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Tuesday, 24 October, 2017, 13 : 30 PM [IST]

SaffronStays plans to onboard 40 exclusive homes by the end of December 2017

SaffronStays: Where Families Bond, a micro-hospitality collective, is planning to to onboard 40 exclusive homes by the end of December 2017. Currently the company has 28 homes. The goal is to have over 2000 homes managed and branded by SaffronStays in the next 5-7 years.

Devendra Parulekar, Co-Founder, SaffronStays, said, “SaffronStays wishes to be the dominant managed-vacation rentals company for the discerning Indian traveller. We will follow the Indian traveller across the world, by offering hand-crafted Indian hospitality in such gorgeous Homes. Now that we have cracked the product-market fit, achieved unit-level and even transaction-level profitability, we are looking to raise 20 million USD, to fund these expansion plans. A large part of the investment raised will be invested in our Technology backbone and expanding our network of exclusive Homes.”

SaffronStays presently has properties in Bhugaon, Murud, Alibaug, Kihim, Dapoli, Mulshi, Matheran, Panchgani, Karjat, Khopoli, Gholvad, Kamshet, Lavasa, Panvel, Goa, Kodaikanal, Ooty Gwaldham  and Jaipur.

Tejas Parulekar, Founder, SaffronStays, said, “An aspirational, upwardly-mobile traveller today considers a Vacation Rental as a preferred option over traditional Hotels, considering the unique Staycation experience alongside the privacy and exclusivity offered by a heritage or a luxe bungalow, in a stunning countryside estate.”

 
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