Chennai based online hotel booking portal StayZilla has raised funding from Indian Angel Network. Financial details of the transaction were not disclosed.
Stayzilla was started in 2005 by Yogendra Vasupal as Inasra Technologies and rebranded in 2010 as Stayzilla. Stayzilla focuses on tier II towns and ensures that travellers can easily search and locate thousands of budget hotels across India, many of whom are not online. It has 3,800 hotels, lodges and even boathouses in its network.
Mumbai based Doormint (owned and operated by Blackcotton Solutions Private Limited) has raised $3 Mn in a Series A round led by Helion Venture Partners with participation from Kalaari Capital. It had received angel funding from Powai Lake Ventures this May.