Funding · Professional & Local Services

SaffronStays raises $3.5 million growth capital

By Startup Enthusiast · 24 June 2026

What they do

SaffronStays curates and manages private vacation homes across India

It raised $3.5 million in a mix of primary capital and secondary sale led by Infinity Ventures

The company has been profitable for four consecutive years and plans to build five regional units

SaffronStays raised $3.5 million (approximately ₹29 crore) in growth capital.
The round is a mix of primary capital (new money for the company) and secondary sale (existing shareholders sell their shares; no new money reaches the company).
Infinity Ventures led the investment round.
Several prominent family offices participated as investors.
Existing investor Sixth Sense Ventures partially sold its stake in the secondary sale.
Sixth Sense Ventures had earlier led SaffronStays' $2 million seed round.
The funds will be used for expansion into new leisure destinations, technology, product innovation, guest experience, and growing the premium managed home portfolio.

SaffronStays has been profitable for four consecutive years, a rare achievement in hospitality.
Its property portfolio grew over 150% in the past three years.
Direct bookings contribute nearly 70% of its business, reducing reliance on third-party platforms.
The company aims to build five regional business units, each targeting ₹100 crore annual business.
This funding reflects a broader industry trend of premium vacation home management, as seen with OYO's subsidiary Sunday PropTech raising ₹50 crore last year.

SaffronStays is a managed holiday-home and villa hospitality brand in India.
It curates and manages hospitality operations, reservations, branding and marketing for private vacation homes.
The company was founded in 2015 by Devendra and Tejas Parulekar.
It has been profitable for four consecutive years.
Its property portfolio grew over 150% in the past three years.
Inventory increased 70% in North India, 90% in South India, and 200% in Goa over the last two financial years.
Direct bookings contribute nearly 70% of its business.
More than half of its revenue comes from premium homes.
The company recently launched a mobile app that is gaining traction.

Build five regional business units, each targeting ₹100 crore annual business.
Expand into existing and emerging leisure destinations.
Invest in technology and product innovation.
Enhance guest experience.
Grow the premium managed home portfolio.

Infinity Ventures (lead) — Lead investor in this round.
Sixth Sense Ventures (existing) — Existing investor that partially sold its stake in the secondary sale; led the earlier seed round.

Product: Network of managed premium villas, heritage homes, and vacation properties offering curated holiday experiences across multiple destinations
Customers: Affluent travelers seeking premium private vacation stays and curated holiday experiences
How it makes money: Managed vacation rental platform combining property ownership/partnerships with hospitality services
What sets it apart: Largest portfolio of private villas in North India; focus on premium experience with cultural and heritage properties; profitable and selective growth model
Operations: Manages 450+ properties across 80+ destinations; network in Maharashtra, Goa, Himachal, Uttarakhand, Karnataka, Kerala, Rajasthan, Delhi NCR