After venture capital, startups taking ‘vendor capital’ for granted

Anirudh-Damani_Artha-India-VenturesThe bloodletting in the Indian startup ecosystem continues with hotel-booking app RoomsTonite shutting shop on the heels of the Stayzilla fiasco, which is still playing out in the media. I have previously said that the startup space in India is safe because of its self-correcting nature. However, I did not expect that startups that failed […]

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Stayzilla’s Vasupal files bail plea; startup world rallies behind him

Jai-arrest_ThinkstockPhotos-1Chennai-based homestay aggregator Stayzilla’s co-founder and chief executive Yogendra Vasupal, who was arrested on charges of defrauding a vendor, has filed for bail before Chennai’s Special Metropolitan Magistrate. Vasupal is currently at Chennai’s Puzhal Central Prison. Vasupal was arrested by the Chennai police on Tuesday, after Jigsaw Advertising filed a criminal complaint against him alleging […]

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Stayzilla co-founder Vasupal arrested; wife alleges harassment by vendor

Stayzilla’s co-founder Yogendra VasupalYogendra Vasupal, the co-founder and chief executive of Chennai-based homestay booking startup Stayzilla, has been arrested by the police on allegations of non-payment of dues by an advertising agency the company worked with. The development comes barely weeks after Stayzilla shut down its operations last month. Vasupal’s wife and Stayzilla co-founder Rupal Yogendra told VCCircle […]

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Will never chase growth over unit economics ever again: Stayzilla’s Vasupal

Yogendra-Vasupal_feYogendra Vasupal co-founded online homestay aggregator Stayzilla along with Sachit Sanghi in 2005. Stayzilla, operated by Chennai-based Inasra Technologies Pvt. Ltd, catered to both budget customers and luxury travellers. It raised about $30 million from investors including Nexus Venture Partners and Matrix Partners. But that wasn’t enough. Last week, Vasupal said in a blog that […]

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Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

For-Wudstay-Story-TC_ThinkstockPhotos-509042004Wudstay Travels Pvt Ltd – which started off as a rival to OYO Rooms – has exited the budget hotel aggregation space, a source close to the development told Techcircle. The company now operates in the PG and hostel segment that it started this year. Wudstay is yet to confirm the development, but the company’s […]

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Stayzilla raises $13.5 mn, plans to grow home stays segment

stayzilla_feChennai-based budget hotels and homestays aggregator Stayzilla has raised $13.5 million in a Series C round of funding from existing investors Matrix Partners and Nexus Ventures. The funding round was closed between November 2015 and January 2016, Stayzilla founder Yogendra Vasupal told VCCircle/Techcircle.in. A difficult investment environment was one of the reasons that led Stayzilla, […]

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