Woman Entrepreneur Writes to PM Modi Against Stayzilla Fraud
The woman proprietor of Chennai-based advertising Jigsaw Solutions, which was allegedly defrauded of Rs 1.69 crore by Stayzilla, today urged Prime Minister Narendra Modi and his government to address issues of funding and transparent business models at the earliest.
Radha Shekhar, in a letter to Modi, said this was needed to avoid any suffering women entrepreneurs like her face at the hands of a few 'unscrupulous businessmen' posing as startups.
Jigsaw had alleged Stayzilla had defrauded it of about Rs 1.68 crore for services it rendered since last year. Yogendra Vasupal, co-founder of Stayzilla, an online hotel and homestay booking company, was arrested on March 14 for alleged cheating and criminal intimidation. He has twice been denied bail.
Radha also wrote to IT Minister Ravi ...