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In an official statement, OYO has confirmed that it is no longer involved in talks with ZO Rooms for a potential acquisition.In late-2015, OYO explored a potential acquisition of Zo Rooms.
OYO, which was founded by was founded Thiel Fellow Ritesh Agarwal, has a network that spans 230 cities primarily in India, where it offers some 70,000 rooms, but also Malaysia and Nepal.
OYO makes room for different segments Launches OYO Homes and Studio Stays for the discerning and the backpackers Updated - January 17, 2018 at 07:50 PM.
Oyo Rooms said that it has taken the hotel off its platform and that it has ‘neither received or given any such guidelines’.
From December 31, 2024, hotel booking app OYO has changed the rules for booking rooms. Which is very important to know, especially for unmarried couples. Who often book rooms through Oyo.
OYO Rooms has launched its maiden campaign, 'Aur Kya Chahiye', comprising three TVCs that will be aired across all major television channels. The commercials, conceptualised by Boring Brands ...
Oyo has more than 125,000 rooms in India and about 87,000 in China across 171 cities, according to the company.
ZO Rooms and OYO were competing with each other and making almost similar revenues (FY 2014-15) till the tides turned in OYO's favour with a $100 million funding round led by Softbank in August ...
Oyo says it now has 133,000 rooms in its Indian hotel network, roughly four times the combined total of Marriott and the Tata Group’s Indian Hotels, its two nearest competitors.