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Baki sab thik ? • 10m
𝗪𝗵𝗮𝘁 𝘄𝗲𝗻𝘁 𝘄𝗿𝗼𝗻𝗴: 𝗪𝗶𝘁𝗵 𝗦𝘁𝗮𝘆𝘇𝗶𝗹𝗹𝗮?🏚️ 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? • Early Mover Disadvantages: It was before the internet in India, where educating the market and building infra was tough. • Lack of Profitability: It was a cash-burning machine. •Operational Issues: The company struggled with managing its network of suppliers. • 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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