Tag Archives: Zo

SoftBank Confirms Oyo Rooms Has Acquired Zo Rooms

In an earnings presentation posted on its website on Wednesday, SoftBank-funded Oyo Rooms has officially confirmed the acquisition of its rival, Tiger Global backed Zo Rooms. Founded in 2014 by Paavan Nanda, Siddharth Janghu, Abhishek Bhutra, Tarun Tiwari, and Chetan Chauhan, Zo Rooms has a presence in 54 cities, 800 hotels and claims over 249,000 bookings made on its services. ... Read More »

Zo Rooms Website, App Down – Shutdown or Merger on the Cards?

Both the website and app of Tiger Global backed branded budget room chain Zo Rooms has been down for over 24 hours, in what could be interpreted as signs of a consolidation in the sector. Update: The Zo Rooms website and app are operational again. Paavan Nanda, Co-Founder of Zo Rooms declined to comment on rumours of an acquisition. Gadgets ... Read More »