Indian Hospitality company
Zostel is a network of hostels and homes in India .[1] [2] It has presence in 44 cities in India and Nepal .[3]
History [ edit ]
Zostel Hospitality Pvt. Ltd was established in August 2013[4] by seven co-founders,[5] [6] who initiated their venture with the launch of the first Zostel in Jodhpur , Rajasthan on 15 August 2013.[7]
ZO Rooms [ edit ]
In November 2014, the founders launched a new project called ZO Rooms, which aimed to provide budget-friendly hotel accommodations and aggregate hotel rooms.[8] [9] [10] [11] There were reports that ZO Rooms was acquired by rival OYO Rooms ,[12] [13] in an all-stock deal in December 2015, which was later denied by OYO.[14]
References [ edit ]
^ Sehgal, Kunal. "India's first chain of backpacker hostels is attracting some serious money" . Quartz . Retrieved July 8, 2017 .
^ "IIM, IIT students set up Zostel for backpackers" . The Hindu Business Line . February 9, 2014. Retrieved July 8, 2017 .
^ "Zostel: Live it. Now: India's first branded Hostel Chain" . www.zostel.com . Retrieved July 8, 2017 .
^ "IIM, IIT students set up Zostel for backpackers" . The Hindu Business Line . February 9, 2014. Retrieved July 8, 2017 .
^ "IIM-Calcutta students set up backpackers' hostels in Rajasthan" . www.hindustantimes.com/ . February 14, 2014. Retrieved July 8, 2017 .
^ "Why these IIM-Calcutta grads do not want placements" . NDTV.com . Retrieved July 8, 2017 .
^ Ghoshal, Somak (September 6, 2014). "Zostel: Passion for travel" . www.livemint.com/ . Retrieved July 8, 2017 .
^ "Business service providers betting big on startups with great deals – The Economic Times" . economictimes.indiatimes.com. Retrieved December 2, 2015 .
^ "Budget hotel room aggregators eye pacts with offline travel agents | Business Line" . thehindubusinessline.com. Retrieved December 2, 2015 .
^ "ZO Rooms has a room 'available' for every traveller | Business Insider India" . businessinsider.in. Retrieved December 2, 2015 .
^ Singh, Rajiv (October 4, 2015). "Virtues of a large founding team: Why many digital ventures are starting up with many cofounders" . The Economic Times . Retrieved July 8, 2017 .
^ "The curious case of Oyo's Zo buyout – Times of India" . The Times of India . Retrieved July 8, 2017 .
^ "The Oyo-Zo Rooms Acquisition Deal Is Falling Apart – Inc42 Media" . inc42.com . December 17, 2015. Retrieved July 8, 2017 .
^ "The deal that never was: OYO says it didn't acquire rival ZO Rooms after all – Tech Crunch" . techcrunch.com . Retrieved May 29, 2018 .