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Udyamee
Baki sab thik ?ย โขย 1y
๐ช๐ต๐ฎ๐ ๐๐ฒ๐ป๐ ๐๐ฟ๐ผ๐ป๐ด: ๐ช๐ถ๐๐ต ๐ฆ๐๐ฎ๐๐๐ถ๐น๐น๐ฎ?๐๏ธ India had Stayzilla before the world got Airbnb and Oyo. Founded in 2005 initially as Inasra, it was later rebranded as Stayzilla in 2010 in an effort to expand to all districts (Zillas). It was an online platform for booking homestays, alternative accommodations, and hotels across the country. After raising almost $34 million in funding, the company had over 15,000 listed properties across 4,500 towns in India by 2016 before shutting down in 2017. So what went wrong? โข Early Mover Disadvantages: It was before the internet in India, where educating the market and building infra was tough. โข Lack of Profitability: It was a cash-burning machine. โขOperational Issues: The company struggled with managing its network of suppliers. โข Legal Troubles: In 2017, the founder was arrested in a fraud case filed by one of its vendors. The End: After the arrest of its founder and due to heavy losses, Stayzilla shut down in 2017
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