Vista Rooms raises $1.37 million funding

Mumbai: Hospitality brand Vista Rooms, which focuses on holiday home rentals, has raised Rs 10 crore (about $1.37 million) in a funding round led by Singapore and India-based DSG Consumer Partners.

Vista Rooms, operated by Stay Vista Pvt. Ltd was set up in 2015 by Pranav Maheshwari, Ankita Sheth and Amit Damani.

The startup operates as a full-stack brand that provides services to supply-side home and villa owners as well as demand-side travelers. For the former, it takes over property maintenance and guest service, while marketing locations to the latter.

“We have seen an exciting secular shift in traveler behavior; homestays are becoming the vacation of choice, encouraged by WFH (work from home) and online schooling,” Sheth said.

Vista Rooms will use the capital raised in this round for launching new locations under its management, building out its team, enhancing its technological infrastructure, and increasing awareness about its brand.