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Indian startup OYO prepares to launch OYO Homes in Dubai
Reading Time: 2 minutesIndia: Indian hospitality startup OYO will launch OYO Homes in Dubai, which will offer apartments on a short-term rental basis. The UAE is the first international market in which the OYO Homes platform will be launched, and customers will be able to check into apartments on a daily, weekly or monthly basis. Manu Midha, Middle […]
ZoloStays Property Solutions secures $30m in Series B funding round
Reading Time: 2 minutesIndia: Bengaluru-based ZoloStays Property Solutions, the parent company of ZoloStays, has secured $30m in a Series B funding round. The funding round was led by existing investor Nexus Venture Partners, in conjunction with IDFC Alternatives and Mirae Asset. The round is estimated to have pushed up the start-up’s valuation to $100m in total. ZoloStays is […]
Airbnb’s Chinese rival in talks to raise over $200 million in funding
Reading Time: 2 minutesChina: One of Airbnb’s biggest Chinese rivals is in talks with Singapore’s wealth fund to secure $200 million in funding to take on the American vacation rental platform. Beijing-based Xiaozhu.com, who were reportedly almost acquired by Airbnb in 2016, lets its users rent out homes and apartments across China and it is now targeting the […]