fbpx

StayVista raises Rs 40 Cr led by DSG

Luxury villa rental startup StayVista has raised Rs 40 crore in a new round led by DSG Consumer Partners with participation from Capri Global and CA Holdings.

The funding proceeds will be used to expand its footprint across the country to over 2,500 villas. Currently, StayVista operates around 500 villas across India.

Founded by Amit Damani, SayVista partners with luxury villa owners and provides them with manpower, operational expertise and marketing through its app and website. It also provides facilities such as food, housekeeping, music, and sightseeing, among others.

According to an ET report, the startup was valued at Rs 220 crore after the funding round. The firm’s key customer base is people who travel in groups and the average ticket size is about Rs 25,000. The startup charges a commission of about 30%.

Last year, StayVista’s made a revenue of about Rs 100 crore and aims to generate Rs 1,000 crore in 3-4 years.

StayVista seems to be an interesting startup with a persuading development on hospitality platform. This startup would continue to prosper in the future. Wishing this startup good luck in all its future endeavors.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For Editorial/Rectification please email aditi@startuplanes.com

Tags

top