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Zo Rooms raises funding from Tiger Global and Orios Partners

Room rental service Zo Rooms has raised an undisclosed amount in a Series A round of funding from Tiger Global and Orios Venture Partners, reports ET. According the the report, the funding amount was close to $15 million. The startup will use the funds for marketing, brand building and improving its technology. As of now, Zo Rooms offers room rentals in 25 cities, including Delhi, Chennai, Mumbai, Pune, Mysore, Varanasi, Hyderabad and Bangalore. To book a room, users need to select the city they want the room in, the check in and check out dates, number of rooms, and number of people in the room. The website then displays a list of rooms in the given city, however, this list is not sortable based on price etc. On selecting the room of their choice, users are provided with an option to ‘Power Book’ which lets them book their accommodation online and pay via credit/debit cards or net banking. Users can also choose to pay at the hotel itself. If not booking online, users are provided with a number to call the company and rent the room. Zo Rooms claims that it will have 2000 hotels in 60 cities by the end of this year. Competition: - In March this year, branded budget hotel rooms marketplace OYO Rooms secured $20 million in a funding round led by Greenoaks Capital and other existing investors. OYO Rooms operated as Oravel.com and pivoted its business from an Air BnB clone following operational issues. In…

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