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ELIVAAS Lands $10 Million to Reinvent Luxury Second‑Home Travel A Bold New Chapter Begins Founded in 2023 by travel veterans Ritwik Khare and Karan Miglani, Gurugram‑based ELIVAAS is
Founded in 2023 by travel veterans Ritwik Khare and Karan Miglani, Gurugram‑based ELIVAAS is shaking up the luxury vacation rental scene. In its latest win, the startup has raised $10 million—a capital boost poised to turbocharge its plans to deepen its footprint in both Indian and international markets.
Just last September 2024, ELIVAAS rounded off a $5 million Series A led by 3one4 Capital, with involvement from Peak XV Surge and a group of angel investors. These funds were pivotal. Over two years, the firm upgraded its proprietary tech platform, launched a high‑end brand (Privé), and continued expanding two travel brands—ELIVAAS and Alaya Stays—across 30 Indian destinations.
The brand-new $10 million funding from Vertex Ventures SEA & India aims to power aggressive growth across high‑potential leisure and business travel hotspots within India. The plan? To supercharge visibility and scaling both domestically and overseas.
ELIVAAS plans to deploy “cutting‑edge technology” to refine every aspect of the guest journey—from streamlined operations to seamless bookings—and to ensure it stands out in a competitive alternative‑accommodation space.
Ritwik Khare, CEO of ELIVAAS said:
“We’re excited to welcome Vertex Ventures as a partner in this growth journey, and grateful for the continued support from 3one4 Capital and Peak XV Surge. This phase of funding will fuel expansion in India and establish the foundation for international growth. Our goal is to deliver technology‑enabled, high‑quality experiences at scale and build ELIVAAS into a trusted luxury travel brand.”
Nikhil Marwaha, Partner at Vertex Ventures SEA & India, remarked:
“We believe there’s a rapidly growing opportunity to leverage the supply of second homes into premium travel offerings in India. ELIVAAS’s tech‑enabled platform and dedication to customer experience make it uniquely positioned to capture that market—and we’re thrilled to support Ritwik and Karan.”
Ritwik Khare and Karan Miglani bring rich travel‑industry backgrounds—helping the startup move fast, stay grounded in core operational realities, and understand what discerning travelers expect.
Investing in technology not only scales operations but also elevates the guest experience—an increasingly essential differentiator in luxury travel.
With brands like ELIVAAS, Alaya Stays, and the premium tier Privé, the company can target different segments—from family retreats to ultra‑luxury escapes.
Operating already across 30 destinations in India, the firm has solid domestic visibility—creating platforms for scaling with this new capital.
Backing from respected firms like 3one4 Capital, Peak XV Surge, and now Vertex Ventures SEA & India is a strong signal to the market that ELIVAAS is a startup to watch.
Expect ELIVAAS to focus its expansion on high‑growth leisure and corporate hubs—think Goa, Udaipur, Jaipur, Kerala, maybe even Northeast gems—plus Tier‑2 city destinations gaining popularity.
The new capital will also be used to stake a presence in international markets. While specifics aren’t shared yet, likely targets include luxury‑travel destinations within Asia and beyond.
Tech‑investments will likely power:
ELIVAAS’s recent $10 million raise marks more than just fresh capital—it’s a validation of the growing demand for tech‑driven, luxury second‑home stays in India and a shift toward more curated, high‑touch travel experiences.
With experienced founders at the helm, proven domestic expansion, and a clear vision for tech‑enabled differentiation, ELIVAAS looks set to evolve into the go‑to brand for premium alternative accommodations—not just in India, but globally.
Hi guys, I’m Maria a full-time Blogger & Writer. It is a long-established fact that a reader will be distracted by the content.
Hi guys, I’m Maria a full-time Blogger & Writer. It is a long-established fact that a reader will be distracted by the content.
