Luxury holiday home rentals network Vista Rooms on Wednesday said it has raised Rs 10 crore in a fresh funding round led by early-stage venture capital fund, DSG Consumer Partners.
The round also saw participation from other investors including CA Holdings, Artha India Ventures and Anand Ladsariya, Vista Rooms said in a statement.
"We are currently at a major growth stage, and the funds will enable us to accelerate our pace. We will scale our network of properties to over 1,000 within the next 18-24 months," Vista Rooms Co-Founder Ankita Sheth said.
The growth enabled by the funding will be fourfold - launching new locations, building out the team, improving technology and furthering brand awareness, she added.
Advertisement
"The vacation rental segment addresses a clear pain point for both travellers and homeowners. This segment is poised for massive growth and Vista is well-positioned to capitalise on this with its market leadership," DSG Consumer Partners' MD Deepak Shahdadpuri said.
Just one email a week