India, June 26 -- Luxury villa and homestay rental startup StayVista has raised INR 40 Cr (around $5 Mn) in a Series B funding round led by JSW Ventures, with participation from existing investors DSG Consumer Partners and Capri Global Family Office.

StayVista plans to use the fresh proceeds to expand into new geographies, strengthen its team and boost the supply-side of the services.

Ankita Sheth, Amit Damani and Pranav Maheshwari banded together to launch Vista Rooms in 2015. Initially, the startup offered budget accommodations to users on its online platform but later pivoted its business to offer luxury properties and homestay on rent via StayVista.

The Mumbai-based startup runs a B2C and B2B model. Under its B2C offerings it offer...