Rocket Internet-backed short-term accomodation provider Zen Rooms is in talks with investors for a sale as its capital reserves reportedly dwindle
Zen Rooms, a Singapore-based hotel network operator backed by e-commerce and online services holding company Rocket Internet and telecommunications group Ooredoo, could shut down, TechCrunch has reported.
Founded in 2015, Zen Rooms offers access to a certified group of hotels in 50 Southeast Asian cities that covers the space between expensive hotel operators and informal guesthouses. It operates in seven countries including Indonesia, the Philippines, Sri Lanka and Thailand.
The company has raised a total of $8m according to TechCrunch,…
