Home World Business Principals matter, not money: Stayzilla’s Vasupal on Jigsaw issue

Principals matter, not money: Stayzilla’s Vasupal on Jigsaw issue

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He sadi he would win this battle in the court

BS Web Team  |  New Delhi  April 17, 2017 Last Updated at 12:50 IST

Yogendra Vasupal, the co-founder of Stayzilla, is out on bail, after being arrested on criminal charges, filed by a vendor who claimed outstanding dues from the shuttered startup. 


In an interview with the Economic Times, he points out that was never a constraint. It was a matter of principle. 


He said that found discrepancies and forgery in much outdoor advertising done by Solutions. Ample opportunity was given to them to manage it but failed. Vasupal said he will win this battle in court. 


On the question of contracts, Yasupal said was an intermediary who did not raise invoices with for outdoor, print, radio. The invoices came from experienced media agencies who would then pass on a commission to  


Vasupal said that the threats started in December. Initially, there was a difference of opinion between him and (cofounder, Stayzilla). While Singhi favoured a complaint, which even our advocates stood by, he decided to let things cool down. They realised it was difficult to lodge a complaint, after being so late.


He added that the investors were kind to him and his family. He said this is the kind of support that an entrepreneur requires in India, on the ground and in trenches. 


He said there is no scope of mediation as he has done nothing wrong. 

Principals matter, not money: Stayzilla’s Vasupal on Jigsaw issue

He sadi he would win this battle in the court

He sadi he would win this battle in the court

Yogendra Vasupal, the co-founder of Stayzilla, is out on bail, after being arrested on criminal charges, filed by a vendor who claimed outstanding dues from the shuttered startup. 


In an interview with the Economic Times, he points out that was never a constraint. It was a matter of principle. 


He said that found discrepancies and forgery in much outdoor advertising done by Solutions. Ample opportunity was given to them to manage it but failed. Vasupal said he will win this battle in court. 


On the question of contracts, Yasupal said was an intermediary who did not raise invoices with for outdoor, print, radio. The invoices came from experienced media agencies who would then pass on a commission to  


Vasupal said that the threats started in December. Initially, there was a difference of opinion between him and (cofounder, Stayzilla). While Singhi favoured a complaint, which even our advocates stood by, he decided to let things cool down. They realised it was difficult to lodge a complaint, after being so late.


He added that the investors were kind to him and his family. He said this is the kind of support that an entrepreneur requires in India, on the ground and in trenches. 


He said there is no scope of mediation as he has done nothing wrong. 

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BS Web Team

Business Standard

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