StayVista, a luxury vacation rental startup has raised ₹40 crore (approximately $4.6 million) in a Series B funding round, with JSW Ventures leading the investment. The round also saw continued participation from existing backers DSG Consumer Partners and the Capri Global Family Office.
This latest infusion of capital marks a significant milestone for the Mumbai-based hospitality startup, which had previously raised $7.81 million across earlier rounds from DSG Consumer Partners and other investors.
Expansion Plans and Strategic Use of Funds
According to StayVista’s official statement, the newly raised funds will be strategically deployed to expand into new geographies, strengthen its workforce, and enhance supply-side services. This includes onboarding more premium property owners, improving guest experiences, and investing in backend infrastructure to support future scalability.
StayVista aims to solidify its position as a leading player in the luxury vacation rental segment, targeting affluent travelers looking for curated villa and homestay experiences.
About StayVista
Founded in 2015 by Ankita Sheth, Amit Damani, and Pranav Maheshwari, StayVista connects property owners with travelers who seek unique and premium vacation stays. The platform offers a broad portfolio that includes luxury villas, bungalows, cottages, and private homestays, making it a go-to choice for group vacations, celebrations, and getaways.
The company collaborates with major global platforms like Airbnb, MakeMyTrip, Booking.com, and Homes & Villas by Marriott Bonvoy, helping it reach a wider audience while maintaining brand control over its property standards and guest experience.
Business Model and Operations
StayVista operates via both B2C and B2B models. On the B2C front, the company provides a seamless booking experience for customers looking to rent luxury homes across India. On the B2B side, StayVista offers property management and maintenance services to villa owners for a fee, including comprehensive support that goes beyond standard listing services.
This hybrid approach has helped StayVista cater to both guests and property owners, creating a strong ecosystem that fuels sustained revenue growth.
Financial Performance
In terms of financials, StayVista reported a healthy 23.17% growth in standalone operating revenue, increasing from ₹11.39 crore in FY23 to ₹14.03 crore in FY24. Notably, the company also reduced its net loss by 29.22%, bringing it down from ₹1.17 crore in FY23 to ₹82.81 lakh in FY24 — a clear sign of improved operational efficiency and cost management.
Market Presence and Competition
As of now, StayVista claims to operate in over 85 destinations across India, managing a portfolio of more than 1,000 premium properties. With over 1 million guests served, the company continues to grow its presence in both established and emerging travel markets.
It competes with several notable players in the luxury vacation rental space, including Elivaas, Le Collectionist, and Edge Retreats. However, StayVista differentiates itself by offering end-to-end service and a curated, high-touch experience for both property owners and travelers.
