Indian Angel Network (IAN) has made an investment of half a million dollars in Chennai-based ‘Stays only’ online booking firm StayZilla, that offers value-stays in any district (Zilla) through an inventory of 3751 hotels in 600 towns in India.
StayZilla is started by Yogendra Vasupal, who earlier launched Inasra in 2005 and later, rebranded the service to StayZilla in 2010. The online hotel booking service offers consumers a wide choice of hotels which one can filter based on several criteria like amenities/leisure options/cuisine etc.
IAN has invested half a million dollars into the company, which will help StayZilla to expand its network of properties, upgrade its technology platform and build a strong foundation for a scalable business. IAN investor Ravi Krishnappa led the IAN investment in StayZilla.
An interesting aspect of StayZilla is that they offer you bundled services like pickup from railway station/airport etc, making it much easier to chose them over their competitors.
Last year (August 2011), Yatra acquired MagicRooms, a GDS for hotels floated by ex-Via cofounder, Niranjan Gupta. Unlike online aggregators, MagicRooms was in the business of distribution of hotel room inventory to offline agents, online portals and corporates – i.e. a pure play GDS service.