3one4 Capital leads $5 Mn round in ELIVAAS

Vacation home rentals platform ELIVAAS has raised $5 million in Series A funding round led by 3one4 Capital along with participation from Peak XV’s Surge and other angel investors.

The Gurugram-based company had previously raised $2.5 million back in November 2023.

The fresh proceeds will be allocated towards enhancing its proprietary technology platform, expanding market presence, optimizing operations, and elevating the overall experience for homeowners and guests, ELIVAAS said in a press release.

Co-founded in 2023 by Ritwik Khare and Karan Miglani,  ELIVAAS is a tech-driven business specializing in villa and luxury apartment management which aims to transform the premium vacation rental market in India. The platform combines technology with hospitality to offer curated, high-end vacation experiences.

It claims to have a portfolio of over 140 properties across premier leisure destinations including Goa, Delhi NCR, Rajasthan, Maharashtra, Himachal Pradesh, and Uttarakhand.

ELIVAAS’s homeowner app offers real-time insights into bookings, reviews, and property maintenance, while the HK app automates check-in SOPs and simplifies property management. For guests, the platform provides an intuitive interface with advanced features like immersive 3D property tours, AI-driven chatbots, and hassle-free payment options.