Mumbai, India: SaffronStays, one of India’s leading managed holiday-home and villa hospitality brands, has raised $3.5 million in growth capital in a funding round led by Infinity Ventures, with participation from prominent family offices. The round comprised a mix of fresh primary capital and a partial secondary sale by existing investor Sixth Sense Ventures.
The capital will 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, our focus markets 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 strengthened the company’s presence in some of India’s fastest-growing staycation and holiday-home destinations.
Alongside portfolio expansion, the company has maintained a strong focus on financial discipline. SaffronStays has remained profitable for the last four consecutive years, reinforcing its commitment to building a sustainable hospitality business with long-term value creation.
“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 ₹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.
About SaffronStays
Founded in 2015 by Tejas Parulekar and Devendra Parulekar, SaffronStays is India’s leading network of fully-staffed, professionally managed private vacation homes. Headquartered in Mumbai, the company curates a portfolio of 450+ handpicked villas, heritage homes, estates, and retreats across 80+ destinations in India, including Maharashtra, Goa, Himachal Pradesh, Uttarakhand, Jammu & Kashmir, Karnataka, Kerala, Rajasthan, and Delhi NCR.
Built on the belief that travel is centred around meaningful time with loved ones, SaffronStays creates stays designed for family holidays, milestone celebrations, reunions, intimate weddings, and corporate offsites. Each home combines the warmth and privacy of a personal residence with the consistency and service standards of professional hospitality.
The company also partners with homeowners to unlock the value of their second homes through end-to-end hospitality management, making it one of India’s earliest and most recognised brands in the managed villa category.
Backed by Sixth Sense Ventures and Infinity Ventures, SaffronStays has emerged as one of India’s most trusted hospitality brands in the private stays space and has been featured in publications including Condé Nast Traveller, Forbes India, Architectural Digest, and The Economic Times, among others.
For more information, visit www.saffronstays.com
