What if your next luxury vacation didn’t come from a hotel chain—but from someone’s second home, managed like a five-star resort? That’s the dream ELIVAAS is selling, and investors are lining up to make it real.
The Gurugram-based startup just raised a whopping $10 million to take its luxury vacation rental platform to the next level—and challenge the way premium travelers experience getaways in India and beyond.
The Story Behind ELIVAAS
Founded in 2023 by travel industry veterans Ritwik Khare and Karan Miglani, ELIVAAS was built on a simple but powerful idea: upscale travelers want more than hotels—they want beautiful homes, fully serviced, with zero hassle.
ELIVAAS taps into India’s massive supply of second homes and transforms them into tech-enabled, luxury vacation rentals. Think Airbnb, but curated for those who expect concierge-level service, designer interiors, and privacy.
The Big Money Moves
After securing $5 million in a Series A round last year led by 3one4 Capital and Peak XV Surge, ELIVAAS just landed an additional $10 million, this time from Vertex Ventures SEA & India.
That cash is already earmarked for:
- Scaling operations across top Indian travel hubs
- Entering global luxury markets
- Upgrading its tech to make the guest experience seamless from booking to check-out
ELIVAAS already operates in 30 destinations across India, and it’s just getting started.
The Rise of “Privé” and Luxury Reimagined
ELIVAAS also launched Privé, its premium brand for ultra-luxury homes. These aren’t your average rentals. We’re talking villas with chefs, private pools, and jaw-dropping views.
The brand’s focus? Experience-first stays, where guests get the luxury of hotels combined with the freedom and intimacy of private homes.
What the Founders Are Saying
Ritwik Khare, ELIVAAS’s co-founder and CEO, says the mission is clear:
“We’re building a brand that redefines second home ownership and luxury travel through technology and trust. With this funding, we’re ready to scale across India—and the world.”
Vertex Ventures Partner Nikhil Marwaha added:
“ELIVAAS is perfectly placed to dominate the luxury vacation rental market in India. Their tech platform and obsession with guest experience make them stand out.”
So What’s Next?
With deep investor pockets, a killer product, and growing demand for non-hotel luxury stays, ELIVAAS is now eyeing international markets. Think Bali, Dubai, the Maldives—anywhere second homes meet high-end travelers.
If they pull it off, they won’t just be India’s answer to Airbnb—they’ll be its luxury alternative.
Final Thought
This isn’t just another travel startup. ELIVAAS is riding the wave of luxury decentralization—where your next five-star stay isn’t in a hotel, but in someone else’s designer home. And with $10 million behind them, that wave is about to turn into a tsunami.
