Add-on Acquisition • Leisure

OYO Rooms Acquires Novascotia Boutique Homes

On March 18, 2018, OYO Rooms acquired leisure company Novascotia Boutique Homes

Acquisition Context

This is OYO Rooms’ 1st transaction in the Leisure sector.
This is OYO Rooms’ 2nd transaction in India.

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M&A Deal Summary
Date	March 18, 2018
Target	Novascotia Boutique Homes
Sector	Leisure
Buyer(s)	OYO Rooms
Deal Type	Add-on Acquisition

Target Company

Novascotia Boutique Homes

Chennai, India

Novascotia Boutique Homes is a service apartment operator that offers rental apartments, housekeeping, dining and laundry services. Novascotia Boutique Homes was established in 1972 and is based in Chennai, India.

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Buyer Overview 1

Buyer

OYO Rooms

Gurgaon, India

Category	Company
Founded	2011
Sector	Internet Software and Services

DESCRIPTION

OYO Rooms is an online platform for guests and hosts to meet and arrange for bookings of accommodations. OYO Rooms was formed in 2011 and is based in Gurgaon, India.

Deal Context for Buyer	#
Overall	2 of 5
Sector: Leisure	1 of 2
Type: Add-on Acquisition	2 of 5
Country: India	2 of 4
Year: 2018	1 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-12-17	ZO Rooms Jaipur, India ZO Rooms is a cloud base platform for travelers to find friendly, affordable, secure and reliable rooms. ZO Rooms was formed in 2013 and is based in Jaipur, India.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-12-17

ZO Rooms

Jaipur, India

ZO Rooms is a cloud base platform for travelers to find friendly, affordable, secure and reliable rooms. ZO Rooms was formed in 2013 and is based in Jaipur, India.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-07-10	AblePlus Solutions Pvt. Mumbai, India AblePlus Solutions Pvt. Ltd. is an Internet of Things (IoT) technology company. AblePlus enable remote monitoring and remote management of rooms, hotels, hostels and guesthouses. AblePlus Solutions Pvt. Ltd. is based in Mumbai, India.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2018-07-10

AblePlus Solutions Pvt.

Mumbai, India

AblePlus Solutions Pvt. Ltd. is an Internet of Things (IoT) technology company. AblePlus enable remote monitoring and remote management of rooms, hotels, hostels and guesthouses. AblePlus Solutions Pvt. Ltd. is based in Mumbai, India.

Buy

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