India: Matrix-backed Stayzilla shuts down, says will 'reboot' with different model

India: Matrix-backed Stayzilla shuts down, says will 'reboot' with different model

(From left) Stayzilla founders Sachit Singhi, Yogendra Vasupal and Rupal Yogendra.

As the cracks continue to show in the consumer internet space, the financial pressure took its toll on Matrix and Nexus Venture-backed home stays aggregator Stayzilla that announced its shutdown on Thurday.

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