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OYO ZOSTEL ACQUISITION
SC dismisses Zostel's appeal against OyoA bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court ...- Oyo says Delhi HC sets aside arbitral award and dismisses execution petition by ZostelThe Delhi High Court has overturned an arbitral award against Oyo in its dispute with Zostel Hospitality, stating Oyo did not breach any ag...
- Court says Zostel to get option for amount equal to 7% in Oyo parent if it wins caseHC tells Oyo to inform Sebi of latest order but restrains Zostel from writing to authorities
- 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...
- Startups go all out to attract talent; Lightspeed chases growth dealsIndian startups including the likes of Meesho, PhonePe, Upgrad, Purplle, Pristyn Care and Spinny are going all out to rope in and retain ta...
- Mamaearth, Cult.fit snap up offline firms; Jio Platforms to bet $200M on GlanceWhile it may be too early to call it a trend, these aren’t the first tech startups to acquire old-school firms since the start of the pande...
- Oyo IPO may leave early investors earning returns of up to 770%Oyo’s early investors such as Lightspeed Ventures and Sequoia, along with recent ones like Airbnb, Microsoft, Hindustan Media Ventures, and...
- Paytm courts Swiss RE, Info Edge cofounder on startup IPOsPaytm has been waiting for more than a year for regulators to approve its acquisition of general insurance firm Raheja QBE. Now, it is on t...
- Zostel plans to take Oyo IPO complaint to SebiZostel is planning to move the Securities and Exchange Board of India (Sebi), asking it to put the proposed $1.2 billion IPO on hold, said ...
- The rise of startup advisors and micro ecommerce sitesHomegrown startups such as Zoomcar and Wakefit.co are hiring top talent from India and around the world to help them unlock the next level ...
- Oyo to move ahead with IPO plans, Delhi HC to hear Zostel case on October 7While Oyo has challenged the SC-appointed arbitrator's order passed originally in March over the dispute, Zostel moved an application late ...
- 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 ...
- IPO-bound Oyo's legal troubles; UPI booms againA legal challenge from former rival Zostel, relating to a botched acquisition in 2015, threatens to disrupt Oyo's IPO plans.
- 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...
- 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...
- 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...
- 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’
- The curious case of Oyo's acquisition of Zo RoomsSoftBank announced the deal in its earnings report but the companies are yet to ink a formal agreement. In fact, there are chances of the a...
- It’s official, OYO acquires its rival ZO RoomsOYO Rooms has completed its acquisition of rival ZO Rooms, building up significant muscle to dominate in a crowded hotel aggregation market.
- Oyo Rooms to acquire Zo Rooms in an all-stock dealOyo chief executive Ritesh Agarwal and Zo Rooms CEO Dharamveer Chauhan did not respond to email queries and phone calls from ET.
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