StayVista a hospitality firm known for its properties for homestays at the prime tourist destination raises INR 40 crore in a series B funding round led by existing investor DSG consumer partners with participation from Capri Global and CA Holdings.
The hospitality chain has around 500 villas in 50 locations across the country such as Kasauli, Manali Goa, Lonavala, Nainital, Shimla and many more. Marketing and Sale Head, Amit Damani indicated that the company wants to increase its revenue from INR 120 cr per annum to INR 1000 crore per annum and for that, they plan to add 2,500 homes to their portfolio.
The business is majorly focused on partnering with the property owners and taking the responsibility for its management. They focus on the operational part including offering good service as well.