Last week Oyo Rooms confirmed the worst fears of economic slowdown and consolidation finally hitting the Indian startup industry, after the Gurgaon based company announced that it is firing nearly 20% of its Indian workforce in coming weeks. Company’s founder and CEO Ritesh Agarwal did not specified about any exact deadline though it was assumed…
India’s largest budget hotel brand Oyo Rooms is mulling to acquire Treebo Hotels, Business Standard claims after citing an unknown source familiar with the matter.
Mails sent to Oyo Rooms and Treebo Hotels did not elicit any response.
If this acquisition does happen then it will go down as one of the biggest acquisitions in the budget…
