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Posts Tagged ‘ ZO Rooms ’

Exclusive: Last-minute hotel booking startup RoomsTonite shuts down

Wednesday, March 15, 2017 | More »

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RoomsTonite, a mobile app for last-minute hotel bookings, has closed down operations as funds dried up following a failed $1.5 million fundraising bid, two persons familiar with the development told VCCircle. The startup decided to draw the curtain around eight months ago when operating costs began ...

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Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

Wudstay Travels Pvt Ltd – which started off as a rival to OYO Rooms – has exited the budget hotel aggregation space, a source close to the development told Techcircle. The company now operates in the PG and hostel segment that it started this year. Wudstay is yet to confirm the development, but ...

13 December, 2016 | More »

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OYO Rooms appoints Amazon exec as CTO

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, has appointed Anil Goel as chief technology officer, according to a press statement. Goel was previously with Amazon as the global head of technology for customer returns and reverse logistic business. Prior to that, he was t...

7 November, 2016 | More »

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Online hotels aggregator Treebo raises $16.7 mn led by Bertelsmann

Bangalore-based Ruptub Solutions Pvt. Ltd, the operator of online budget hotels aggregator Treebo Hotels, has raised Rs 112 crore ($16.7 million) in its Series B funding round that was led by Bertelsmann India Investments, the strategic investment vehicle of international media company Bertelsmann. ...

22 July, 2016 | More »

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OYO buys Zo, Zostel in all-stock deal; Zo founders quit

It’s official. Budget hotel aggregator OYO Rooms has acquired Tiger Global-backed smaller rival Zo Rooms, OYO’s lead investor SoftBank said in an earnings presentation. A formal announcement is expected in the next two weeks, a person directly involved in the transaction told Techcircle.in. S...

10 February, 2016 | More »

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Oyo Rooms set to acquire rival Zo in all-stock deal

SoftBank-funded budget hotel aggregator Oyo rooms is all set to acquire its Tiger Global-backed smaller rival Zo rooms and a deal may be announced within 10 days, according to a person familiar with the development. The development comes barely weeks after preliminary reports of Oyo looking to acqu...

17 December, 2015 | More »

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Hotel aggregator Oyo Rooms eyes rival Zo Rooms

SoftBank-backed hotel aggregator Oyo Rooms is looking to acquire Tiger Global-backed smaller rival Zo Rooms, two media reports said on Thursday, citing three unidentified people each. The talks began about three weeks ago and are in a preliminary stage, The Economic Times reported. The move comes ...

3 December, 2015 | More »

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Top online travel portals block OYO & Zo Rooms

Budget hotel aggregators OYO Rooms and Zo Rooms will no longer list on online travel agencies MakeMyTrip, Goibibo and Yatra. The three OTAs have blocked OYO Rooms and Zo Rooms,The Economic Times, which first reported the development, said in a news report quoting executives of MakeMyTrip, OYO Rooms ...

28 October, 2015 | More »

Zo Rooms to add service apartments, four star hotels

Budget hotels aggregator Zo Rooms will soon add four star hotels and service apartments to its network. Next month, the startup will launch Zo Star (for four star properties) and Zo Apartments (corporate guest houses), its co-founder and CEO Dharamveer Singh Chouhan said. Zo Rooms, which is run by Z...

28 September, 2015 | More »

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Online branded budget hotel aggregator Zo Rooms raises funding from Tiger Global, Orios

Zo Rooms, an online budget hotel startup by Zostel Hospitality Pvt Ltd, a tech startup which offers separate booking platforms for branded hostels and budget hotels, has raised a fresh Series A round of funding led by Tiger Global with participation from Orios Venture Partners. The financial details...

20 July, 2015 | More »

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