Tribe Stays, a pioneering premium managed-hospitality company, has announced the successful closure of a $2.8M (Rs.24 Cr) Pre-Series A round led by Artha Venture Fund and co-led by RiverWalk Holdings. The round also saw participation from Kunal Khanna, Krishna Jain, and other prominent HNIs and family offices.
The fresh capital will accelerate Tribe’s expansion across its three sub-brands — Tribe Student Accommodation (hostels), Tribe Commune (co-living), and Tribe Suites (executive apartments). Currently operating 650 beds in Pune, the company plans to add 1,000 more this financial year and scale to 25,000 beds across Tier 1 and Tier 2 cities, including Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune.
Yogesh Mehra, Founder & CEO of Tribe Stays, said: “This funding round is a strong validation of Tribe’s vision to redefine how young India experiences living. Our focus has always been to go beyond just accommodation and deliver a premium lifestyle experience through thoughtfully designed spaces, hospitality-driven services, and a vibrant community.”
Investors echoed confidence in Tribe’s model. Anirudh Damani, Managing Partner at Artha Venture Fund, noted: “The company addresses a massive, underpenetrated market in student and professional housing with an asset-light, hospitality-led approach that is both scalable and profitable.”
With universities and corporates increasingly seeking reliable managed accommodation, Tribe aims to position itself as the preferred partner for institutions and employers. Jai Sumer Singh, Co-founder and Partner at RiverWalk Holdings, added: “Scaling sustainably in this category requires deep hospitality DNA coupled with real estate excellence. The Tribe team has built those foundations early and will emerge as a leading operator going ahead.”
As it enters its next phase of growth, Tribe Stays is focused on deepening its presence across major cities, scaling sustainably, and setting new benchmarks in India’s managed-hospitality sector.
