The Indian startup ecosystem went under unrest when the news of the Bengaluru-based online homestay booking marketplace Stayzilla's CEO, Mr Yogendra Vasupal's sudden arrest broke out.
It was only last month in February 2017 that Stayzilla had suspended its operations and now its CEO is arrested by Chennai Police on the grounds of fraud. The report against Stayzilla has it that Jigsaw Advertising had filed charges of fraud of INR 1.72 Cr against Mr Yogendra.
The arrest that took place late night on March 14 followed by questionings led by Assistant Commissioner of Police S Muthuvel Pandi and Inspector Anand Babu of the entrustment fraud wing of the Central City Crime branch.
Let's get a deep insight of Mr Yogendra Vasupal's article that he wrote on Medium.com right before his arrest and find out how he ended up in this trouble.
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