India, Nov. 17 -- Coliving startup Tribe Stays has raised $2.8 Mn (about INR 24.8 Cr) in its seed round co-led by Artha Venture Fund and Riverwalk Holdings. The round also saw participation from Kunal Khanna, founder and CEO of Vivaldis, and other family offices.

In a statement, Tribe Stays said it will use the capital to scale its three managed accommodation sub-brands - Tribe Student Accommodation (hostels), Tribe Commune (coliving), and Tribe Suites (executive apartments).

As part of its long-term expansion plan, the startup plans to increase its total bed count to 25,000 across cities such as Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune.

Founded in 2018 by Yogesh Mehra, Shantam Mehra and Aman Mehra, Tribe Stays currently has 65...