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ZOSTEL HOSPITALITY
Oyo gets Delhi HC relief on IPO challenge from ZostelPeople in the know said Zostel is likely to approach a division bench of the high court to challenge the order, pronounced by a single-judg...15 Feb, 2022, 10.21 AM IST- Oyo hits back at Zostel, says no restriction imposed on the company from changing its shareholding pattern, no stay granted by Delhi HC on proposed offerIn its letter to Sebi sent on October 28, and accessed by ET, Oyo has written that no restriction has been imposed on Oyo from changing its...29 Oct, 2021, 08.03 PM IST
- Oyo refutes allegations by ZostelThe DRHP is replete with material omissions and blatant misstatements, intended to mislead the public to invest in Oravel's shares without ...29 Oct, 2021, 07.03 PM IST
- Oyo IPO: Zostel writes to Sebi, seeks rejection of draft offer papersIn a letter to the Securities and Exchange Board of India (Sebi), Zostel said "the IPO is non-maintainable as Oravel's capital structure is...12 Oct, 2021, 08.57 PM IST
- Exclusive: Zostel's petition in Delhi HC adds a legal twist to Oyo's IPO sagaHospitality startup approaches Delhi High Court to restrain Oyo from modifying its shareholding structure or cap table including by way of ...29 Sep, 2021, 09.45 AM IST
- Term sheet binding, Zo entitled to get up to 7% in Oyo: ArbitratorAn Arbitral Tribunal has ruled that Oravel Stays is bound by the Oyo-Zo Rooms acquisision deal struck in 2015 and that Zostel Hospitality c...08 Mar, 2021, 09.19 AM IST
- Zostel bets big on domestic travel, set to open five hundred new properties in two yearsZostel currently has 60 properties which are a mix of hostels and homestays. The company is also raising a Rs 10 crore round from the marke...10 Aug, 2020, 05.55 PM IST
- Zostel unveils new staycation and workcation packagesThe company said it has ensured all its hospitality sites offering packages strictly comply with the mandatory health and safety precaution...15 Jul, 2020, 12.27 PM IST
- More hotels, accomodation spaces earmarked for COVID-19At present, nine hotel chains, including Lemon Tree, Radisson Hotels and Intercontinental Hotels Group (IHG), are collectively offering 392...26 Mar, 2020, 08.23 PM IST
- SC sends OYO-Zo Rooms dispute for arbitrationThe companies have been locked in litigation, filing cases in various courts against each other, ever since OYO in October last year decide...03 Oct, 2018, 08.19 AM IST
- OYO and ZO trade barbs via legal counselsOYO said that Zostel had filed a "frivolous arbitration petition in District Court, Gurugram earlier on February 2, 2018, as a counterblast...26 Feb, 2018, 09.16 AM IST
- Zo Rooms takes Oyo to court for 'data theft'Alleges data stolen during due diligence as part of a failed acquisition; Oyo says it’s an attempt to ‘arm-twist for a deal’20 Feb, 2018, 10.28 AM IST
- Startup Zostel offers affordable accommodation facilities to travelersZostel, which hosted over 20,000 backpackers last year, received Rs 5 crore funding from Malaysia-based angel investor Presha Paragash in M...30 Nov, 2015, 07.51 AM IST
- Zostel Hospitality to open 14 branded hostels by year endOnline budget accommodation aggregator Zostel Hospitality is planning to launch 14 more branded hostels for backpackers by end of the year.25 Oct, 2015, 11.50 AM IST
- Startup Wars: Oyo Rooms vs Zostel case gets murkier in Delhi High CourtZostel recently launched Zo Rooms, which rival hotel rooms aggregation start-up Oyo Rooms alleged is based upon copied data.27 Apr, 2015, 04.00 AM IST
- How start-ups like Zostel, OYO Rooms are redefining the travel industryFrom building a network of cobranded hotel properties to curating budget hotels, homestays and hostels, some technology startups are redefi...02 Apr, 2015, 06.30 AM IST
- How young companies are redefining industry for hotels and travellersFrom building a network of cobranded hotel properties across the country to curating budget hotels, homestays and hostels, a handful of tec...01 Apr, 2015, 10.28 AM IST
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