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After announcing UK expansion plans, OYO now raises $1 billion
Hotel-booking startup Oyo is raising $1 billion to fund expansion into China and other global regions. Existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners have put…
Debarati Dasgupta -
OYO to check-in to UK with €40 million investment
OYO Hotels plans to invest € 40 million in the United Kingdom to expand its presence in 10 cities in the county during the next 18 months, marking its first…
Debarati Dasgupta -
April Fool’s Day 2018: How top travel brands fooled the world
The onset of 1st April every year presents an opportunity for brands to ‘trick’ their consumers with generous doses of mischief and pranks through humorous and almost-believable campaigns. Brands capitalize…
Debarati Dasgupta -
RedDoorz just received an $11 million funding boost to expand its footprint
Budget hotel startup RedDoorz has closed $11 million in new funding to expand its network of budget hotels and guest houses throughout the Southeast Asian region. The round is described…
Debarati Dasgupta -
The top 10 travel startup funding around the globe in 2017
Over the past decade or so, there has been a great deal of interest in the travel, hotels, and travel accommodations sectors, especially by startup investors. The travel industry has…
Debarati Dasgupta -
Does OYO succeed in capturing the essence of Goa in its #StayYourWay campaign?
Majority of Indians kickstart the final month of the year with festivities, music, and a pristine location that we’ve all become so familiar with – Goa. While everybody loves the…
Debarati Dasgupta -
Indian Travel Startups Funding Round-up (August & September 2017)
August & September are turning out to be exciting months for funding deals in the Indian travel startup arena. $10 million funding for GoFro (September 2017) Earlier in the month,…
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OYO reportedly made a loss of INR 351 crore during April-Dec in FY16
Budget hotel aggregator OYO Rooms has reported a net loss of INR 351 crore (around USD 53 million) for the April-December period of FY16. According to a news report by…
Aekansh Malhotra -
Rocket Internet’s newest company is ZenRooms, a budget hotel aggregator for Southeast Asia
Rocket Internet, a German internet company headquartered in Berlin, has established the newest startup called ZenRooms – a budget hotel aggregator for Southeast Asia. Just like India-based OYO, ZenRooms will…
Adarsh Srivastava
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