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.
Luxury Hues, a marketing consultancy and shopping venture for luxury goods, has raised about R6 Cr ($1 Mn) in a fresh round of funding from from Reliance Capital and investment banker Ravi Viswanathan.