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.
