A source close to ET confirmed that Jigsaw Advertising had slapped charges of defrauding against the company causing Vasupal’s arrest.

Stayzilla focuses on room bookings, majority of which come from tier-II and tier-III cities. It competes with ventures such as MyGuestHouse.

Inasra Technologies, which owns hotel booking website Stayzilla.com, is looking to raise its second round of institutional funding, estimat...