Almost a month after Stayzilla’s shutdown, the founder of the company Yogendra Vasupal has been taken into police custody over allegations of non-payment of dues, according to this TOI report. However, Vasupal, in a Medium post, retracted allegations stating that he and his colleagues were threatened by his landlord and that the PR agency has framed charges against him. While shuttering operations last month, Vasupal said in a statement that the company would “reboot” operations with a different business model. The company initially began operations in 2007 as budget hotel aggregator and later moved on to offer homestays, which was launched in late 2015. The TOI report mentioned that Stayzilla defaulted in paying out Rs 1.72 crore to Jigsaw Advertising, a PR company based out of Chennai and that the founder Vasupal “confessed” to have committed fraud. Stayzilla’s COO Rupal Yogendra, however,…
