Inside India’s Hottest New Travel Startup: How Elivaas Just Bagged $10 Million to Take Over Luxury Vacation Rentals

Gurugram-Based Elivaas Is Quietly Building a Vacation Rental Empire — Now It Has $10M to Go Global

Move over, Airbnb — there’s a new luxury travel disruptor in town.

Elivaas, the fast-rising Gurugram-based startup redefining second home ownership and premium vacation stays, has just secured $10 million in fresh funding to fuel its bold expansion plans. Launched in 2023 by travel industry veterans Ritwik Khare and Karan Miglani, Elivaas is now making serious moves — and the world is starting to notice.

Backed by big names like 3one4 Capital and Peak XV’s Surge, this homegrown startup is going full throttle in the high-end holiday rental space. And with this latest fundraise, it’s gearing up to take its luxury experiences across India and beyond.

What Is Elivaas, and Why Is Everyone Talking About It?

Elivaas isn’t your average short-stay rental platform. It’s a tech-powered, luxury-focused second home and vacation rental brand, offering handpicked stays that blend five-star comfort with the privacy of private homes.

Since launching in 2023, Elivaas has:

• Built a premium tech platform to manage high-end stays
• Launched Privé, its ultra-luxury collection
• Scaled its sister brand Alaya Stays, targeting upscale vacation homes
• Gained momentum in India’s fast-growing leisure travel market

In just two years, it’s gone from stealth mode to scaling rapidly in top destinations, all while crafting a brand that screams luxury, trust, and exclusivity.

$10 Million and Counting — Here’s Who’s Backing Elivaas

The latest funding round was led by 3one4 Capital, with continued participation from Peak XV Surge and prominent angel investors.

This comes on top of the $5 million Series A round raised in September 2024, which helped Elivaas expand its tech capabilities and roll out new verticals like Privé — positioning itself as a one-stop shop for luxury vacation rentals in India.

And clearly, investors see the big picture. With India’s travel boom in full swing and global demand for curated, high-end stays surging, Elivaas is riding a major wave.

“We’re Not Just a Rental Platform — We’re Redefining Ownership and Travel,” Says Founder

Co-founder and CEO Ritwik Khare, a veteran of the hospitality space, says Elivaas is tapping into an underserved niche:

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“The future of travel is deeply personal, tech-led, and design-forward. With Elivaas, we’re offering more than stays — we’re offering experiences that feel like home, but elevated.”

Khare and co-founder Karan Miglani both bring decades of experience in hospitality, travel tech, and real estate — and they’re using it to shake up how Indians (and international travelers) think about second homes and vacations.

What’s Next: National Domination, Global Expansion

Elivaas plans to use the fresh $10M infusion to:

• Expand aggressively into India’s top travel destinations — from Goa to Udaipur to Coorg
• Boost global visibility and enter select international markets
• Deepen tech innovation to personalize the luxury stay experience
• Scale both Elivaas and Privé, and grow the Alaya Stays network

With more Indians investing in second homes and luxury travel on the rise, Elivaas is eyeing long-term leadership in the premium stay space.

And they’re not stopping at just bookings. The company’s broader vision includes end-to-end property management, concierge services, and even co-ownership models — think ultra-luxury, Airbnb-style meets real estate innovation.

The Bottom Line: Elivaas Could Be India’s Airbnb for the 1%

With investors betting big, a powerful founding team, and a unique product built for the next generation of luxury travellers, Elivaas is quickly becoming a name to watch in global hospitality.

This isn’t just a startup scaling up — it’s a movement reshaping how affluent Indians travel, invest, and unwind.