Branded budget hotel rooms aggregator OYO Rooms has partnered with PayPal to enable payments from international customers on its platform, reports NextBigWhat. The tie-up will also help Indian customers make booking in OYO’s global location such as Malaysia. Adding an international playment gateway is a good move by OYO as it will make it easier for customers to make international payments, which becomes more relevant as OYO expands to countries outside India. The company had expanded to Malaysia in January this year, when it said that it would look to other countries in Southeast Asia, South America and Africa. Zo Rooms acquisition: Last month, OYO acquired its rival Zo Rooms for an undisclosed amount. The acquisition was an asset sale which would give Zo Rooms seven founders and Tiger Global a 7% stake in OYO Rooms. The founders of Zo Rooms would exit the company and about 40% of the team would be acquired by OYO Rooms. However, a recent Times of India report suggests that the deal might not go through. Delisted from online travel agents: In November 2015, online travel agencies (OTAs) like MakeMyTrip and Yatra decided to delist budget hotel aggregators Oyo and Zo Rooms from its platforms. At that time, Kavikrut, Chief Growth Officer of OYO Rooms said that only 10-15% of its users came from OTAs and that most of its user base came via its app, website and helpline. OYO Rooms funding: In August 2015, OYO Rooms raised $100 million in a funding round…
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