India’s start-up leaders, including Flipkart founder Sachin Bansal, rallied behind Yogendra Vasupal, the founder of Stayzilla who was arrested by the Chennai police on charges of fraud, seeking intervention of Prime Minister Narendra Modi and local leaders in both Karnataka and Tamil Nadu.
Snapdeal founder Kunal Bahl, who has been under attack by vendors over delayed payments, says he was also a victim of people with bad intentions “Many startup founders, including myself, have seen the ugliness of getting on the wrong side of people with bad intentions,” Bahl wrote on microblogging platform Twitter.
The All India Online Vendors’ Association (AIOVA) has complained that Snapdeal owes vendors dues for over eight months and is in talks to resolve the issue.
“We stand together with entrepreneurs, startup India needs your support,” Flipkart founder Sachin Bansal wrote on Twitter, appealing to Modi. “Let the law take its course, but intimidation of Stayzilla founders crosses a line. It’s unhealthy for entrepreneurship in India.”
Bansal was joined by Snapdeal founder Kunal Bahl, InMobi founder Naveen Tewari and Ravi Gururaj, the head of Nasscom’s product council, on the platform to support Stayzilla.
“Entrepreneurship is the future of…