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Business News » India News

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.

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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. Image source: DNA
Written By: PTI
Updated: Tue, Aug 14, 2018
11:09 am
PTI
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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.

Watch this Zee Business video here:

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

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:
OyoWeddingz.in
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