Hospitality Brand Vista Rooms Raises INR 10 Crore Led by DSG Consumer Partners
Hospitality brand, Vista Rooms has raised INR 10 crore funding in a round led by DSG Consumer Partners, a Singapore and India based VC fund. The round also saw participation from CA Holdings, Artha India Ventures and Anand Ladsariya, managing director of crystals and oils manufacturer Everest Flavours Ltd.
Founded in 2015 by Pranav Maheshwari, Ankita Sheth and Amit Damani, Vista Rooms is a luxury holiday home rental management company focused on South Asia.
Ankita Sheth, Co-Founder, Vista Rooms said, “We have seen an exciting secular shift in traveller behaviour: homestays are becoming the vacation of choice, encouraged by WFH and online school. As people become comfortable with the concept of staycations, we have seen our customers return for more bookings in new locations and homes. This sudden but lasting lifestyle change is an opportunity for Vista that is already leading to exponential growth."
Ankita also mentioned that the company is at a major growth stage and the funds will enable Vista Rooms to accelerate its growth pace. “We will scale our network of properties to over 1000 within the next 18-24 months. The growth enabled by the funding will be fourfold - launching new locations, building out the team, improving technology and furthering brand awareness,” said Ankita.
Speaking about the investment, DSG Consumer Partners’ Managing Director, Deepak Shahdadpuri said, "Vista is the category leader in the vacation rental segment in India, achieving this distinction with very little capital raised. The team has also shown resilience through the pandemic and has come out a lot stronger. The company has a clear focus on curating and delivering excellent guest experiences which is reflected in their direct business and repeat guests."
Founded in 2015 by Pranav Maheshwari, Ankita Sheth and Amit Damani, Vista Rooms is a luxury holiday home rental management company focused on South Asia.
Ankita Sheth, Co-Founder, Vista Rooms said, “We have seen an exciting secular shift in traveller behaviour: homestays are becoming the vacation of choice, encouraged by WFH and online school. As people become comfortable with the concept of staycations, we have seen our customers return for more bookings in new locations and homes. This sudden but lasting lifestyle change is an opportunity for Vista that is already leading to exponential growth."
Ankita also mentioned that the company is at a major growth stage and the funds will enable Vista Rooms to accelerate its growth pace. “We will scale our network of properties to over 1000 within the next 18-24 months. The growth enabled by the funding will be fourfold - launching new locations, building out the team, improving technology and furthering brand awareness,” said Ankita.
Speaking about the investment, DSG Consumer Partners’ Managing Director, Deepak Shahdadpuri said, "Vista is the category leader in the vacation rental segment in India, achieving this distinction with very little capital raised. The team has also shown resilience through the pandemic and has come out a lot stronger. The company has a clear focus on curating and delivering excellent guest experiences which is reflected in their direct business and repeat guests."
