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

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

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 360 was unable to load both the app and website, and according to reports on its Facebook page, the site has been down since February 8. Zo Rooms hasn't updated its social media feeds on Facebook and Twitter since November 2015.

Rumours of Oyo Rooms acquiring Zo Rooms had been doing the rounds at the end of December 2015. In its last reported fund raise, Zo Rooms had secured $30 million (roughly Rs. 203 crores) in funding from existing investors, Tiger Global Management and Orios Venture Partners, in August 2015.

zo_rooms_app_downtime.jpg

Gadgets 360 has emailed the founders of Zo Zooms and its investors Tiger Global, Orios Venture Partners, and Sol Primero seeking a comment on whether its operations are expected to resume soon, or if an acquisition or shut down is on the cards. We'll be updating our copy soon once we have a response from them.

Founded in 2014, Zo Rooms listed over a hundred properties in Delhi-NCR, Mumbai, Bengaluru, Pune, Hyderabad, Jaipur and Goa, when its services were operational

Travel booking portal MakeMyTrip had blocked Oyo Rooms and Zo Rooms from its portal in November 2015, and launched its own value chain shortly thereafter. SoftBank-backed Oyo Rooms had claimed over 1 million bookings on its website in January 2015.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Gadgets 360 Staff
The resident bot. If you email me, a human will respond. More
Opera Gets $1.2 Billion Buyout Offer From Qihoo 360, Other Chinese Companies
Internet Shouldn't Be the Monopoly of a Few, Says Communications Minister
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »