SaffronStays raises USD 3.5 mn to accelerate expansion & technology investments
(L-R) Devendra Parulekar; Tejas Parulekar
The company reports inventory increasing by 70% in North, 90% in South India, and 200% in Goa.
SaffronStays has raised USD 3.5 million in growth capital in a funding round led by Infinity Ventures. The capital is aimed to support SaffronStays' next phase of growth, including expansion across existing and emerging leisure destinations, investments in technology and product innovation, enhancement of guest experiences, and continued growth of its premium portfolio of managed homes across India.
Over the last two financial years, the focus markets are said to have grown substantially faster than the overall portfolio, with inventory increasing by 70% in North, 90% in South India, and 200% in Goa. This growth has reportedly strengthened the company's presence in some of India's fastest-growing staycation and holiday-home destinations. SaffronStays has also reportedly remained profitable for the last four consecutive years.
"SaffronStays has always focused on building a sustainable and profitable hospitality platform rather than chasing growth at any cost," said Devendra Parulekar, Co-founder, SaffronStays. "Over the past three years, we have expanded our portfolio by over 150%, scaled meaningfully across our focus markets, and built a business where more than half of our revenue now comes from premium homes. Throughout this journey, we have remained profitable while continuing to invest in technology, operations, and guest experience. This capital raise allows us to accelerate those investments and further strengthen our position in India's managed holiday-home market."
"We believe the holiday-home sector in India presents a significant long-term opportunity," said Tejas Parulekar, Co-founder, SaffronStays. "Direct bookings today contribute nearly 70% of our business, our recently launched app is already gaining meaningful traction, and demand for experiential stays continues to grow. Our vision is to build five regional business units, each capable of generating INR 100 crore in annual business, while maintaining a disciplined approach to profitability, operational excellence, and customer satisfaction."
The company has also continued to deepen its focus on premium and experiential hospitality offerings, with a growing share of revenue coming from higher-value homes, curated experiences, and destination-led stays that cater to evolving traveller preferences.
