Mumbai (India) : StayVista has raised over INR 40 Cr in Series B funding, led by JSW Ventures, with participation from existing investors, DSG Consumer Partners and Capri Global Family Office. StayVista plans to deploy the fresh funds to expand into new geographies, further strengthen their team, and improve customer experience and supply-side strengths.
StayVista, India’s preferred villa rental platform with an average rating of 4.7 across 30K+ reviews, has 1,000+ operational properties across 85+ locations in India, and has served over 1 million happy customers till date. The company operates three categories of properties under their umbrella, catering to the mass premium, premium, and luxury segments. Customer experience lies at StayVista’s core; apart from accommodation, the company also offers customizable F&B services, event curation & planning, concierge services, among others, delivering a highly personalized and holistic experience for its travellers. The company leverages technology to streamline the entire vacation rental ecosystem, offering guests a seamless booking platform while empowering property owners with comprehensive property management, operations oversight, and booking optimization tools.
To ensure standardization and a high-quality experience for their customers, StayVista has set up stringent SOPs to ensure listed properties meet their brand guidelines in terms of amenities as well as maintenance. The properties listed on StayVista’s platform are largely second homes owned by individuals. StayVista has successfully created a win-win model for homeowners as well as its travellers.
Domestic travel in India is witnessing a surge, driven by rising disposable income and flexible work models. India’s vacation rental market stands at $22.3 billion and is expected to grow at a 9% CAGR to reach $34.1 billion by 2029. Within the travel sector, the holiday home rental market stands at $2.1 billion and is the fastest growing segment, at a CAGR of 13.5%.
Commenting on the fundraise, Pranav Maheshwari, Co-Founder at StayVista said, “Over the past few years, we have quietly but consistently built a strong foundation for long-term growth. Along the way, we have achieved several meaningful milestones — turning profitable, scaling to over 1,000 luxury homes, and hosting more than a million guests. Each of these achievements is a reflection of the trust our homeowners and guests place in us. As we look ahead, we are 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.”
Commenting on the investment, Sachin Tagra, Managing Partner at JSW Ventures said, “We are seeing a clear shift in preference of travellers 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. 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.”
