With the help of Peak XV Partners’ Surge, Elivaas, a tech-driven management company for luxury villas and apartments, has raised $2.5 million in its seed round. Naveen Kukreja, Kunal Shah, Mohit Gupta, Amit Lakhotia, Ravi Singhvi, Anant Apurv Kumar, Parag Aggarwal, and Toranj Mehta are a few of the angels in the round.
According to a press release from Elivaas, the money will be used to expand the company’s technological platform and build a stronger market presence throughout India’s popular cities.
Elivaas, founded by Ritwik Khare, assists owners in monetizing, overseeing, and maintaining their vacation properties. The startup markets itself as a platform that offers partners and visitors a seven-star experience.
The Gurugram-based startup claims to have signed on over 50 properties in Goa, Udaipur, Delhi NCR, and Kufri since its founding in January 2023 and to have maintained more than half occupancy in their rental properties throughout the year.
StayVista, which was founded by DSG Consumer Partners and raised Rs 40 crore ($5 million) in September of last year, is a rival of Elivaas.
The ninth cohort of early-stage startups from Peak XV Partners’ fast scale-up program Surge, which has 32 founders from 13 startups, was introduced last month. Elivaas is a participant in the scheme.
