SaffronStays, one of India’s prominent managed holiday-home and villa hospitality brands, has raised $3.5 million in a growth funding round led by Infinity Ventures, with participation from several prominent family offices.
The round comprised a combination of fresh primary capital and a partial secondary sale by existing investor Sixth Sense Ventures. The company said the funds will be used to support its next phase of growth, including expansion across existing and emerging leisure destinations, investments in technology and product innovation, enhancement of guest experiences, and further growth of its premium portfolio of managed homes across India.
According to SaffronStays, its focus markets have witnessed strong growth over the last two financial years, with inventory increasing by 70 per cent in North India, 90 per cent in South India and 200 per cent in Goa. The company said this expansion has strengthened its presence in some of India’s fastest-growing staycation and holiday-home destinations.
Alongside portfolio growth, SaffronStays highlighted its continued focus on profitability and financial discipline, noting that it has remained profitable for the past four consecutive years.
Commenting on the fundraise, Devendra Parulekar, Co-founder, SaffronStays, said, “SaffronStays has always focused on building a sustainable and profitable hospitality platform rather than chasing growth at any cost. Over the past three years, we have expanded our portfolio by over 150 per cent, 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.”
Tejas Parulekar, Co-founder, SaffronStays, said, “We believe the holiday-home sector in India presents a significant long-term opportunity. Direct bookings today contribute nearly 70 per cent 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 ₹100 crore in annual business, while maintaining a disciplined approach to profitability, operational excellence, and customer satisfaction.”
SaffronStays added that it will continue to strengthen its 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.
The latest investment is expected to help the company scale its operations further while capitalising on the growing demand for managed holiday homes and experiential travel across India.
