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Vedant SD
Finance Geek | Conte...ย โขย 1y
Stayzilla: A Bangalore Startup's Demise Stayzilla, a once-promising Bangalore-based startup in the budget accommodation space, collapsed in 2017 due to a combination of factors: * Unsustainable Growth: Rapid expansion strained resources and proved unsustainable. * Operational Issues: Quality control and customer service suffered, leading to a loss of trust. * Financial Mismanagement: A flawed revenue model and excessive spending led to a cash flow crisis. * Legal Battles: Disputes with vendors and customers exacerbated the company's woes. Stayzilla's downfall serves as a cautionary tale for startups, highlighting the importance of: * Sustainable growth * Operational efficiency * Financial prudence * Legal compliance Source: Economic Times Article on Stayzilla Shutdown DYOR
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