Unpaid dues? StayZilla co-founder arrested on cheating charge

It raised $34 mn in 4 funding rounds from Nexus Venture Partners and Matrix Partners, among others.

Yogendra Vasupal, co-founder of homestay aggregator StayZilla, which recently shut shop, has been arrested by the Chennai police after an advertising agency filed a cheating case against him over unpaid dues, his lawyer said.

Jigsaw Advertising filed a complaint under the penal code section on cheating. A bail application would be moved when Vasupal was produced before a magistrate, his advocate, Muzzafar, said. It is not clear how much StayZilla owes to Jigsaw and other vendors.

StayZilla decided to halt operations in February and said it was looking at a different business model. "This has been one of the toughest