ELIVAAS Secures $5 Million for Luxury Villa Management Expansion

ELIVAAS, a tech-driven luxury villa and apartment management startup, has secured USD 5 million in a Series-A funding round led by 3one4 Capital. Peak XV's Surge, along with several angel investors, also participated in the round. This latest investment follows a USD 2.5 million seed round raised by the Gurugram-based company in November 2023.

Strategic Use of Funding for Luxury Villa Management Growth

ELIVAAS plans to use the newly secured funds to further its goals in the luxury villa management space. The funding will be allocated to:

• Enhancing ELIVAAS's proprietary technology platform
• Expanding its market presence
• Optimizing operations
• Elevating the overall experience for homeowners and guests

Vision for Disruption in the Luxury Vacation Rental Market

Ritwik Khare, Founder and CEO of ELIVAAS, expressed the company's ambition to disrupt the luxury vacation rental market in India. He stated, "Our vision is rooted in quality, technology, and unparalleled guest experiences, and with the backing of 3one4 Capital, Peak XV's Surge, and angel investors, we are positioned to set new standards in this space."

ELIVAAS's Luxury Villa Management Approach: Quality and Technology

Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS manages over 140 properties across popular leisure destinations like Goa, Delhi NCR, Maharashtra, Uttarakhand, Rajasthan, and Himachal Pradesh.

• ELIVAAS's homeowner app provides real-time insights into bookings and property maintenance.
• The HK app automates check-in processes for a seamless experience.
• Guests enjoy advanced features such as 3D property tours, AI-driven chatbots, and smooth payment systems.

Scaling Operations and Refining Technology for Luxury Villa Management

Karan Miglani, Co-founder of ELIVAAS, emphasized the significance of this funding milestone in enabling the company to scale its operations, refine its technology, and deepen its presence in India's luxury vacation rental market. He stated, "We aim to establish ourselves as the most trusted and recognizable brand in the luxury vacation rental space."

Key Players Supporting ELIVAAS's Luxury Villa Management Journey

• 3one4 Capital: A leading venture capital firm that has provided substantial investment to support ELIVAAS's growth.
• Peak XV's Surge: A prominent venture capital firm that recognizes the potential of ELIVAAS's luxury apartment management solutions.
• Angel Investors: Individual investors who believe in ELIVAAS's vision and contribute to its success.

ELIVAAS: Transforming the Luxury Villa Management Landscape

With a commitment to quality, technology, and an exceptional guest experience, ELIVAAS is poised to become a leading player in India's luxury vacation rental market. Their focus on technology and innovation, coupled with the support of key investors, positions them to revolutionize the luxury villa management landscape.