The Death Of A Startup: This Is What Stayzilla’s Last Days Were Like

The Death Of A Startup: This Is What Stayzilla’s Last Days Were Like

On 23rd February, Stayzilla CEO Yogendra Vasupal published his first ever post on the company’s new blog – and it wasn’t good news. Stayzilla will be rebooting its operations, the post somberly declared. The company had had enough of the discount wars, and was choosing to bow out.   The announcement was met with shock by the startup community – Stayzilla had raised over Rs. 200 crore, and was thought by many to be a successful, fledgling company. But more…

Stayzilla CEO Yogendra Vasupal’s Bail Petition Dismissed Again, Police Now On Lookout For Cofounder

Stayzilla CEO Yogendra Vasupal’s Bail Petition Dismissed Again, Police Now On Lookout For Cofounder

Things aren’t working out for jailed Stayzilla CEO Yogendra Vasupal. The courts have again quashed his bail petition, meaning that the entrepreneur will continue to remain in prison. Vasupal, who had been arrested two weeks ago on charges of fraud and not paying dues to his vendors, has now now been sent back to Puzhal jail. The police are now on the lookout for Vasupal’s cofounder Sachit Singhi. Last week, a Special Metropolitan Magistrate court had dismissed his…

Elon Musk Has Launched A New Startup That’ll Implant Electrodes Into Human Brains To Make Them Smarter

Elon Musk Has Launched A New Startup That’ll Implant Electrodes Into Human Brains To Make Them Smarter

If you thought Elon Musk was already working on enough world-changing ideas, he’s just added another one to the list. Musk has launched Neuralink Corp, a startup working on what he calls “neural lace” technology. The idea, in true Muskian fashion sounds outlandish – Neuralink will work on implanting tiny brain electrodes into people’s heads that will one day upload and download thoughts. But Musk has often worked on seemingly impossible ideas, and brought them…

People Are Slowly Questioning The Startup Community’s Blind Support To Jailed Stayzilla CEO

People Are Slowly Questioning The Startup Community’s Blind Support To Jailed Stayzilla CEO

The Indian startup ecosystem has never been short on gyaan. There are plenty of conferences, mentors, and advisors, who dish out lots of advice on every little aspect of building and scaling a company. None of them, though, talk about what to do if you end up in jail. The news of Stayzilla CEO Yogendra Vasupal’s arrest was first met with disbelief, then outrage. This isn’t something that’s supposed to happen to us, the Indian startup ecosystem seemed to say….

This Delhi Startup Is Fighting Workplace Stress With An Unconventional New Tool: Dogs

This Delhi Startup Is Fighting Workplace Stress With An Unconventional New Tool: Dogs

Avid dog lovers – and internet video watchers – would attest that dogs are some of the most effective inducers of happiness around. A startup is now trying to institutionalize this. Fur Ball Story, founded by a bunch of pet lovers, provides ‘pet therapy’ sessions at corporates, hospitals, educational institutes and even residences. The startup is the brainchild of Animesh Katiyar, a lawyer and the idea germinated when Katiyar’s college got two labrador puppies on campus for recreation. But the puppies ended…

Uber’s Self Driving Car Crashes; Company Suspends Program In Arizona

Uber’s Self Driving Car Crashes; Company Suspends Program In Arizona

Uber’s ambitious self-driving program has hit a bit of a speed bump. One of the company’s self driving cars crashed in somewhat spectacular fashion in Tempe, Arizona. The car was photographed lying on its side by onlookers. #UPDATE: No injuries yet reported in an accident involving a self-driving #uber, captured by @fresconews user Mark Beach in Tempe, AZ. pic.twitter.com/kmizvRD5WP — Fresco News (@fresconews) March 25, 2017 There are no details yet on how the incident took…

Elon Musk Reveals How The Latest Tesla Model Came To Be Called Tesla 3

Elon Musk Reveals How The Latest Tesla Model Came To Be Called Tesla 3

Consumer companies usually spend time and effort in coming up with their product names. There are brainstorming sessions, focus groups, and legions of consultants who determine which names will appeal to which target demographic. But Tesla, the world’s biggest electric carmaker, seems to employ a decidedly unconventional method of naming its prize products. Tesla has two variants of its electric cars – the Model S and the Model X. When Tesla was coming up with a…

Freecharge Pulls Out Of IPL Contract Following Cash Crunch

Freecharge Pulls Out Of IPL Contract Following Cash Crunch

Snapdeal’s recent troubles have spilled over to its wallet company, Freecharge. Freecharge has pulled out of its IPL contract 12 days before the tournament is to begin. Freecharge had signed a Rs. 100 crore contract with the BCCI  in 2015, which was to give it on-ground sponsorship rights for two years. But Freecharge won’t be associated with the IPL this year following a cash crunch at its parent company.    Snapdeal has had a difficult few months,…

Stayzilla CEO Yogendra Vasupal Denied Bail, Will Continue To Remain In Chennai Prison

Stayzilla CEO Yogendra Vasupal Denied Bail, Will Continue To Remain In Chennai Prison

Stayzilla CEO Yogendra Vasupal’s bail petition has been dismissed by a Special Metropolitan Magistrate court. Vasupal had been arrested 9 days ago on charges of cheating Jigsaw Solutions, an online advertising agency which claimed that Stayzilla owed it Rs. 1.5 crore. Vasupal had earlier announced that he was rebooting Stayzilla after failing to compete effectively with bigger players in the market.  “Since a police custody application is pending, bail cannot be given at this moment,” judge MM…

Several Paytm Employees Turn Crorepatis Over Last Few Weeks Through Sales Of Company Stock

Several Paytm Employees Turn Crorepatis Over Last Few Weeks Through Sales Of Company Stock

Paytm had benefited from the government’s demonetization move last year – and its employees are now cashing in. About 47 employees have sold Paytm shares worth Rs. 100 crore over the last few weeks, the Economic Times reported. This averages out to over Rs. 2 crore per employee. Paytm was last valued at $4.8 billion (Rs. 31,200 crore) during its fundraise in 2016. Paytm has had an ESOP program for seven years, and 500 of its 4,000…

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