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Venture Capital | 12 March 2012

StayZilla Raises Funding From IAN

by Irfan Khan
 
@irfan
Chennai based online hotel booking portal StayZilla has raised funding from @Indian_Angel. Financial details of the transaction were not disclosed.

Stayzilla was started in 2005 by Yogendra Vasupal as @Inasra 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.

Khazanah Nasional Sells 4.17% Stake In Yes Bank

Khazanah Nasional has sold 4.17% stake in Yes Bank Ltd for $106 Mn (R5.31bn) through block deal on NSE.

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Grocery E-Tailer BigBasket Plans PE Fund Raise

Bangalore based grocery e-tailer BigBasket is planning to raise around R300 Cr to expand its presence in Delhi, Chennai, Pune and Ahmedabad. It had recently raised $3 Mn from Singapore based investor.

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