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Samvad + Indus double-team $15m Nexus PE in hotel booking site

Samvad Partners advised venture capital firm Nexus Venture Partners on leading a $15m round of funding in Inasra Technologies – the company that owns hotel booking website Stayzilla.com. Inasra was advised by IndusLaw.

Samvad partner Harish Narasappa, senior associate Natasha Mahajan and associates Adrash G, Prashanth Mohan, Abraham Mathew Kandathil and Pranav Raju acted for Nexus.

Indus partner Kartik Ganapathy, senior associate Winnie Shekhar associate Deepti Agheda acted for Inasra.

Existing investor Matrix Partners was also part of this funding round, reported VC Circle adding that Stayzilla faces competition from MakeMyTrip and Yatra in the online hotel booking space which has also seen a recent reverse-bidding travel booking start-up Findmystay.

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