Oyo : Zo Rooms Deal Almost Done

Zo Rooms is laying off its staff in big numbers today (except tech and call-center employees). OYO last raised $100mn led by Softbank while ZoRooms’ raised $30mn funding from Tiger global. Both of these companies are trying to raise another round, but consolidation will help them raise faster.
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OTAs Strike Off Oyo and Zo Rooms From Their Websites

Online travel agencies such as MakeMyTrip,Goibibo, Yatra have listed off the budget hotel aggregators Oyo and Zo Rooms’ properties. Oyo Rooms said that it was an expected move and online agencies only contribute 10% of their business while Zo Rooms expect to overcome the shortfall through their app.
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