Tribe Stays, a managed-hospitality company, has raised $2.8 million (₹24 crore) in a seed funding round co-led by Artha Venture Fund and Riverwalk Holdings.
The round also saw participation from Kunal Khanna (Founder & CEO – Vivaldis), Krishna Jain, and other prominent HNIs/family offices.
The fresh funds raised will be used to scale its footprint under its 3 luxury sub-brands: Tribe Student Accommodation (hostels), Tribe Commune (co-living), and Tribe Suites (executive apartments).
Founded in 2018 by Yogesh Mehra, Shantam Mehra and Aman Mehra, Tribe Stays provides managed living spaces for students, professionals, corporates, and executive guests across major Indian cities. Its facilities include round-the-clock food services, housekeeping, and fitness centres.
Tribe’s portfolio, uniquely designed to cater to long-stay guests for up to 1 year, serves a diverse range of clients, including students, corporates, professionals, and extended-stay guests.
With a growing demand from universities and companies for relocation and managed accommodation solutions, Tribe aims to become the preferred partner for institutions and employers seeking reliable, premium living options.
Currently operating 650 beds in Pune, Tribe is set to launch 1,000 additional beds this financial year, with a roadmap to expand to 25,000 beds across Tier-1 & Tier-2 cities, including Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune.
Yogesh Mehra, Founder & CEO, 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. With this investment, we are well-positioned to expand aggressively into new markets and strengthen Tribe’s position as the gold standard in student housing, co-living, and executive living.”
Anirudh Damani, Managing Partner, Artha Venture Fund, said, “We believe Tribe is emerging as one of the most promising players in India’s organized managed-living space. The company addresses a massive, underpenetrated market in premium accommodations for student and professional housing with an asset-light, hospitality-led approach that is both scalable and profitable. The team’s deep sector understanding and execution capability give us strong conviction that Tribe can set new benchmarks for premium living experiences across India.”
Jai Sumer Singh, Co-founder and Partner, Riverwalk Holdings, said, “Tribe is well-positioned to address the gap that exists in the premium managed co-living space in India. 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.”
