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Belvilla by Oyo Acquires Australian Short-Term Rental Platform MadeComfy
Belvilla, the vacation home rental and management subsidiary of Oyo, has acquired MadeComfy, an Australian short-term rental platform, in a cash-and-stock deal. The acquisition was unanimously approved during an Extraordinary General Meeting (EGM) of Oravel Stays, Oyo’s parent company.
Under the terms of the deal, Oyo will issue shares worth $1.9 million (₹16 crore) upfront at $0.67 (₹57.09) per share, which implies a valuation of approximately $5 billion (₹42,500 crore) for Oyo. Additionally, deferred shares worth $9.6 million (₹81 crore) will be issued after two years. The agreement also includes a cash component, though specific details of the payment were not disclosed.
Founded in 2015 by Sabrina Bethunin and Quirin Schwaighofer, MadeComfy manages over 1,200 properties across major Australian cities such as Sydney, Melbourne, Brisbane, Perth, and Adelaide. The company has also expanded into New Zealand, operating in cities like Auckland, Wellington, and Hamilton. In 2024, MadeComfy reported revenues of $9.6 million (₹81 crore). It specializes in short-term property management, helping property investors optimize rental yields.
This acquisition further strengthens Oyo’s international footprint in the vacation rental market. In 2019, Oyo had acquired the @Leisure Group, which includes the Belvilla brand, to expand in Europe. Today, Belvilla manages over 50,000 holiday homes across 20 European countries, including Germany, France, Italy, Spain, and the Netherlands.
Oyo has been on an acquisition spree. In December 2024, it purchased G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone Real Estate in an all-cash deal valued at $525 million, adding about 1,500 franchised hotels across the U.S. and Canada to its network.
In an internal email sent in March 2025, Oyo founder Ritesh Agarwal informed senior leadership that the company is on track to deliver over 60% year-on-year revenue growth in Q4 FY2025, crossing ₹2,100 crore in revenue. He noted that the G6 Hospitality acquisition contributed around ₹275 crore, while Oyo's organic revenue (excluding G6) stood at ₹1,886 crore, representing a 42% growth.
Looking ahead, Agarwal projected that Oyo expects to achieve a profit after tax of ₹1,100 crore and an EBITDA of ₹2,000 crore in FY2026, driven by strong performance in core markets like India and the U.S., along with significant gains from Southeast Asia and the Middle East.
Source : https://shorturl.at/CySth
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