It’s been almsot 24 hours and Zo Rooms, which last raised $30mn led by Tiger has been out of sight.
The site is not at all accessible and even the app isn’t functional (the servers are down).
OYO : ZO Deal
We earlier reported that OYO-Zo acquisition is almost in the final stage and from what we know, the deal is finalized and will be announced shortly.
But a shutdown without any announcement? That’s quite on the wrong side for any (consumer) business. This is where consumers/vendors start to lose trust in ‘startups’.