Latest news with #AmitDamani
Entrepreneur
27-06-2025
- Business
- Entrepreneur
JSW Ventures Leads INR 40 Cr Round in Villa Rental Platform StayVista
The funds will be used to expand operations, strengthen the team, and enhance customer experience. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. JSW Ventures, the venture capital arm of the JSW Group, has led an INR 40 crore investment round in villa rental platform StayVista, with participation from existing backers DSG Consumer Partners and Capri Global Family Office. The funds will be used to expand operations, strengthen the team, and enhance customer experience, according to the company's official statement. Founded in 2019 by Ankita Sheth, Amit Damani, and Pranav Maheshwari, StayVista offers a curated selection of luxury villa rentals, primarily comprising second homes owned by individuals. The company currently operates 1,000 properties across 85 locations, having served over 1 million customers to date. "StayVista is the largest player in the space and is well-positioned to benefit from the growing demand for alternative accommodations," said Sachin Tagra, Managing Partner, JSW Ventures. "It's a capital-efficient business with significant growth potential." Co-founder Pranav Maheshwari added, "We aspire to make StayVista not just India's largest villa hospitality brand, but also the go-to platform for alternative accommodations." StayVista's model provides a win-win for both homeowners and travelers, allowing property owners to monetise their second homes while offering unique stay experiences. The Indian vacation rental market, currently valued at USD 22.3 billion, is projected to grow at 9% annually, reaching USD 34.1 billion by 2029, driven by rising disposable incomes and flexible work trends. JSW Ventures focuses on early-stage investments in tech-led startups, with a portfolio spanning healthtech, agritech, fintech, and AI-powered enterprise solutions.
India.com
24-06-2025
- Business
- India.com
Meet Amit Damani, a school teacher who started his own business, turned Rs 5 crore venture to Rs 1400000000 empire, his business is…, net worth…
New Delhi: Amit Damani, a former Mumbai school teacher, has transformed his family villa into a business worth Rs 110 crore. In 2015, Amit co-founded Stay Vista along with Ankita Sheth and Pranav Maheshwari. Today, the company offers over 500 luxury villas in more than 50 locations in India. In this article, we will look into Amit Damani's journey to success. How it all started: Amit Damani, along with Ankita Sheth and Pranav Maheshwari, co-founded Stay Vista in 2015. During the initial days, the company was called Vista Rooms. It collaborated with small hotels and homes to offer rooms on rent. In 2017, Amit transformed Vista Rooms into Stay Vista, shifting the focus to luxury villas. According to Amit, the idea came from his family's villa located in Lonavala. Lonavala is 83 kilometers from Mumbai. Amit's grandmother, who is from Varanasi, moved to Mumbai after marriage. Before marriage, she used to live in large houses with spacious open lawns. That was difficult to find in Mumbai. So, Amit's grandfather built a villa for her in the beautiful hill town of Lonavala. Amit decided to talk to her grandmother before renting out the villa. He explained to her that the property would remain with them, but it would be well-maintained and also generate income. She agreed. As the idea grew, their relatives, friends, and acquaintances registered their properties with StayVista under management contracts. In this way, a successful network of villas was built. All You Need to Know About StayVista StayVista began its journey in the first year with 50 properties. In the second year, this number grew to 100, then to 300 in the third year, and now the company manages over 550 properties. The company's revenue also saw a significant rise — from Rs 5 crore in 2018 to Rs 40 crore in 2020, and now it has crossed ₹110 crore. StayVista currently offers two types of villas One category includes properties with 6–8 rooms and 4-star hotel amenities; the other features villas with 12–15 rooms and 5-star facilities. The smallest property listed on StayVista is a one-room cottage in Ooty and Mukteshwar. The largest villa is a 13-room cottage located near Mumbai in Alibaug. Among their unique offerings are historical estates like the Khohar Haveli on the outskirts of Delhi, built in the 1800s, and the Normandy House in Dehradun, constructed in the 1700s by a Frenchman. They also offer villas set amid tea and coffee plantations.
