SaffronStays raises $3.5M, pivots to luxury villas and temple-town tourism

Backed by Infinity Ventures, SaffronStays is reweighting its 500+ home portfolio toward premium (now 52%) and targeting 20 religious destinations. Gross bookings guided to ₹150 cr in FY27 from ₹108 cr in FY26, with five ₹100 cr regional units planned.

— Source publishedMon, 22 Jun, 2026, 14:36 IST·First seen Mon, 22 Jun, 2026, 14:41 IST·Source Mint

What happened

SaffronStays raised $3.5M from Infinity Ventures to pivot toward luxury villas and religious tourism, targeting 20 temple destinations. Premium homes now 52% of

Key facts

  • $3.5 million raised
  • 500+ homes
  • gross bookings ₹108 cr FY26
  • ₹150 cr FY27 target
  • ₹66 cr FY24
  • net earnings ₹27 cr FY26
  • ₹38-39 cr FY27
  • Ebitda margin ~1%
  • premium contributes 52%
  • North India inventory +70%
  • South India +90%
  • Goa +200%
  • app 8% of sales
  • direct 70% of bookings
  • 20 temple destinations identified
  • 5 regional units, ₹100 cr each

Why this matters

SaffronStays' pivot into luxury villas and faith-based tourism opens partnership or roll-up angles with temple-town hospitality assets, devotional travel platforms, and premium homestay aggregators seeking scale.

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