Post by High Priestess on Feb 25, 2017 16:58:06 GMT
I didn't even know that India had its own Airbnb type company -- but now it's too late to use it, as they are closing, having run out of money.
techcrunch.com/2017/02/23/stayzilla-gonezilla/
The company was founded 6 years ago and had raised $34 million from investors, including a $20 million in 2015. However, nbow it is pausing and rebooting, CEO and co-founder Yogendra Vasupal explained in a blog post.
The company reached a network of over 50,000 accommodation options across more than 900 towns in India, and clinched deals with local government tourism organizations, but it looks like it ran out money — although Vasupal did not mention the current financial situation and did not reply to our request for clarification.
techcrunch.com/2017/02/23/stayzilla-gonezilla/
The company was founded 6 years ago and had raised $34 million from investors, including a $20 million in 2015. However, nbow it is pausing and rebooting, CEO and co-founder Yogendra Vasupal explained in a blog post.
The company reached a network of over 50,000 accommodation options across more than 900 towns in India, and clinched deals with local government tourism organizations, but it looks like it ran out money — although Vasupal did not mention the current financial situation and did not reply to our request for clarification.