ZO Rooms

ZO Rooms
Private
Industry Hotels, tourism
Founded 2014 (2014)
Founder Akhil Malik
Dharmveer Singh Chouhan
Paavan Nanda
Tarun Tiwari
Chetan Singh Chauhan
Abhishek Bhutra
Siddharth Janghu
Headquarters D 13/5Okhla,
Delhi, India
Area served
 India
Website zorooms.com

ZO Rooms was a chain of premium budgeted hotels in India.[1][2][3] It was initiated by the founders of Zostel[4][5] (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.[6] It was acquired by Oyo rooms in an all-stock deal in December 2015.[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] Almost a year old, ZO Rooms owns more than 200 hotels across 11 cities and by the end of 2015 the company plans to have 1000 plus hotels across 50 cities.[12]

De-listed By Online Travel Agencies

Online travel agencies like Make My Trip, Goibibo, Yatra, Stay Zilla blocked ZO Rooms along with Oyo Rooms in order to protect market share. In a recent interview with The Times Of India, ZO Rooms co-founder Paavan Nanda said its' not a shocking transition as it was already expected.[12]

External links

See also

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. ↑ "Zo Rooms pulls off ambush marketing; trolls rival OYO Rooms at its own app launch event - Inc42 Magazine". inc42.com. Retrieved December 2, 2015.
  5. ↑ "Zostel's ZO Rooms Launches ZO Prime, A Premium Offering Of Three Star Hotels - The Tech Portal". thetechportal.in. Retrieved December 2, 2015.
  6. ↑ "Startup Zostel offers affordable accommodation facilities to travellers - The Economic Times". economictimes.indiatimes.com. Retrieved December 2, 2015.
  7. ↑ "SoftBank Confirms OYO Rooms Is Buying Rival Budget Hotel Network ZO Rooms" Techcrunch.com 10, Feb 2016
  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". http://www.hindustantimes.com/. Retrieved September 23, 2015. External link in |work= (help)
  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. 1 2 "MakeMyTrip, Goibibo, Yatra block OYO & Zo Rooms - Times of India". timesofindia.indiatimes.com. Retrieved December 2, 2015.
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