ELIVAAS secures $5 million in a funding round led by 3one4 Capital.

ELIVAAS, a vacation home rentals platform, has secured $5 million in a Series A funding round led by 3one4 Capital, with participation from Peak XV's Surge and several angel investors. Based in Gurugram, the company had previously raised $2.5 million in November 2023. The new funds will be used to enhance its proprietary tech platform, grow its market presence, streamline operations, and improve the overall experience for both homeowners and guests. Co-founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS focuses on managing luxury villas and apartments, aiming to revolutionize India's premium vacation rental market by integrating technology and hospitality for tailored, high-end vacation experiences. The platform currently manages over 140 properties in top leisure destinations, including Goa, Delhi NCR, Rajasthan, Maharashtra, Himachal Pradesh, and Uttarakhand. It offers a homeowner app with real-time booking, review, and maintenance insights, and a housekeeping app that automates check-in procedures. Guests benefit from an easy-to-use platform featuring 3D property tours, AI-powered chatbots, and seamless payment options.