ELIVAAS Raises $5 Million in Series A Funding Led by 3one4 Capital
- ByStartupStory | September 23, 2024
Gurugram-based vacation home rentals platform ELIVAAS has successfully raised $5 million in a Series A funding round. The investment was led by 3one4 Capital, with participation from Peak XV’s Surge and other angel investors. This fresh infusion of funds comes after the company previously secured $2.5 million in November 2023.
In a press release, ELIVAAS announced that the funds will be used to enhance its proprietary technology platform, expand market presence, optimize operations, and elevate the overall experience for homeowners and guests.
Co-founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS is a tech-driven company focused on villa and luxury apartment management. The platform aims to revolutionize the premium vacation rental market in India by combining technology with hospitality to deliver curated, high-end vacation experiences.
ELIVAAS currently boasts a portfolio of over 140 properties located across premier leisure destinations such as Goa, Delhi NCR, Rajasthan, Maharashtra, Himachal Pradesh, and Uttarakhand. The company’s innovative approach combines luxury with cutting-edge technology to transform the vacation rental experience for both homeowners and travelers.
ELIVAAS’s proprietary homeowner app provides real-time insights into bookings, reviews, and property maintenance, while the HK app automates check-in processes and simplifies property management. For guests, the platform offers an intuitive interface equipped with immersive 3D property tours, AI-driven chatbots, and hassle-free payment options.
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