In a seed round co-led by Artha Venture Fund and Riverwalk Holdings, hospitality brand Tribe Stays raised $2.8 million (Rs 24 crore). Krishna Jain, Kunal Khanna, and a number of HNIs and family offices took part as well.

Key Highlights

• Tribe Stays raises $2.8M seed funding to expand its premium long-stay accommodation operations.
• The funds will help scale Tribe’s three sub-brands: student housing, co-living, and executive suites.

Its three sub-brands—Tribe Student Accommodation, Tribe Commune, and Tribe Suites—will all benefit from the earnings.

In Pune, Tribe Stays now has 650 beds and intends to add 1,000 more this fiscal year. In tier I and tier II cities like Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune, the company hopes to expand to 25,000 beds.

Tribe Stays, which was founded by Yogesh Mehra, provides high-end long-term lodging under the Tribe Student Accommodation, Tribe Commune, and Tribe Suites sub-brands. In major Indian cities, the organization offers completely managed living spaces for corporates, executive travelers, working professionals, and students. Through contemporary facilities and community-focused living spaces, Tribe Stays seeks to improve the long-stay experience with an emphasis on comfort, safety, and superior services.

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In the future, the company intends to work with academic institutions and businesses that need dependable, well-run housing for students, relocated staff, and others looking for longer-term accommodations.