Finally, Stayzilla Founder Yogendra Vasupal gets out of jail after 30 days

An advertising firm charged him for non-payment of dues worth $263,000, reports Tech in Asia

Yogendra Vasupal, co-founder and CEO of Stayzilla, which shut down a couple of months ago, got out of jail yesterday. He had been granted bail a couple of days earlier on a surety bond of $62,000 deposited with the Madras High Court in Chennai.

Stayzilla was India’s largest Airbnb-style site until it was forced to shut down as it wasn’t able to raise another funding round in time. In the financial year ending March 2016, Stayzilla had losses of $14 million against a revenue of $2 million.

After the shutdown, an advertising firm in Chennai took Stayzilla’s founders to court on alleged