SaffronStays Plans to Onboard 40 Exclusive Homes by the end of December, 2017
SaffronStays has clocked over a million USD in a span of less than 19 months and hosted over 6000 families
SAFFRONSTAYS: Where Families Bond is a micro-hospitality collective, started in October, 2015 with one home SaffronStays Parsi Manor, Matheran - and has grown exponentially ever since. In a short span of less than 19 months, SaffronStays has clocked over a million USD in revenues and hosted over 6000 families from Mumbai and Pune, who keep coming back to experience the delightful hand-crafted hospitality.
SaffronStays is currently largely operational around Mumbai, Pune, Goa and a few chosen locations in Uttarakhand, Rajasthan and Tamil Nadu. Plans are afoot to rapidly expand to most parts of the country, without compromising on quality of experience offered. Currently, they have 28 homes and plan to onboard 40 exclusive homes (over 200 rooms) by the end of December, 2017. The goal is to have over 2000 homes managed and branded by SaffronStays in the next 5-7 years.
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.
Every Home goes through a rigorous 100-Point checklist before even being considered to join the network, and a rigorous onboarding process, that involves upgrades to every aspect from tasteful interiors to landscaping, from staffing and their training to technology deployment, to deployment of the processes and methods is undertaken.
Devendra Parulekar, Co-Founder of SaffronStays, stated “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, and also understood all the operational problems associated with the model and figured out the ways to overcome these problems, we think it is time to raise some serious money to rapidly scale the business. 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, expanding our network of exclusive Homes across the world and also establishing a world class brand.”
Tejas Parulekar, Founder says, “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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