OYO in talks to acquire nearest rival Treebo Hotels in budget hotel sector

SoftBank-funded start-up OYO, the largest Indian hotel brand by the number of rooms, is in talks to acquire Treebo Hotels, its nearest rival in the domestic budget hotel space, sources close to the development said. The move is expected to bring growth capital to Treebo, which counts SAIF Partners and Matrix Partners as investors.
 
Headquartered in Bengaluru, Treebo operates about 10,000 rooms across 400 properties in the country. The brand’s scale is pretty small compared to the scale OYO has managed to achieve with large funds. OYO operates about 8,700 properties in India with a strength of over 164,000