Hotel brands Treebo, FabHotels in talks for a merger: Report
Budget hotel brands Treebo and FabHotels have initiated talks for a merger led by investors of the two startups, according to reports. It comes after hotel aggregator OYO raised more than $1 billion in the last year alone from investors including Japan's SoftBank. Reports added that raising funds has become difficult for these startups competing against SoftBank-backed OYO.