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StayZilla raises funds from Indian Angel Network
StayZilla raises funds from Indian Angel Network
By: iMedia News Bureau

Chennai based online booking destination has raised an undisclosed amount of money from one VertExperts, one of the lead investors of Indian Angel Network (IAN). 

Started in 2010, StayZilla offers an inventory of 3,800 hotels in 448 cities in India with rooms ranging from Rs.250 to Rs.60, 000. It offers value stays to the masses from across all Tier II and III cities in India. The company was started by Yogendra Vasupal who earlier launched Inasra in 2005 and later, rebranded the service to StayZilla in 2010. The service offers consumers with various facilities like shuttle services from railway station/airport.

VertExperts Consulting LLP is a Bangalore based business consulting partnership that provides Seed/Angel funding and Business incubation services.

“Given the increased family mobility across the country, VertExperts believes this has great potential in the coming months and years. All data corroborates with the fact that domestic travel is booming across the country and will continue to grow at a frantic pace,” said the company.