Paytm Expands Its Travel Biz With Acquisition Of NightStay

Noida-headquartered digital payments company Paytm has strengthened its travel business with the acquisition of Noida-based last-minute hotel booking app, NightStay for an undisclosed amount. The confirmation of acquisition comes nearly six months after┬áreports surfaced thatPaytm may acquire NightStay for $20 Mn (INR 142 Cr). After the acquisition, NightStay founder Nasr Khan will lead the hotel-booking services at Paytm. NightStay: Why It Aligns With Paytm? Founded by Nasr Khan in December 2014, NightStay offers hotels an open and flexible option to provide flash accessibility on its app. Hoteliers can make their…

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