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Business Standard
26-05-2025
- Business
- Business Standard
StayVista forays into branded residences, targets Rs 250 crore in FY26
The villa rental platform, with a leisure-city portfolio target of 80:20, enters metro markets and aims to expand in Delhi-NCR, Pune, Mumbai and Bengaluru Luxury villa rental firm StayVista forayed into the branded residences market earlier this month as domestic travel continues to see increased activity. The company currently has a negligible city-location portfolio but aims to increase the leisure-city mix to 80:20 in the next two–three years. "While the market is still nascent, demand is definitely growing. We wanted to offer people a home-like experience in metro cities for people who are away from homes for a longer duration," Amit Damani, co-founder, StayVista, told Business Standard. Starting in Delhi–NCR, where it currently has three residence properties, it plans to expand the offering to new geographies like Pune, Mumbai and Bengaluru. With this new foray, the company is eyeing an additional revenue of Rs 25 crore. "In residences, we are seeing a bigger demand for shorter stays — typically for two nights, but almost 20 per cent of the demand is for longer stays spanning a fortnight," Damani said. "The offering is visibly different from our leisure offerings and as many as 30 per cent of our bookings are for entire apartments, while a majority are for separate individual bedrooms within a larger apartment," he added. With an aim of launching an initial public offering in 2028, the company plans to cross Rs 250 crore in revenue in financial year 2025–26 (FY26). In FY25, the company has grown to a portfolio size of 1,000 villas and recorded revenue of Rs 120 crore, with a net profit of over Rs 2 crore.
Yahoo
14-02-2025
- Entertainment
- Yahoo
Hettich Partners With Pixelfox to Create a Magical Valentine's Day Campaign
What does love feel like—it's not loud or demanding. It's silent, seamless, and always there—just like great design. MUMBAI, India, Feb. 14, 2025 /PRNewswire/ -- This Valentine's Day, Hettich India, in collaboration with Pixelfox, set out to capture love in its purest form. Not the over-the-top, grand gestures, but the quiet, everyday moments that truly matter. 'Love Feels Like Magic'—an exploration of how emotions and design go hand in hand, where the smallest, almost unnoticed details create the most profound impact. Why This Campaign: In a world where brands often chase trends, Hettich India wanted to humanize design. Love, much like a well-crafted space, isn't about complexity, it's about the effortlessness of being understood, supported, and free to move without resistance, just like Hettich fittings, which work quietly in the background, making homes feel intuitive and graceful. The campaign wasn't just about storytelling; it was about making people feel something special. The Journey from Emotion to Engagement It began with intrigue—thought-provoking posts that made people reflect on love in its truest form. A teaser reel followed, building anticipation before unveiling the main film, a poetic visual that captured love's silent strength. The film draws a parallel between Hettich's smooth, seamless fittings and the effortless beauty of love—understanding and always being there. Taking it beyond just a passive experience, Hettich introduced an interactive contest, inviting people to complete the phrase, "Some furniture solutions feels just like love because..."The response was overwhelming, proving that the smallest things—whether in relationships or design—leave the biggest impact. YouTube Link: Love Feels Like Magic Jiteen Aggarwal, CMO, Hettich India, expressed, "At Hettich, we see our solutions as more than functionality—it's about creating experiences that feel magical. This campaign draws a strong emotional connect between the ethos of love and our brand essence of being effortless, silent, seamless, enduring and magical. After all #LoveFeelsLikeMagic." Amit Damani, Founder, Pixelfox, added, "This campaign was about more than just a Valentine's Day celebration; it was about storytelling that resonates. We wanted to craft a narrative that not only showcases the elegance of Hettich's fittings but also deepens the emotional bond between design and human experience. Every phase of the campaign—from intrigue to reveal to interaction—was strategically crafted to reflect this." With 'Love Feels Like Magic,' Hettich India once again highlights its expertise in blending innovation with emotion, proving that the best experiences—whether in love or in interiors—are the ones that feel truly magical. About Hettich India Hettich is a 136-year-old family-owned German lifestyle brand, being one of the world's largest manufacturers of Furniture Fittings with a global turnover exceeding 1.5 billion euros. In India, Hettich started operations at the dawn of the new millennium and within a short span of time gained an undisputed leadership position in the Indian furniture fittings and hardware industry. Hettich's product portfolio comprises a repertoire of Furniture Fittings & Door Hardware made with cutting-edge German quality complemented by Wire Products, Aluminum Profiles, Shelving Systems, Built-in Appliances and Furniture Lights, thereby providing holistic fitting solutions for all residential and commercial spaces. It is also the recipient of 'Best Brands 2022 & 2023' by the Economic Times and the 'Most Trusted Brands of India 2023 & 2024' by Marksmen Daily recognitions for its unwavering customer trust and strong brand equity. Media Contact Samina Zaidi+91 Photo: View original content to download multimedia:
