The Founder’s of Stayzilla yesterday made an entry to Sad Stories Book by announcing the shut down of its Operations and planing to Reboot it with a different business model. The Startup was found in the Year 2005 and aggregated funds totaling to 34 Million Dollar funding in various rounds of funding.The Founders of Startupzilla are Yogendra Vasupal, Sachit Singhi and Rupal Yogendra and operated in Hospitality & Travel Space.It was the India’s Largest Startup in Network of Homestays.
Stayzilla entered the Sad Stories Book due to financial burden it was facing because of the high competition it had in this segment. The demand and supply both had to be balanced and created and in order create the supply the startup had invested heavily and to manage the home stay market and be in market it had to offer huge discounts which led stayzilla shut down its operations.
Next Big What has announced an initiative to help the laid off employees of Stayzilla themed “Save the talent” .The campaign “save the talent” has been live on twitter , Facebook & linked where in it helps the laid off employees of stayzilla to be hired by new startup companies . We at Chartered Blogger are also joining the campaign and extend an offer to all the laid of employees of stayzilla under save the talent campaign. We are hunt of 100 nos of talented content writer’s any one who experience in content writing can write to us “contact at charteredblogger.com” we are happy to review your resume and hire on the salary you had been drawing with stayzilla.