Villa rental platform StayVista raises over Rs 40 crore to expand into new geographies

StayVista, which claims to be India’s largest villa rental platform, has raised over Rs 40 crore in a Series B funding round led by JSW Ventures, with participation from existing investors, DSG Consumer Partners and Capri Global Family Office.

The company plans to deploy the fresh funds to expand into new geographies, further strengthen the team, and improve customer experience and supply-side strengths.

StayVista claims it has 1,000+ operational properties across 85+ locations in India, and has served over 1 million customers till date. The company operates three categories of properties under their umbrella, catering to the mass premium, premium, and luxury segments. It also offers customizable F&B services, event curation & planning, concierge services, among others.

The Mumbai-based company said it 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.

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%.

“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,” said Pranav Maheshwari, Co-Founder at StayVista.

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.”

JSW Ventures is an early-stage institutional venture capital fund investing in technology-led startups at Pre-Series A to Series A+ stages. The fund is focused on investing in Consumer and Consumer Tech, platform companies across HealthTech, AgriTech, FinTech, and Enterprise SaaS companies leveraging AI. Key portfolio companies include Purplle, HomeLane, HealthPlix, Cureskin, Growcoms, Aereo, Convin, Vetic, EcoSoul, Hyperbots among others.