In a clear vote of confidence for India’s luxury travel segment, StayVista, a premium villa and homestay rental startup, has raised ₹40 crore (approx. $4.6 million) in a Series B funding round led by JSW Ventures, with continued support from DSG Consumer Partners and the Capri Global Family Office.
The capital infusion marks a strategic moment in the company’s trajectory as it looks to scale beyond high-end accommodations into end-to-end vacation experiences across India’s emerging and established leisure destinations.
Growth Backed by Demand Shifts
Founded in 2015 by Ankita Sheth, Amit Damani, and Pranav Maheshwari, StayVista has benefited from a post-pandemic travel surge that favours privacy, exclusivity, and destination-driven getaways. The company operates in over 85 destinations and manages a curated portfolio of 1,000+ luxury properties, having already catered to more than 1 million guests.
Its dual-revenue model combines:
- B2C: Offering premium homestay rentals to travellers
- B2B: Providing property maintenance services and tech-enabled tools to villa owners
This hybrid approach positions StayVista not just as an aggregator but as a full-stack ecosystem player in India’s vacation rental space.
What the Funding Means
According to the company, the newly raised funds will be channelled into:
- Geographic expansion beyond current strongholds
- Supply-side service enhancement (likely tech and partner support)
- Talent acquisition across functions to support scale
This is crucial, especially as StayVista eyes smaller towns and tier-2 leisure hubs that are fast becoming aspirational travel destinations for India’s urban population.
Improvement in Key Metrics
- FY24 Revenue: ₹14.03 crore (up 23% from FY23)
- Net Loss: Narrowed to ₹82.81 lakh (vs ₹1.17 crore in FY23)
This improving financial trajectory gives the startup more room to experiment with premium partnerships, brand integrations, and possibly global expansion in high-demand South Asian markets.
Industry Impact & Competitive Landscape
StayVista competes with other luxury rental platforms like Elivaas, Le Collectionist, and Edge Retreats, but differentiates itself through:
- Deep integration with global platforms like Airbnb, MakeMyTrip, Marriott Bonvoy
- A personalised guest experience model
- Focus on long-term homeowner partnerships (vs. listing-only models)
As demand for high-trust, high-touch hospitality grows among India’s well-travelled millennials and HNIs, StayVista’s blend of tech, taste, and trust could give it an edge in the segment.
Outlook
StayVista’s latest raise reflects rising investor confidence in India’s premium stay ecosystem, where local experiences, curated properties, and seamless booking interfaces are reshaping what luxury means for modern travellers.
If it can scale without compromising on guest experience, property quality, or operational control, StayVista might just become the OYO of the luxury homestay world—but with much better reviews.