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Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said.
Harley Finkelstein, President of Shopify. (Image credit: Harley s Twitter)
Harley Finkelstein, President of Shopify, believes the future of retail is not online or offline or on social media. The future of retail is everywhere, he said, adding that conscious consumerism is here to stay, as the COVID-19 pandemic transformed consumer preferences in a very concrete, permanent way that had not been seen before.
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[Funding alert] Hospitality startup Vista Rooms raises Rs 10 cr led by DSG Consumer Partners
Co-founder Ankita Sheth said they plan to scale their network of properties to over 1000 within the next 18-24 months
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raised Rs 10 crore in funding led by
DSG Consumer Partners. Other investors including CA Holdings, Artha India Ventures and Anand Ladsariya also participated in this round.
Speaking about the raise, Ankita Sheth, Co-Founder of Vista Rooms said,
“We have seen an exciting secular shift in traveller behaviour: homestays are becoming the vacation of choice, encouraged by WFH and online school. As people become comfortable with the concept of staycations, we have seen our customers return for more bookings in new locations and homes. This sudden but lasting lifestyle change is an opportunity for Vista that is already leading to exponential growth.
Vista Rooms raises Rs 10 crore growth capital
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Vista Rooms, a hospitality brand managing a network of curated holiday home rentals, has raised ₹10 crore led by DSG Consumer Partners, with participation from investors including CA Holdings, Artha India Ventures and Anand Ladsariya. It currently manages 400 properties.
Deepak Shahdadpuri, managing director, DSG Consumer Partners, said, “The vacation rental segment addresses a clear pain point for both travellers and home owners. This segment is poised for massive growth and Vista is well-positioned to capitalise on this with its market leadership.”
Ankita Sheth, co-founder, Vista Rooms said, “Our goal is to allow people to escape to stay, live and work from the most beautiful homes. We are currently at a major growth stage, and the funds will enable us to accelerate our pace.”