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Budget hospitality chain OYO has bought Mumbai-based Internet of Things (IoT) technology company AblePlus Solutions Pvt. Ltd to bolster its technology portfolio, marking its second acquisition.
The acquisition is aimed at creating an artificial intelligence- and IoT-based tech infrastructure for managing hotels and assets, OYO said in a statement. It didn’t disclose the deal value.
AblePlus was founded in 2016 by Akash Goel and Bonish Gandhi. It develops IoT systems for the hospitality industry. The startup has created and deployed a slew of solutions such as internet-managed smart access control for properties, remote monitoring and control of utilities and asset fencing to detect theft of items in real time.
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