- SC Rejects Stayzilla CEO’s Plea Against Insolvency Order The Stayzilla saga has taken another ugly turn. Reportedly, a divisional bench of Supreme Court has dismissed the civil appeal of Stayzilla founder Yogendra Vasupal on March 21, 2018. The decision came three months after the court gave an interim order of status quo in an appeal against the insolvency proceedings of the homestay aggregator. […]
- VC Firm Nexus Venture Partners To Raise Fifth Fund Of Upto $400 Mn Homegrown VC firm, Nexus Venture Partners, is expected to raise its fifth fund targeting a corpus of $350Mn-$400 Mn. An ET reported cited three people close to the development, who said that the VC firm will increase the share of investments in US based software companies. Nexus Venture Partners was founded in 2006 by three […]
- 2017 In Review: The Top 10 Controversies That Shook The Indian Startup Ecosystem This article is part of Inc42’s Year-End Stories for 2017 where we’ll highlight the major developments, issues, controversies of 2017 and their impact on the Indian startup ecosystem. Find all the stories of this series here. “The first rule of change is controversy. You can’t get away from it for the simple reason that all […]
- 2017 In Review: 17 Indian Startups That Fell Into The Startup Death Valley This article is part of Inc42’s Year-End Stories for 2017 where we’ll highlight the major developments, startup shutdowns from 2017 and their impact on the Indian startups and the ecosystems. Find all the stories of this series here. Taskbob, Shopo, Stayzilla. At the start of 2017, the industry might have looked upon these names with […]
- News Roundup: 11 Indian Startup News Of The Week [13 -18 Nov] We bring you the weekly dose of important Indian startup news of the week. The prime newsmaker of this week in the Indian startup ecosystem was Reliance Jio who is working with corner stores, or ‘kiranas’, and consumer brands to create an operational model that will enable shoppers to buy at neighborhood shops using digital […]
- Stayzilla Saga: Supreme Court Orders Status Quo in Homestay Aggregator’s Appeal Against Insolvency In a recent development in the Stayzilla case, the Supreme Court has given an interim order of status quo in an appeal against the insolvency proceedings of the homestay aggregator. The order thus freezes the insolvency resolution process (IRP) ordered by the National Company Law Tribunal (NCLT) in September this year. The National Company Law […]
- 10 Indian Startup News That You Don’t Want To Miss This Week [News Roundup] We bring you the weekly dose of important Indian startup news of the week. One of the major news which surfaced in the Indian startup and tech ecosystem was AIPC lifting the ban from 31 startups who were shown doors last year for placements. In August 2016, IITs banned over 31 startups after several incidences […]
- Stayzilla Saga: NCLT Orders Insolvency Proceedings Against Homestay Aggregator The National Company Law Tribunal bench in Chennai has ordered the initiation of insolvency proceedings against defunct homestay network StayZilla. The startup became a nationwide sensation in June 2017, when Yogendra Vasupal, CEO and co-founder of Stayzilla, was arrested on charges of fraud for about $265K (INR 1.72 Cr) by Jigsaw Advertising Agency. For the […]
- Startup Shutdowns In India: 8 Startups That Called It Quits In 2017 Note – Find the updated list of Startups that failed in 2017, from Inc42’s #2017InReview series. In a dynamic entrepreneurial environment, startup shutdowns are a part of the ecosystem. This is an undeniable fact. As per a recent IBM and Oxford study, 90% of the startups in India fail within the first five years of inception. […]
- News Roundup: 10 Indian Startup Stories You Don’t Want To Miss This Week [24 April – 29 April] Cab aggregator Uber filed a suit against taxi owners and drivers associations seeking $1.9 Mn (INR 12.41 Cr) in damages for harming its reputation and the livelihood of drivers. The suit named the Sangharsh Tourist Chalak Malak Sangh, an association of taxi owners and drivers; Action Committee of Maharashtra against Ola and Uber, Mumbai Vikas […]
- Madras High Court Grants Anticipatory Bail To Stayzilla Co-founder Sanchit Singhi Stayzilla co-founder Sanchit Singhi was granted anticipatory bail by the Madras High Court on Wednesday, as per an ET report. The bail was granted in the case where Singhi and Stayzilla’s other co-founder Yogendra Vasupal were accused of allegedly duping Jigsaw Advertising Agency for $265K (INR 1.72 Cr). Justice S Baskaran granted the anticipatory bail […]
- News Roundup: 10 Indian Startup Stories You Don’t Want To Miss This Week [10 April – 15 April] After the Stayzilla and TVF incident, founders of media startup Scoopwhoop have now come under fire. A former female employee has accused co-founder Suparn Pandey of sexual harassment and sexual assault during her two-year tenure at the company. Pandey’s application for anticipatory bail has already been denied. In order to gain team support, CEO and […]