ELIVAAS, a Gurugram-based vacation home rental platform, has raised $5 million in its Series A funding round. The round was led by 3one4 Capital, with additional participation from Peak XV’s Surge and other angel investors. This funding will be used to improve ELIVAAS’s technology, expand its market reach, and optimize operations for both homeowners and guests, according to a company press release.
A Rising Star in the Vacation Rental Market
Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS focuses on managing luxury villas and premium apartments. The platform is revolutionizing India’s vacation rental market by offering curated, high-end experiences. With more than 140 properties under its management, ELIVAAS operates in popular vacation spots like Goa, Delhi NCR, Rajasthan, Maharashtra, Himachal Pradesh, and Uttarakhand.
ELIVAAS is committed to providing premium vacation experiences, targeting guests seeking luxurious and personalized stays in some of India’s top travel destinations. If you’re looking for a relaxing villa in Goa or a grand estate in Rajasthan, ELIVAAS aims to offer the perfect fit.
For more information on luxury vacation rentals, check out their official website.
Expanding Technology and Reach
ELIVAAS is not just a vacation home platform; it’s a tech-driven company that uses advanced tools to enhance the experience for both homeowners and guests. The new funding will be used to enhance their proprietary technology to improve property management and booking systems.
Homeowners can use the ELIVAAS app to get real-time updates on bookings, reviews, and property maintenance. This app offers seamless management, allowing property owners to stay connected with their rentals without being involved in daily operations. The HK app also helps automate the check-in process, making it easier for homeowners to manage properties even from a distance.
On the guest side, ELIVAAS offers a user-friendly experience with features like 3D property tours, AI-powered chatbots for quick assistance, and easy, secure payment options. These tech-driven tools ensure guests have a hassle-free booking experience, making ELIVAAS stand out in the competitive vacation rental market.
For more insights into how technology is enhancing vacation rentals, explore this guide on AI-driven property management.
Backed by Major Investors
3one4 Capital led the Series A round, while Peak XV’s Surge and other investors contributed. This backing demonstrates strong confidence in ELIVAAS’s business model and its potential to become a leader in India’s luxury vacation rental market. The platform’s innovative approach, combining hospitality with advanced technology, has caught the attention of top investors.
ELIVAAS had previously raised $2.5 million in funding back in November 2023, bringing their total funds raised to $7.5 million. This new investment will help the company scale operations, reach more homeowners and guests, and further solidify its presence in India’s growing vacation rental sector.
Learn more about Peak XV’s Surge and their support for high-growth startups on their official site.
Focus on Premium Experiences
What sets ELIVAAS apart from other platforms is its dedication to providing premium vacation experiences. Each property in their portfolio is carefully curated to offer a luxurious and personalized stay for guests. The company ensures high-quality service, from booking to check-out, creating memorable experiences for travelers.
Whether it’s a secluded villa in Goa or a spacious luxury home in Rajasthan, ELIVAAS has options to suit various tastes and preferences. By focusing on high-end hospitality and curated experiences, ELIVAAS is creating a niche for itself in India’s vacation rental industry.
For a closer look at the best vacation spots ELIVAAS operates in, check out their featured destinations.
Conclusion
With the latest $5 million in Series A funding, ELIVAAS is ready to expand its footprint in the luxury vacation rental market. By investing in new technology, growing its property portfolio, and improving its operations, ELIVAAS is poised to offer even better experiences for both homeowners and guests. Keep an eye on this rising star in the Indian vacation rental industry.
For more details on ELIVAAS’s growth and expansion, visit their official news page.