From Teacher to Tycoon: Man Turns Family Home Into ₹110 Crore Business

Quick Summary

• Amit Damani, an entrepreneur, previously worked as a teacher at a Mumbai goverment school under the Teach For India fellowship in Dharavi and went on to build a Rs 110 crore business.
• He graduated with degrees in Economics & International Studies from Northwestern University (USA) and later worked as an associate consultant at Dalberg Global Development Advisors until 2014.
• In 2015, Damani cofounded Vista Rooms (now StayVista), focusing initially on smaller hotels for rentals before transitioning to luxury villa properties. The company currently offers over 800 holiday homes across more than 60 locations in India and operates with a revenue-sharing model where property owners get 70% of the booking fee.
• By 2023, StayVista had achieved Rs 110 crore turnover and aims to scale up to Rs 1,000 crore while increasing its portfolio to over 2,500 homes/villas in the coming years.
• Beyond StayVista,Damani is also active as an angel investor with interests spanning design,technology,commerce,and shopping sectors; his portfolio includes Medbikri and Driffle. He is also a founding member of Robin Hood army in Mumbai that helps distribute surplus restaurant food to the underprivileged.

Indian Opinion Analysis
Amit Damani’s entrepreneurial journey reflects how innovative approaches can lead from grassroots beginnings to scaling successful businesses within a decade’s time frame.His story underscores how diversification-spanning luxury real estate ventures like StayVista combined with angel investments-can definitely help secure financial growth while contributing socially through volunteer networks like Robin Hood Army.

For India’s startup ecosystem notably focused on tourism and hospitality sectors emerging globally competitive models like StayVista highlight potential avenues for boosting domestic revenue streams while supporting job creation locally across smaller towns or areas hosting such villas/holiday destinations big plans expansion ambitions deserve repeat focus steady unlocked aligned larger ecosystem compatible socioeconomic development aspirations host country accompanying relevant support ensuring sustainable operational scalable impact

Read More