Monday, September 26, 2022
HomeInsightFunding Alert StayVista raises Rs 40 cr led by DSG Consumer Partners

[Funding alert] StayVista raises Rs 40 cr led by DSG Consumer Partners

StayVista, a startup offering luxury villa rentals, has raised Rs 40 crore in a fresh round of funding that was led by DSG Consumer Partners and included Capri Global and CA Holdings.

StayVista, a startup offering luxury villa rentals, has raised Rs 40 crore in a fresh round of funding that was led by DSG Consumer Partners and included Capri Global and CA Holdings.

Investment, according to them, will help the brand widen its geographic reach and solidify itself as a dependable hospitality brand that is synonymous with opulent villa vacations.

Founded by Amit Damani in 2015, SayVista collaborates with owners of luxurious villas and offers them resources including manpower, operational know-how, and marketing through its app and website.

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“We have doubled our revenue during the pandemic due to high repeat and referrals from our 300,000+ guests. This raise allows us to double down on our growth plans and accelerate building the most loved and trusted villa rental brand in India. We will use the capital for growth, building our team, strengthening our brand, and developing our tech infrastructure. As category creators and leaders, we see ourselves becoming the ‘home away from home’ for Indians by entering geographies that our users frequently visit”, Ankita Sheth, Co-founder, StayVista, said.

A staff of over 300 people working at StayVista are devoted to creating every stay inspiring and have already thrilled more than 3,000 guests in this endeavour. StayVista offers a range of 500+ luxurious villas in more than 50 different locations.

“We are excited to deepen our partnership with StayVista. They have demonstrated extraordinary resilience in navigating the pandemic while driving record revenue growth in a capital-efficient manner. The founders are building business sustainably with certain markets already achieving healthy operating margins. The team’s execution capabilities and customer-centricity has led to them emerging as a market leader in villa rentals, by a distance”, Hari Premkumar, Head of India, DSG Consumer Partners, said.

“StayVista has been able to successfully solve all the traditional issues faced by the luxury villa rental industry such as low yield, lack of transparency, lack of trust, and branding; thereby offering a win-win solution for the homeowner as well as group travellers. A strong founding team with deep industry experience further puts the company in a solid position to capitalize on the strong growth potential that this sector offers,” Jinisha Sharma of Capri Global, said.

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About StayVista

They believe there is a better way to get away – A more free-spirited, luxurious and unique way of spending time together with loved ones. They are obsessively passionate about it, and their aim is to help people embrace it too. With their handpicked selection of 500+ spectacular holiday homes, they focus on providing privacy and comfort that goes hand-in-hand with tailor-made experiences and top-of-the-line amenities.

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