Tag: NightStay

Paytm enters hotel booking business, acquires NightStay

Paytm has forayed into hotel bookings and announced the acquisition of NightStay, a luxury hotel-booking platform that offers deals on last-minute bookings. Paytm, owned by One97 Communications, is set to invest Rs 500 crore to scale up its operations and expand the hotel-booking portfolio. Further, Paytm is in plans to leverage its deal with Noida-based NightStay to bolster its new move. NightStay co-founder and CEO Nasr Khan will be leading the newly launched hotel-booking category at Paytm. With the latest development, customers could access more than 50,000 daily room nights from hand-picked hotels. It has also initially tied up with ... Read more