MUMBAI: A New Era for Luxury Vacation Rentals
Luxury vacation rental platform Elivaas has successfully raised Rs 87 Crore (about $10.4 Million) in a recent funding round. This significant investment was led by Vertex Ventures Southeast Asia & India, with continued support from existing investors Peak XV Partners (through Surge) and 3one4 Capital.

Expanding Horizons
The infusion of capital is earmarked for deepening market reach across India's leisure and business travel destinations. Moreover, Elivaas is set on expanding its global footprint and enhancing brand visibility both in India and internationally. A portion of the funds will also be allocated to technology investments, ensuring the platform remains at the forefront of the luxury vacation rental ecosystem.
A Vision for the Future
"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," stated Ritwik Khare, founder & CEO of Elivaas.
Founded in 2023 by Khare and Karan Miglani, Elivaas is poised to capitalize on the burgeoning markets of second home ownership and luxury travel.
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