'Success is not defined by how much funding you can raise'

OYO Rooms may have taken pole position in the hotels aggregation space, but Bangalore-based Stayzilla is not worried. Stayzilla says its strategy is to turn profitable within two years by deepening its focus in the homestay segment, report CNBC-TV18's Adith Charlie and Arundathi Ramanan.

Having raised over USD 100 million in the latest funding round, OYO Rooms is the most capitalised hotel aggregator in the country, but rival Stayzilla, which recently netted USD 13 million from existing investors, believes funding alone cannot define success.

Says Co-founder and CEO Yogendra Vasupal: “We grew year-on-year till 2013 without raising any funds. So I would say given the fact that 90-95 percent of investments do not work out, just who can raise capital deciding success has not worked before, won’t work again. There are trends that show up at a later point in time as sustainable or unsustainable.”

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