Platform for renting out vacation homes, ELIVAAS, has raised $5 million in a Series A funding round led by 3one4 Capital, with additional angel investors and Peak XV’s Surge also participating.
In November 2023, the Gurugram-based startup had previously raised $2.5 million.
According to a press release from ELIVAAS, the new funds will be used to improve its in-house technology platform, increase market presence, streamline operations, and improve the whole experience for homeowners and visitors.
Ritwik Khare and Karan Miglani co-founded ELIVAAS in 2023. It is a tech-driven company that specializes in managing villas and luxury apartments and seeks to revolutionize the high-end vacation rental industry in India. The platform offers hand-picked, upscale travel experiences by fusing technology and hospitality.
It states to have more than 140 properties in its portfolio spread across top vacation spots like Goa, Rajasthan, Maharashtra, Himachal Pradesh, and Uttarakhand.
The HK app streamlines property management and automates check-in SOPs, while the homeowner app from ELIVAAS provides real-time insights into bookings, reviews, and property maintenance. The platform offers guests an easy-to-use interface along with cutting-edge features like chatbots powered by AI, immersive 3D property tours, and convenient payment methods.
