Private Equity PE-VC Fund Investments
Villa rental platform SaffronStays attracts $3.5 M led by Infinity Ventures
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Mumbai-based holiday-home platform SaffronStays has raised USD 3.5 million in a funding round led by Infinity Ventures, with participation from family offices. The round comprised both fresh capital and a partial secondary sale by existing investor Sixth Sense Ventures.Founded in 2016, by Tejas Parulekar and Devendra Parulekar, SaffronStays operates a network of managed villas, heritage homes, and vacation properties across India.The startup plans to use the funds to expand across leisure destinations, invest in technology and product development, enhance guest experiences, and grow its portfolio of managed homes.
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In Jul 2018, SaffronStays had attracted about $2-M from Sixth Sense Ventures.For FY25, SaffronStays had reported about Rs.57 Cr in Operating Income and about Rs.1 Cr in PAT.