SaffronStays has raised Rs 3.5 mn in a funding round led by Infinity Ventures with participation from family offices. The round comprised fresh primary capital and a partial secondary sale by existing investor Sixth Sense Ventures. The Mumbai-based managed holiday home platform will deploy the funds to expand across existing and new leisure destinations, invest in technology and product development, enhance guest experiences and grow its portfolio of managed homes.

Founded in 2015 by Tejas Parulekar and Devendra Parulekar, SaffronStays operates a network of managed villas, heritage homes and vacation properties across India. The company currently manages over 450 properties across more than 80 destinations, including Maharashtra, Goa, Himachal Pradesh, Uttarakhand, Karnataka, Kerala, Rajasthan and Delhi NCR. It reported that inventory in its focus markets grew 70 per cent in North India, 90 per cent in South India and 200 per cent in Goa over the last two financial years.

The startup has remained profitable for four consecutive years and now derives more than half of its revenue from premium homes. Direct bookings contribute nearly 70 per cent of overall business, supporting a more balanced distribution of revenues. Management intends to strengthen presence in the premium and experiential hospitality segment, with a focus on curated stays, destination led experiences, family vacations, celebrations and corporate offsites.

SaffronStays also partners with homeowners to manage and monetise second homes through its hospitality management platform, enabling owners to generate income while preserving property quality. The company expects to combine inventory growth with technology driven enhancements to guest services and product offerings.

The founders indicated the funding will accelerate strategic hires and local partnerships to support service quality. Management will also explore product enhancements and tools to increase direct customer engagement over the coming months. Investors in the round include family offices alongside the lead investor, underlining continued confidence in the leisure stay market.