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Articles tagged “Stayzilla”

Travel Startup Founder’s Jailing Prompts Backlash from India’s Tech Leaders

Travel Startup Founder’s Jailing Prompts Backlash from India’s Tech Leaders

Saritha Rai, Bloomberg

Stayzilla, a short-term rental marketplace, closed last month. A company has had the CEO jailed, claiming the man is liable for an unpaid bill. If intimidation is overriding bankruptcy law, then Prime Minister Narendra Modi, who has a “Startup India” drive, should speak out.

3 years ago

Stayzilla Closes Indian Alternative Lodging Business Despite Raising $34 Million

Stayzilla Closes Indian Alternative Lodging Business Despite Raising $34 Million

Sean O'Neill, Skift

It was only last May that Stayzilla received $13 million in a Series C round. An impressive-seeming execution must have blinded investors to spreadsheet data showing the company was not generating enough revenue to cover its costs.

3 years ago