Latest news with #PranavMaheshwari
Entrepreneur
8 hours ago
- 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.
Time of India
a day ago
- Business
- Time of India
StayVista raises over Rs 40 crore in Series B funding round
Luxury villa rental platform StayVista said it has successfully closed its Series B funding round raising over Rs 40 crore. The company said the investment was spearheaded by JSW Ventures , alongside continued backing from current investors DSG Consumer Partners and Capri Global . 'Over the past few years, we've quietly but consistently built a strong foundation for long-term growth. Along the way, we've achieved several meaningful milestones — turning profitable, scaling to over 1,000 luxury homes, and hosting more than a million guests," said Pranav Maheshwari, co-founder at StayVista. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo "Each of these achievements is a reflection of the trust our homeowners and guests place in us. As we look ahead, we're excited to build on this momentum and shape StayVista into not just India's largest villa hospitality brand, but also the largest platform for alternative accommodations in India," he added. The company said this 'significant' capital injection will empower StayVista to strategically expand into new markets, 'strengthen' its service offerings, and 'elevate' its guest and host experiences. Live Events Sachin Tagra, managing partner at JSW Ventures said he is seeing a clear shift in preference of travelers from hotels to alternate sources of accommodation. "With technology, standardization, and a strong customer-first philosophy, StayVista, being the largest player in this space, has a front row seat to capitalize on this trend," he said. "The founders have built a highly capital efficient business and we are excited to partner with StayVista as they continue to scale with multiple offerings," he added. Hariharan Premkumar, D and Head of India from DSG Consumer Partners commented saying the company is 'excited' to back StayVista for the third time. "We first invested in 2019 — and soon after, the pandemic upended everything we had underwritten. Through one of the toughest periods in hospitality, Ankita, Amit, and Pranav demonstrated remarkable grit, adaptability, and execution discipline," he said. "They've navigated multiple inflection points with clarity and composure — emerging stronger each time. StayVista is now the market leader in luxury homestays, built with capital efficiency and long-term focus," he added.
