Vacation Home Rentals Startup ELIVAAS Raises $5M in Funding Round

Elivaas, a technology-driven platform focusing on managing luxury villas and apartments, has secured 5 million in a SeriesA funding round led by 3one4 Capital. The investment also involved contributions from Peak XV’s Surge and a team of individual investors. Before this, the company had raised 2.5 million in November 2023, with Peak XV Partners’ Surge and other prominent individual investors taking the lead. The startup intends to utilize the funds to upgrade its technology platform, expand its presence in the market, streamline its operations, and enhance the experience for both homeowners and guests.

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Commenting on the funding round, Ritwik Khare, Co-founder and CEO of Elivaas, expressed, “We believe that the high-end vacation rental market in India is ready for significant change, and we are dedicated to spearheading that transformation. With support from 3one4 Capital, Peak XV’s Surge, and influential angel investors, our goal is to shape the future of this industry by emphasizing quality, technology, and exceptional guest experiences.”

Nitya Agarwal, Vice President of Investments at 3one4 Capital, expressed, “As India prepares to become one of the largest domestic tourism markets, there is a clear need in the market to meet this continuously increasing demand. We are thrilled to collaborate with Elivaas as they embark on transforming the future of vacation rentals in the country.”

Elivaas, a tech-driven platform managing luxury villas and apartments, raised $5 million in Series A funding led by 3one4 Capital with Peak XV’s Surge and individual investors contributing. The startup, founded by Ritwik Khare and Karan Miglani in 2023, aims to revolutionize India’s holiday rental sector combining technology and hospitality.

With over 140 properties in top holiday destinations, Elivaas is committed to providing luxurious vacation experiences while empowering property owners. The funding will boost tech upgrades, market expansion, operational efficiencies, and overall customer experience, shaping the future of India’s vacation rental industry with an emphasis on quality and technology.