India's VC-backed Oyo Rooms acquires rival Zo Rooms
Oyo Rooms, an India-based budget hotel booking app backed by SoftBank Corp. and other VCs, has acquired industry rival Zo Rooms, which counts Tiger Global Management as an investor.
SoftBank listed the transaction in its most recent earnings report without specifying the deal value. Livemint reported Oyo Rooms acquired Zo Rooms through an all-stock swap, which came after Zostel Hospitality...
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