Connect with us

Latest News

India’s Largest Online Home-stay Platform Stayzilla Shuts Down!

Published

on

India’s Largest Online Home-stay Platform Stayzilla Shuts Down!

India’s largest online homestay network Satyzilla shuts down its operations. The CEO of the company Yogendra Vasupal admitted about the closing of the company and also added that he will reboot it with another business model.

Yogendra in his official blog wrote: “We bring the operations to a halt and looking to reboot it with different business model. The hardest part is to bid goodbye to a perfect team that has accomplished a lot by putting Homestays on the map of India.”

He also shared his experiences saying: “The initial seven years we experienced negative working capital and positive cash flow. But in the last 3 to 4 years, I honestly admit that I have lost my path.”

Well, this might be probably the first time an Indian entrepreneur honestly admits the failure of his Startup. And that too after a day when he spoke about the layoff to his employees.

Mr.Vasupal made it clear that all the bookings within 28th February 2017, will be honored and the bookings made after this date will be canceled with 100% refund to the guests.

Stayzilla had a tough fight from its competitors like MakeMyTrip, Yatra.com, Goibibo and OYO rooms to name a few.

Stayzilla had more than 55000 stay options across 4000 towns in India. The platform caters to both travelers as well as homeowners who are looking for unique and differentiated stay experiences.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Prbjqvzf

    May 25, 2025 at 10:26 am

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycrypto casino.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

Published

on

Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

Continue Reading

Latest News

How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

Published

on

Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

Continue Reading

Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

Published

on

Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

Continue Reading
Advertisement

Recent Posts

Advertisement