Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk

Hospitality brand Tribe Stays has raised $2.8 million (Rs 24 crore) in a seed round co-led by Artha Venture Fund and Riverwalk Holdings. 

Kunal Khanna, Krishna Jain, and several HNIs and family offices also participated. 

The proceeds will be used to expand its portfolio across its three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites.

Tribe Stays operates 650 beds in Pune and plans to add 1,000 more this financial year. The firm aims to scale to 25,000 beds across tier I and tier II cities including Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune.

Founded by Yogesh Mehra, Tribe Stays operates premium long-stay accommodation under three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites. The company provides managed living spaces for students, professionals, corporates, and executive guests across major Indian cities.

Tribe plans to partner with universities and companies that require managed accommodation for relocation and long-stay needs.