Exclusive: Last-minute hotel booking startup RoomsTonite shuts down

Close-free2RoomsTonite, 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 to get out of control. Its mobile application is […]

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Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

For-Wudstay-Story-TC_ThinkstockPhotos-509042004Wudstay 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 the company’s […]

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OYO Rooms appoints Amazon exec as CTO

Anil-Goel_OYO-CTO2Branded 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 the CTO for Hike Messenger. Goel has […]

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

oyo_feIt’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. Spokespersons for OYO and Zo did not respond to an email query till the time […]

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

oyo_room_feaSoftBank-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 acquire Zo first surfaced in the media. Queries sent to […]

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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 as Zostel Hospitality Pvt Ltd, which runs Zo Rooms, is struggling […]

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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 Zostel Hospitality Pvt Ltd, will also […]

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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 of the deal are not disclosed. The […]

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Now OTAs look to take a piece of the cake from online branded budget chain startups

A bunch of Indian startups including OYORooms, Treebo, ZO Rooms, ZiP, Zen and WudStay are trying to disrupt the highly fragmented market for no frills budget hotel business with their own version of alternative accommodation. Anchored on an asset-light business model they are essentially aggregating standalone budget hotels, strapping them with a common brand with […]

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