Indian alternative-accommodation site Stayzilla.com will use its $15 million Series B funding to increase the number of bookable properties to 50,000 by the end of year.
Currently it has more 20,000 options and makes a big deal about its drive to capture alternative accommodations – homestays, guest houses, resorts, B&B’s, jungle lodges, boat houses, paying guests.
It argues that this market is several times bigger than the traditional hotels sector.
The Series B funding has been led by newcomer Nexus Venture Partners with support from existing investor Matrix Partners.
