ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures

ELIVAAS, a luxury vacation rental platform has raised Rs 87 crore (around $10.4 million) in its Series B funding round, led by Vertex Ventures Southeast Asia & India.

Existing investors, Peak XV Partners’ accelerator programme for early-stage startups Surge, and venture firm 3one4 Capital, also participated in this round.

The company will use the funds to grow its reach in India, expand to other countries and boost its brand visibility.

Read also- Pronto raises $11 million in Series A round from General Catalyst, Glade Brook Capital

"We are thrilled to partner with Vertex Ventures SAE & India as we enter this new phase of growth and equally appreciative of the trust placed in us by our early backers Peak XV Partners’ Surge and 3one4 Capital . This round will enable us to not only grow aggressively in India but also lay the groundwork for international expansion. Our focus remains on leveraging technology to ensure seamless, high-quality experiences at scale while strengthening ELIVAAS as a trusted brand in luxury travel," said Ritwik Khare, Founder and CEO, ELIVAAS.

“We see a fast-growing opportunity to leverage the second homes supply to provide premium travel experiences in India via alternate accommodation. Elivaas is best suited to capture this market with their technology-enabled platform and obsessive commitment to customer experience, which is loved by both homeowners and consumers. We at Vertex Ventures SEA & India are excited to partner with Ritwik and Karan on realising this massive opportunity,” added Nikhil Marwaha, Partner, Vertex Ventures Southeast Asia & India.

About Elivaas 

Founded in 2023 by Ritwik Khare and Karan Miglani, Gurugram-based Elivaas runs a management platform for villas and luxury apartments, helping owners earn from, manage, and maintain their properties. Focused on second-home owners and vacation renters, it has hosted about 1,50,000 guests so far.

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The company plans to expand to top destinations like the UAE, Sri Lanka, Bangkok, and Bali, and later to other parts of Southeast Asia.

It works in two main areas—personal and business use. Personal stays make up about 65–70% of its business, while the newer business segment contributes around 30%.