Indian Vacation Rental Startup Elivaas CEO on Its $5 Million Funding and Expansion Plans
Photo Credit: Oakwood Cottages in Jaipur. Elivaas
Skift Take
As hospitality, technology, and sustainability start to blend, Elivaas is showing how luxury travel could be redefined. But a lot rides on how the brand handles the challenges, especially in India.
Elivaas, a tech-driven luxury villa and apartment management Indian startup, has secured $5 million in a funding round led by Bengaluru-based 3one4 Capital, with participation from Peak XV's Surge and other angel investors.
Founded by industry veterans — Ritwik Khare, who comes from MakeMyTrip, and Karan Miglani, the former global product head of Tripadvisor — Elivaas is rapidly expanding in India where the luxury vacation rental market is still in an early stage. It raised $2.5 million in November 2023.
While Elivaas focuses on luxury villas, its sister brand, Alaya Stays, caters to premium apartments.
Elivaas Co-Founders Karan Miglani (left) and Ritwik Khare. The Growth Story: From Six States to Global AmbitionsElivaas has achieved remarkable growth in a short span of 14 months, expanding to over 140 properties across major leisure destinations
