Luxury vacation rental startup Elivaas bags $10.4 mn in funding

MUMBAI: Luxury vacation rental platform Elivaas has bagged Rs 87 Crore (about $10.4 Million) in funding led by Vertex Ventures Southeast Asia & India. Existing investors Peak XV Partners (through Surge) and 3one4 Capital also backed the round.The company will use the capital to deepen its market reach by increasing its exposure to leisure and business travel destinations across India.ELIVAAS also aims to expand its global footprint and strengthen brand visibility in India and international markets, reinforcing its position as a leading player in the luxury vacation rental ecosystem. The Startup will also use portions of funds to invest in technology."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," said founder & CEO Ritwik Khare.Founded in 2023 by Khare and Karan Miglani, Elivaas aims to capitalise on second home ownership and luxury travel.