INSUBCONTINENT EXCLUSIVE:
Amit Damani, co-founder, StayVista3 min read Last Updated : Sep 22 2024 | 7:17 PM IST
StayVista is planning to list on stock exchanges
by 2028 to raise Rs 600 crore, as the luxury villa rental company seeks to expand its network in the country.
The company, which is the
largest player in the segment, currently operates 1,000 properties across the country and plans to grow its portfolio to 2,500 villas in
of FY25, with a revenue of Rs 42.2 crore and net profit of Rs 1 crore
We have been extremely capital-efficient over the last seven years with a capital of just Rs 30 crore, and expect to close this year with a
hotels, remain at 35 per cent on average, but can go up to 80 per cent on weekends
We see a lot of growth potential in focus markets like Uttarakhand, Himachal and Kashmir where we want to increase our supply," he
said.
"Additionally, we are looking at markets like wildlife destinations and pilgrim destinations
co-founder and group chief executive officer, MakeMyTrip had told Business Standard earlier.
Damani plans to capitalise on this growth by
solidifying the company's presence in the largest markets and venturing into new domestic geographies.First Published: Sep 22 2024 | 6:41
