India’s $40 bn weddings industry: Oyo buys Weddingz.in

Hospitality firm Oyo said it has acquired wedding banquet company Weddingz.in for an undisclosed amount. The acquisition is a step towards the company expanding its playfield to real estate sector, Oyo said.

“What this partnership facilitates is combining Oyo’s capabilities of asset management and technology with the scale Weddingz.in offers in India’s fragmented $40 billion weddings industry,” Oyo chief strategy officer Maninder Gulati said.

With more than 10 million marriages in India held annually, the segment holds immense potential for innovation, improvement and standardisation of processes, the statement said.

TRENDING NOW

Govt mulling restoration of old pension scheme (OPS) for central govt employees? Minister of State for Finance Pankaj Chaudhary says THIS in Lok Sabha

Meet Dr Mohan Yadav - BJP's pick as Madhya Pradesh's Chief Minister-elect

Back-To-Back Upper Circuit! This multibagger infrastructure stock hits upper circuit for 12th straight session

Canara Bank, Wipro, Future Consumer, other stocks to watch out for on Tuesday

Retail inflation now stable, temporary increases due to demand-supply mismatches: FM Nirmala Sitharaman

Tata Power shares near record high after power generator joins hands with Indian Oil to set up EV charging points

DLF CFO Vivek Anand resigns

BPCL dividend: Bharat Petroleum Corp shares to trade ex-date on Tuesday

States should look at asset sales in infra sector to bolster revenues: RBI Report

1,178% return in 2 years: This NBFC stock hits upper circuit for second consecutive session

India planning to move from WPI to PPI in future: Official

Sovereign Gold Bond 2023–24: Next tranche to open next week; all you need to know

Old Tax Regime clear winner, preferred by 63% taxpayers who prioritize long-term investments, tax-saving: Survey

Coca Cola India forays into Alcohol segment alcoholic beverage stocks Radico Khaitan, UBL, Sula Vineyards, Som Distilleries shares rise Tilaknagar Industries stock declines

RBI approves HDFC Bank's product on offline retail payments for adoption

Watch this Zee Business video here:

“This alliance will work towards simplifying wedding planning for Indians,” Weddingz.in Founder Sandeep Lodha said.