Stayflexi, a San Francisco, CA-based PropTech SaaS startup, raised $1.6M in seed funding.
Backers included Y Combinator, Agya Ventures, BlueField Capital, Asymmetry Ventures, and Good News Ventures and individual investors PagerDuty co-founder Baskar Puvanathasan, Squarefoot Inc. co-founder Jonathan Wasserstrum, and COO of Incuspaze Mohit Srivastava.
The company intends to use the funds to expand operations and its business reach.
Founded in 2020 by Venkatesh Sakamuri, Preetam Mohan Shetty, and Krishna Sasank Talasila, Stayflexi has developed an on-demand and contactless check-in/check-out process to automate and integrate hotel and vacation stay processes and operations end to end. Integrated with services like Booking.com, Expedia, Airbnb, and others, the company’s operating system automates the entire reservation flow, from the booking to the stay to the post-stay review. The software is being used in over 100 cities across six countries worldwide including India and the U.S., totaling more than 10,000 rooms across 750 paying properties and counting.