[ Stayzilla raises $13 mn from existing investors ]

Indian homestay platform Stayzilla has raised $13.5 million in funding over the past five months from existing investors Matrix Partners India and Nexus.

Stayzilla was founded by Yogendra Vasupal, Sachit Singhi and Rupal Yogendra. The company which started off by offering travelers stay options in budget hotels, last year forayed into home stays, connecting travellers with homeowners with spare accommodation in their houses.

The company will use the funds raised to improve product and technology and marketing initiatives for the alternate stay business, said Bajaj.

Funding  Series C
Founded  2005
Country  India
City  Chennai
Founder / CEO  Yogendra Vasupal
Deal Size  $13.5M
Investors  Nexus Venture Partners
 Matrix Partners
Previous Investors  same as above
 Sequoia Capital
 Matrix Partners India

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