StayAbode Ventures Private Limited

StayAbode Ventures Private Limited offers premium short-term accommodation solutions, providing fully furnished apartments and homes that cater to the needs of business travelers and vacationers seeking comfort and flexibility away from traditional hotels. StayAbode Ventures Private Limited, founded in 2016 and headquartered in Bangalore, India, specializes in premium short-term accommodations. The company has completed a total of 6 deals, with the most recent deal occurring on June 27, 2022. Varun Bhalla is the founder, who has a background in entrepreneurship, although specific details about his previous ventures are not available.

The company raised INR 53. 290 mn in a SEED funding round led by Akatsuki Ventures, which increased the total funds raised to INR 53. 290 mn and the current company valuation to INR 1029. 638 mn.

StayAbode specializes in providing premium short-term accommodation solutions, primarily tailored for business travelers and vacationers. Their offerings include fully furnished apartments and homes for both short and extended stays, designed to deliver the comfort of home with the flexibility of hotel-like services. The company focuses on addressing the growing demand for alternative lodging options, providing more space, privacy, and local experiences compared to traditional hotels, particularly in major urban markets across the United States. In 2023, StayAbode reported a revenue of INR 646032.

4, with an EBITDA of -134953 for the same year. The company generates revenue through direct-to-consumer bookings and partnerships with businesses for extended stay solutions, utilizing a transactional structure based on fixed rental agreements and various pricing plans depending on stay duration and accommodation type. StayAbode is strategizing on introducing new products and expanding its presence in additional geographic regions, targeting metropolitan areas with high business and tourism activity. The recent funding received from the SEED round, amounting to INR 53.

290 mn, will be utilized to support these growth initiatives. Additionally, on June 27, 2022, StayAbode was acquired by Housr, an indication of potential alignment with broader strategic objectives moving forward.