SoftBank Confirms: OYO Rooms has acquired Zo Rooms

Budget hotel accommodation aggregator Oyo Rooms has acquired rival Zo Rooms. Oyo’s lead investor, Japanese telecom and internet firm Softbank, announced the acquisition in its earnings report on Wednesday without specifying the deal value. The deal is likely to be signed

Oyo Rooms – Zo Rooms deal almost done; Zo Rooms website & app not in operations anymore

Budget hotel room aggregator Zo Rooms website & app not in operations anymore, which indicates that the Oyo Rooms-Zo Rooms is almost done. We were unable to access the Zo Rooms site and were unable to book rooms through the mobile app.

Why Big Hotel chains should fear of start-ups like OYO rooms and Zo rooms?

All hotels are doing pretty well considering the occupancy rate except 4 & 5 starrer hotels. Here is an excerpt from a newspaper: While the occupancy grew between 0.6 per cent and 4.9 per cent for all star hotels, the

Budget Hotel Marketplace Zo Rooms Scoops Up Funding From Tiger Global & Orios Venture

Delhi-based, budget hotels marketplace Zo Rooms has raised an undisclosed round of series A funding led by hedge fund Tiger Global with participation from Orios Venture Partners. The company will use funding primarily for building a strong team and business