Mumbai-based micro-hospitality startup SaffronStays has raised $2 Mn in Pre-Series A funding from consumer-centric VC Sixth Sense Ventures.

As shared by a SaffronStays spokesperson with Inc42, it now plans to actively accelerate its growth, hire top talent, and expand its inventory while offering a vastly improved and curated experience.

Sixth Sense is the first institutional investor in SaffronStays and will hold a significant minority stake in the company. Nikhil Vora joins the board of SaffronStays.

Nikhil Vora, Founder & CEO of Sixth Sense Ventures, said, “At Sixth Sense, we would strive to always back kick-ass promoters (Deven and Tejas), in a big-ass market ($40 Bn space) with a smartass product (Holiday Homes). We believe that SaffronStays is very well equipped to capture this market with its exclusivity and well-curated offerings and parallelly create an opportunity for homeowners to monetize their most valuable and expensive asset.”

SaffronStays: Growing Its Niche In Micro-Hospitality Launched in 2015 by Devendra Parulekar and Tejas Parulekar, SaffronStays exclusively curates and manages hospitality operations, reservations, branding and marketing for private vacation homes owned by HNIs.

Mentored by angel investor Sanjay Mehta, it operates 45 homes across six states and hosts over 1500 guests every month.