Managed-hospitality brand Tribe Stays has raised $2.8 million (₹24 crore) in a Pre-Series A round led by Artha Venture Fund, with RiverWalk Holdings as co-lead. Several industry professionals and family offices, including Kunal Khanna and Krishna Jain, also participated in the round.
The latest investment marks a key step for the company as it strengthens its position in the organized co-living and student housing market.
The funding will enable Tribe Stays to expand its three luxury sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites.
The company currently operates 650 beds in Pune and intends to add 1,000 more beds within this financial year. Its broader plan includes scaling to 25,000 beds across major Tier 1 and Tier 2 markets such as Bengaluru, Hyderabad, Gurugram, Mumbai, and Pune.
Founder & CEO Yogesh Mehra said the investment reinforces the company’s mission to redefine modern living for young consumers. According to him, the brand’s focus on “thoughtfully designed spaces,” hospitality-driven services, and community-led environments remains central to its expansion strategy. He added that the new capital will support the company’s entry into new markets and strengthen its presence across student housing, co-living, and executive stay categories.
Investors have expressed confidence in the company’s approach.
Anirudh Damani, Managing Partner at Artha Venture Fund, said Tribe Stays is addressing a large but underpenetrated segment through an asset-light, hospitality-first model that offers room for profitable expansion.
Jai Sumer Singh, Co-founder and Partner at RiverWalk Holdings, noted that the company is well-positioned to capture rising interest in premium managed co-living options, supported by a blend of hospitality capabilities and real estate expertise.
Demand from universities and corporates for standardized accommodation solutions continues to grow. Tribe Stays aims to serve this segment by offering consistent, high-quality, and community-focused options for institutional partners.
With this round of funding, the company plans to strengthen its presence in India’s managed-hospitality sector and expand its ability to offer premium, scalable co-living solutions for the next generation of residents.
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