StayVista Leads in Luxury Villa and Homestay Rentals with New Funding

StayVista, a luxury villa and homestay rental startup, has raised Rs 40 crore (about $4.6 million) in a Series B funding round led by JSW Ventures. Existing investors DSG Consumer Partners and Capri Global Family Office also contributed to this funding.

Previously, this Mumbai-based company had secured $7.81 million from DSG Consumer Partners and other investors.

Funding to Drive Expansion and Services

According to a press release, the funding will facilitate StayVista’s expansion into new geographical areas, enhance the team, and improve supply-side services.

About StayVista

Founded in 2015 by Ankita Sheth, Amit Damani, and Pranav Maheshwari, StayVista connects property owners with tourists looking for vacation rentals, including villas, bungalows, cottages, and homestays. The company collaborates with well-known platforms such as Airbnb, MakeMyTrip, Booking.com, and Homes & Villas by Marriott Bonvoy.

Business Model

StayVista operates through both B2C and B2B models. The B2C segment offers luxurious properties for rent to online users, whereas the B2B sector provides maintenance services for property owners for a fee, in addition to listing charges.

Revenue Growth and Financial Performance

In FY24, StayVista’s standalone operating revenue grew by 23.17%, reaching Rs 14.03 crore compared to Rs 11.39 crore in FY23. Additionally, it achieved a 29.22% reduction in net loss, lowering it to Rs 82.81 lakh from Rs 1.17 crore in the prior year.

Market Presence

StayVista claims to operate in over 85 destinations with a portfolio of more than 1,000 properties and has welcomed over 1 million guests. It competes with other players in the market such as Elivaas, Le Collectionist, and Edge Retreats.