In compliance with EU internet privacy laws, exiting this message attests that you, the user, consent to the use of cookies on this website. We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
test property Created with Sketch.
  • Property
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • ----------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Jobs
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • -------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Autos
    • Germany
    • United Kingdom
    • United States
    • Australia
    • India
    • -------------------
    • Europe
    • North America
    • Asia
    • Australasia
    • South & Central America
    • Africa
  • Conferences
  • Consulting
  • Partners
  • Sign In
  • Create Account
  • Logged In As:
    • My Account
    • Sign Out
  • Sign In
  • Create Account
  • My Account
  • Sign Out
Home » Oyo in talks for entering the assisted-living sector

Oyo in talks for entering the assisted-living sector

OYO
03 July 2019
Property Editor
No Comments

hotel room aggregator giant based out of India, Oyo, is in talks over whether or not the company will enter the assisted-living sesctor through its New Real Estate Businesses arm, a channel that includes co-living vertical for millennials, Oyo Life.

The SoftBank-backed hospitality chain, valued at around $5 billion during its last round of equity financing, may venture into the space through its New Real Estate Businesses arm, which includes Oyo Life.

“Assisted living for senior citizens could be a natural extension for our business,” said CEO of Oyo’s New Real Estate Businesses, Rohit Kapoor, who joined the startup in November. He also serves as director on Antara Senior Living, a Max India Group initiative that focuses on people over the age of 60.

Elder services care could be a potentially lucrative space for interested players in India. The country’s elderly population is set to touch 300 million by 2050, accounting for 18% of the overall population, according to a study by CII. In comparison, elder care services market is estimated to reach $1,900 billion worldwide by 2026, growing annually at 8.5% during the period, revealed data from global research agency Persistence.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

899 limited tickets

Company News India News Property Asia
  • Related Articles

    OYO enters Vietnam and makes $50M investment in its travel sector

    OYO looking to buy Innov8 and enter coworking sector

Property Editor

CoStar Group: Q1 revenue grows 20%, net income by 63%

More from this author

Post a comment to this article

Report Abusive Comment

Next Conference

  • BANGKOK CONFERENCE

     

    26 - 27 February 2020

    Radisson Blu Plaza Bangkok, Thailand
    View All Conferences

Latest News

  • Shutterstock_669147430

    OnTheMarket brings back its Chas & Dave commercial to Boxing Day through January

  • Shutterstock_10911014061

    Rightmove head issues response to critics on the company's service to agents

  • Shutterstock_7059138911

    Zoopla reveals ambitious plans for the next year

  • Nextseed

    NextSeed continues platform growth with first real estate offering

  • Eli-report

    New proptech platform Eli Report looks to help condo buyers

Most Popular

  • Shutterstock_1112049857

    Realestate.com.au looks to shake up industry by adopting US counterpart

  • Homsters-investment-image

    Homsters finalizes financing round led by Simon Baker and Ringier AG

  • Rhett-dallwitz-listng-loop-ceo

    Listing Loop looks to become Australia's new go-to real estate platform

  • Offerup

    OfferUp Auto reaches a new milestone as it continues to grow

  • Shutterstock_1140455708

    Report: Hemnet ranks top of most popular property portals in the world list

  • Home
  • Property News
  • Job News
  • Auto News
  • Conferences
  • Consulting & Venture Capital
  • Partners
  • About Us
  • Contact Us
  • Legal
  • Privacy Policy

Copyright ©2019. All Rights Reserved

Design, CMS, Hosting & Web Development :: ePublishing