Vacation home rental platform ELIVAAS has raised $5 million in its Series A funding round, spearheaded by 3one4 Capital. The investment round also saw participation from Peak XV’s Surge and several angel investors. This marks a significant milestone for the Gurugram-based startup, which previously secured $2.5 million in November 2023.
The newly raised capital will be channelled into scaling ELIVAAS’s proprietary technology platform, broadening its market reach, optimizing operational efficiency, and enhancing user experiences for both homeowners and guests. The company’s focus on a tech-driven approach to vacation home rentals aims to revolutionize the premium segment of India’s vacation rental market.
Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS specializes in managing luxury villas and apartments, delivering high-end, curated vacation experiences. Currently, the platform boasts a portfolio of over 140 properties spread across prime leisure destinations, including Goa, Delhi NCR, Rajasthan, Maharashtra, Himachal Pradesh, and Uttarakhand.
ELIVAAS’s innovative homeowner app provides real-time data on bookings, reviews, and property upkeep, while its HK app streamlines check-in processes and automates property management. The guest experience is enhanced with features like immersive 3D property tours, AI-driven chatbots, and seamless payment options. With this new infusion of funds, ELIVAAS is set to further solidify its presence and elevate the luxury vacation rental experience in India.
