danamica

OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
OYO acquires Danish data science firm Danamica
With the acquisition of Danamica, the company said, it would be able to drive top line growth by leveraging dynamic pricing across its brands -- OYO Home, Belvilla and DanCenter. Image source: Reuters
Written By: IANS
Updated: Mon, Sep 02, 2019
10:08 pm
IANS
RELATED NEWS
OYO lays off around 300 employees OYO lays off around 300 employees
Ritesh Agarwal: OYO has close to USD 1 billion to fund operations Ritesh Agarwal: OYO has close to USD 1 billion to fund operations
Full salary restored! Good news for employees for this company amid COVID-19 Full salary restored! Good news for employees for this company amid COVID-19
Apollo Hospitals joins hands with Oyo, SBI, others to create 5000 rooms for isolation Apollo Hospitals joins hands with Oyo, SBI, others to create 5000 rooms for isolation
Hurun Rich List 2020: Oyo's Ritesh Agarwal second youngest billionaire in world, only behind Kylie Jenner Hurun Rich List 2020: Oyo's Ritesh Agarwal second youngest billionaire in world, only behind Kylie Jenner

OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount. "OYO Hotels & Homes, the world`s third-largest and fastest-growing hotel chain, has acquired Danamica, a Copenhagen-based data science company, with machine learning and business intelligence capabilities, specialised in dynamic pricing," the company said in a statement on Monday.

"This acquisition is in line with OYO`s continued commitment to its global vacation rentals business through strategic investments in technology products, processes and people," it said. In August, OYO had announced ?300 million investment in the vacation homes business in Europe.

With the acquisition of Danamica, the company said, it would be able to drive top line growth by leveraging dynamic pricing across its brands -- OYO Home, Belvilla and DanCenter. "Additionally, OYO and its real estate partners around the world will benefit using data sciences for improved yield. Starting with Europe, Danamica`s technology innovations will benefit OYO`s global vacation homes business," it said.

Maninder Gulati, Global Head, OYO Vacation and Urban Homes, said, "Data sciences across pricing, AI and imaging sciences have been a cornerstone of OYO`s proprietary revenue enhancement technology. It`s also a huge missing piece in the way traditional vacation rentals industry is run. We are glad to have found Danamica, which has built expertise in these areas."

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Oyo
RELATED NEWS
OYO lays off around 300 employees OYO lays off around 300 employees
Ritesh Agarwal: OYO has close to USD 1 billion to fund operations Ritesh Agarwal: OYO has close to USD 1 billion to fund operations
Full salary restored! Good news for employees for this company amid COVID-19 Full salary restored! Good news for employees for this company amid COVID-19
Apollo Hospitals joins hands with Oyo, SBI, others to create 5000 rooms for isolation Apollo Hospitals joins hands with Oyo, SBI, others to create 5000 rooms for isolation
Hurun Rich List 2020: Oyo's Ritesh Agarwal second youngest billionaire in world, only behind Kylie Jenner Hurun Rich List 2020: Oyo's Ritesh Agarwal second youngest billionaire in world, only behind Kylie Jenner

LATEST NEWS

Jio Phone prepaid data vouchers priced at just Rs 22 launched | Check all benefits

BPCL Share price: Jefferies Reiterate Buy rating with target of Rs 500

LIVE: Gujarat Municipal Election Results 2021: BJP wins 803 seats - Check latest news updates, seat details here

LIVE: Gujarat Local Body Elections Results 2021: BJP wins 2085 seats, Congress gets 602 - Check latest trends, seats details, news updates here

Jubilant Foodworks share price: ICICI Securities maintains Add rating with target price of Rs 2995

SBI Home Loan EMI Calculator: Save more than Rs 2000 per month on Rs 50 lakh loan - here is how

IRCTC, Ashok Leyland share price outlook decoded by Bonanza Portfolio

Samsung Galaxy A12 Review: Smartphone ticks the right boxes in budget segment

Gionee MAX PRO phone with Marathon Battery launched - price is Rs 6 999; available on Flipkart

OnePlus 9 series: Company teases launch on Amazon; check expected date and other details here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved