2 days ago
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.
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"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.
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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.
