About SaffronStays
SaffronStays is a company based in Mumbai (India) founded in 2014 by Devendra Parulekar and Tejas Parulekar.. SaffronStays has raised $3.86 million across 2 funding rounds from investors including Sixth Sense Ventures and Simi Kumar Chawla. The company has 140 employees as of February 04, 2025. SaffronStays operates in a competitive market with competitors including ELIVAAS, A Break Please and Luxasa, among others.
- Headquarter Mumbai, India
- Employees 140 as on 04 Feb, 2025
- Founders Devendra Parulekar, Tejas Parulekar
- Stage Minicorn
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Saffron Studios Private Limited
- Date of Incorporation 07 May, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$6.68 M (USD)325.94as on Mar 31, 2024
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Net Profit
$83.25 K (USD)114.28as on Mar 31, 2024
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EBITDA
$45.22 K (USD)107.65as on Mar 31, 2024
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Total Equity Funding
$3.86 M (USD)
in 2 rounds
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Latest Funding Round
$1.86 M (USD), Seed
May 07, 2019
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Investors
Sixth Sense Ventures
& 1 more
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Employee Count
140
as on Feb 04, 2025
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Funding Insights of SaffronStays
SaffronStays has successfully raised a total of $3.86M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.86 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.9M
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First Round
First Round
(17 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Seed - SaffronStays | Valuation | Sixth Sense Ventures | |
| Jul, 2018 | Amount | Seed - SaffronStays | Valuation | Sixth Sense Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SaffronStays
SaffronStays has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include Sixth Sense Ventures and Simi Kumar Chawla. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in consumer-focused startups in India.
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Founded Year | Domain | Location | |
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SK
Simi Kumar Chawla |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SaffronStays
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SaffronStays
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Saffronstays Comparisons
Competitors of SaffronStays
SaffronStays operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ELIVAAS, A Break Please and Luxasa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Luxury vacation homes are provided via an online rental marketplace.
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| domain | founded_year | HQ Location |
An online platform for booking villas in popular tourist destinations.
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| domain | founded_year | HQ Location |
An online platform for seamless booking of vacation rentals worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Saffronstays
Frequently Asked Questions about SaffronStays
When was SaffronStays founded?
SaffronStays was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is SaffronStays located?
SaffronStays is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is SaffronStays a funded company?
SaffronStays is a funded company, having raised a total of $3.86M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jul 17, 2018.
How many employees does SaffronStays have?
As of Feb 04, 2025, the latest employee count at SaffronStays is 140.
What is the annual revenue of SaffronStays?
Annual revenue of SaffronStays is $6.68M as on Mar 31, 2024.
What does SaffronStays do?
SaffronStays was founded in 2014 in Mumbai, India, as an online platform in the travel sector. Homestays and vacation rentals are listed by owners to connect with global travelers. Bookings are facilitated through user registrations, where locations, dates, and group sizes are specified in requests. The service operates primarily in the vacation rental marketplace, enabling direct interactions between property owners and visitors worldwide.
Who are the top competitors of SaffronStays?
SaffronStays's top competitors include ELIVAAS, A Break Please and Luxasa.
Who are SaffronStays's investors?
SaffronStays has 2 investors. Key investors include Sixth Sense Ventures, and Simi Kumar Chawla.
What is SaffronStays's valuation?
The valuation of SaffronStays is $11.56M as of May 2019.