ZO Rooms

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ZO Rooms
TypePrivate
IndustryHotels, tourism
Founded2014 (2014)
FounderAkhil Malik
Dharmveer Singh Chouhan
Paavan Nanda
Tarun Tiwari
Chetan Singh Chauhan
Abhishek Bhutra
Siddharth Janghu
HeadquartersD 13/5 Okhla,
Delhi, India
Area served
India
Websitewww.zorooms.com

ZO Rooms was a budget hotel room aggregator in India.[1][2][3] It was initiated by the founders of Zostel[4] (India's first backpacking hostel chain) Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda, Tarun Tiwari, Chetan Singh Chauhan, Abhishek Bhutra and Siddharth Janghu in 2014.[5] There were reports that ZO Rooms was acquired by rival OYO Rooms[6] in an all-stock deal in December 2015, which was later denied by OYO.[7] In a short span of time, ZO Rooms had a presence in cities like Delhi, Gurgaon, Noida, Mumbai, Bangalore, Ahmedabad, Jaipur, Goa, Pune, Jodhpur, Chandigarh etc.[8]

History[]

Zostel Hospitality Pvt. Ltd was established in August 2013 by seven co-founders Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda & Tarun Tiwari alumni of Indian Institute of Management Calcutta, Chetan Singh Chauhan & Abhishek Bhutra alumni of Indian Institute of Technology, BHU and Siddharth Janghu alumnus of MDI Gurgaon.[9][10] The founders of Zostel further dived into a new project known as ZO Rooms in November 2014, which is a low-budget, technology-driven hotel chain.[11]

De-listed By Online Travel Agencies[]

Online travel agencies like Goibibo, Yatra, Stay Zilla blocked ZO Rooms along with Oyo Rooms in order to protect market share however still in operations with MakeMyTrip to cater needs of budget customer. In a recent interview with The Times of India, ZO Rooms co-founder Paavan Nanda said it's not a shocking transition as it was already expected.[12]

References[]

  1. ^ "Business service providers betting big on startups with great deals – The Economic Times". economictimes.indiatimes.com. Retrieved December 2, 2015.
  2. ^ "Budget hotel room aggregators eye pacts with offline travel agents | Business Line". thehindubusinessline.com. Retrieved December 2, 2015.
  3. ^ "ZO Rooms has a room 'available' for every traveller | Business Insider India". businessinsider.in. Retrieved December 2, 2015.
  4. ^ "Zostel's ZO Rooms Launches ZO Prime, A Premium Offering Of Three Star Hotels – The Tech Portal". thetechportal.in. Retrieved December 2, 2015.
  5. ^ "Startup Zostel offers affordable accommodation facilities to travellers – The Economic Times". economictimes.indiatimes.com. Retrieved December 2, 2015.
  6. ^ "The curious case of Oyo's Zo buyout – Times of India". The Times of India. Retrieved July 8, 2017.
  7. ^ "The deal that never was: OYO says it didn't acquire rival ZO Rooms after all – Tech Crunch". techcrunch.com. Retrieved May 29, 2018.
  8. ^ "Latest News in Hyderabad, Telangana, Andhra Pradesh – THE HANS INDIA". thehansindia.com. Retrieved September 23, 2015.
  9. ^ "IIM-Calcutta students set up backpackers' hostels in Rajasthan". www.hindustantimes.com/. Archived from the original on August 5, 2015. Retrieved September 23, 2015.
  10. ^ Monideepa Banerjie (February 26, 2014). "Why these IIM-Calcutta grads do not want placements". NDTV.com. Retrieved September 23, 2015.
  11. ^ "Virtues of a large founding team: Why many digital ventures are starting up with many cofounders – The Economic Times". economictimes.indiatimes.com. Retrieved December 2, 2015.
  12. ^ "MakeMyTrip, Goibibo, Yatra block OYO & Zo Rooms – Times of India". timesofindia.indiatimes.com. Retrieved December 2, 2015.

External links[]

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