Luxury Villa rental startup StayVista has raised INR 40 crore in a new round led by DSG Consumer Partners with participation from Capri Global and CA Holdings.
The Fresh capital used to expand its footprint across the country to over 2,500 villas. Currently, StayVista operates around 500 villas across India and the key customer base is people who travel in groups and the average ticket size is about Rs 25,000.
The company focuses on onboarding two categories, getaway destinations, which include destinations near big cities like Delhi, Mumbai and Bengaluru, and holiday destinations like Goa and Kerala.
Founded by Amit Damani, SayVista partners with luxury villa owners and provides them with manpower, operational expertise and marketing through its app and website. It also provides facilities such as food, housekeeping, music, and sightseeing, among others.
According to an ET report, the startup was valued at Rs 220 crore after the funding round. Last year, StayVista’s made a revenue of around Rs 100 crore and aims to generate Rs 1,000 crore in next 3-4 years.