SoftBank-backed Oyo in legal spat with rival Zostel ahead of $1.2b IPO

SoftBank-backed Oyo in legal spat with rival Zostel ahead of $1.2b IPO

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis

SoftBank Group-backed Oyo Hotels and Rooms is facing a legal tussle with rival Zostel ahead of its up to $1.2 billion market debut over a deal between the two Indian hospitality startups that fell apart six years ago.

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