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Woman Entrepreneur Writes to PM Modi Against Stayzilla Fraud

3Apr By AdityaNo Comments

News

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 ...

Amid Stayzilla Controversy, Karnataka IT Minister Said No Startups, Vendors Are Above The Law

26Mar By AnkitaNo Comments

INDIA, News

Amid Stayzilla Controversy, Karnataka IT Minister Said No Startups, Vendors Are Above The Law

Amid the raging Stayzilla controversy, Karnataka IT Minister Priyank Kharge today said no industry, including startups and vendors, are above law and should function within the parameters and anybody raising money should pay up. Yogendra Vasupal, co-founder of Stayzilla, was arrested on March 14 for alleged cheating and criminal intimidation. "Stayzilla controversy has been blown out of proportion. However the advise I would give in this whole episode is that there are rules and regulations for everyone - whether it is for SMEs, startups or big corporations."If you have raised or taken money, you have to pay up. You cannot say I will not pay," Minister told Pixr8. Asked whether advertising firm Jigsaw alone should be blamed for the entire Stayzilla episode, as alleged by Vasupal, ...

Stayzilla Sign Partnership Agreement With Punjab Heritage & Tourism Promotion Board

30Sep By NitishNo Comments

BUSINESS

Stayzilla Sign Partnership Agreement With Punjab Heritage & Tourism Promotion Board

Stayzilla, which offers a platform for verified homestays and alternate stays, has entered into a partnership with Punjab Heritage and Tourism Promotion Board (PHTPB) to jointly promote unique stays in the state. As per the Memorandum of Understanding, the company will assist PHTPB with verification procedures and jointly boost homestays and unique stays like farm stays, bed and breakfast and tented rooms within Punjab, Stayzilla said in a statement. "Our partnership with India's one of the leading Homestay aggregator will help in the growth of homestays across the state and address the under supply of quality rooms," Punjab Minister of Tourism and Cultural affairs and Archives and Museums Sohan Singh Thandal said. Stayzilla will be the strategic partner to help educate the locals...

Stayzilla Signs MoU With Madhya Pradesh Government

22Jun By NitishNo Comments

BUSINESS

Stayzilla Signs MoU With Madhya Pradesh Government

Stayzilla.com, one of the leading platforms (website and app) for verified homestays and alternate stays and Madhya Pradesh State Tourism Development Corporation (MPSTDC) signed a memorandum of understanding (MoU) for joint promotion and development of homestays in Madhya Pradesh. The MoU was signed in the presence of the Hon'ble Chief Minister of MadhyaPradesh, Shri Shivraj Singh Chouhan, Ms.Tanvi Sundrayal, Additional Managing Director, MPSTDC and Mr. Yogendra Vasupal, Founder and CEO, Stayzilla.com. Under this agreement, Stayzilla will support verification procedures, jointly boost homestays in cities and places of interest within Madhya Pradesh. All homestays registered with MPSTDC will receive technical support in the form of inventory management and software applications to ensur...

OYO Enters North-East, Offers 250 Rooms in Gangtok, Darjeeling

16May By AnkitaNo Comments

News

OYO Enters North-East, Offers 250 Rooms in Gangtok, Darjeeling

Online aggregator of branded hotels OYO Rooms has expanded its presence in the north-east by offering more than 250 standardised rooms in Gangtok and Darjeeling. "We have made significant investments to expand our presence in key tourist destinations in the north-east like Gangtok and Darjeeling. Our teams have worked very hard to deliver OYOs level of standardisation of guest experience in the hotels...," OYO Rooms Founder and CEO Ritesh Agarwal said in a statement. "The hospitality sector is still underdeveloped in the north-east and we are certain that the introduction of OYOs standardised affordable stays will attract more tourists," he added. The company now offers more than 250 standardised rooms at rates as low as Rs 999 per night in Gangtok and Darjeeling for and premium rooms...

13May By PriyankaNo Comments

FUNDING

Online Hotels Aggregator Startup Stayzilla Raises $13 Million Funding

As per the mint report, Stayzilla has raised $13 million Series C funding from existing investors Matrix Partners and Nexus Ventures, according to documents filed with the Registrar of Companies. In report the funding round of online aggregator of budget hotels split into three tranches of $8.8 million (Rs.58.5 crore), $1.9 million (Rs.13 crore) and $2.4 million (Rs.16.3 crore), between November 2015 and March 2016. About Stayzilla - Stayzilla was founded by Yogendra Vasupal, Sachit Singhi and Rupal Yogendra. The company which started off by offering travelers stay options in budget hotels, last year forayed into home stays, connecting travellers with homeowners with spare accommodation in their houses. Earlier, Stayzilla raised close to $20 million from Nexus Venture Partners...