ELIVAAS has raised INR 87 Crores in a Series B funding round led by Vertex Ventures, aimed at expanding its presence in the luxury vacation rental market across India and internationally.
Information on the Target
ELIVAAS is a prominent luxury vacation rental platform in India, founded in 2023 by industry veterans Ritwik Khare and Karan Miglani. The company focuses on offering high-end villa and apartment rentals, curating exceptional vacation experiences across the country’s most sought-after destinations. ELIVAAS is committed to personalizing travel experiences to cater to the unique preferences of its guests, ensuring that every detail enhances the comfort, privacy, and exclusivity sought by luxury travelers.
The company has established a significant presence in 30 Indian destinations and has achieved remarkable growth, reporting a 5X year-on-year increase in revenue during FY 2024-25. With its tech-driven platform, ELIVAAS aims to transform the way second home ownership and luxury travel intersect, providing value to both travelers and property owners alike.
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Industry Overview in India
The luxury vacation rental sector in India has experienced substantial growth, driven by rising affluence among consumers and an increased emphasis on experiential travel. With more Indians seeking unique and high-quality vacati
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Vertex Ventures Southeast Asia & India
invested in
ELIVAAS
in 2025
in a Series B deal
Disclosed details
Transaction Size: $10M