ELIVAAS, an innovative online platform specializing in villa and luxury apartment management, has successfully secured $5 million in its Series A funding round. The investment, backed by prominent investors like 3One Capital, Peak XV’s Surge, and other angel investors, will help the startup scale its operations, enhance its technology, and expand its market presence. With over 120 properties in prime leisure destinations across India, ELIVAAS is poised to redefine the luxury vacation rental market by integrating advanced technology with a seamless user experience.
What is ELIVAAS?
ELIVAAS is an online platform that provides villa and luxury apartment management services, specializing in vacation home rentals. The platform aims to revolutionize India's premium vacation rental market by combining advanced technology with hospitality, offering users an enhanced and seamless experience.
Why is ELIVAAS important?
ELIVAAS addresses the growing demand for premium vacation rentals in India by providing a comprehensive management solution for homeowners and guests. By offering advanced features like 3D property tours, AI chatbots, and automated check-in processes, it simplifies property management and elevates the vacation experience for both homeowners and travelers.
When did ELIVAAS secure funding?
The startup secured $5 million in its Series A funding round, with notable investors like 3One Capital, Peak XV’s Surge, and angel investors participating. This funding round followed a series of earlier investments, bringing ELIVAAS’s total funds raised to about $8.05 million since its inception.
Where does ELIVAAS operate?
ELIVAAS operates across India, with over 120 properties listed in top leisure destinations such as Maharashtra, Himachal Pradesh, Goa, Uttarakhand, and Delhi NCR. It is focused on enhancing its market presence and expanding its services in these regions.
Who is behind ELIVAAS Vacation Rentals in India?
The company was founded by a team dedicated to transforming the vacation rental market. It has six institutional investors, including Peak XV Partners, Kettleborough VC, and 3one4 Capital. Surge, an existing investor, remains the largest institutional investor after this latest funding round.
How will ELIVAAS use the funding?
The company plans to use the $5 million raised to scale its operations, enhance its platform’s capabilities, and expand its market presence. The funding will also be used to improve the technology behind the platform, optimize operational processes, and continue providing a top-tier user experience for both homeowners and guests.
Conclusion
ELIVAAS, a leading platform for managing luxury vacation rentals in India, raised $5 million in Series A funding to expand its operations and technology. With a focus on delivering high-quality services and personalized experiences, the company continues to strengthen its position in the competitive online property management market.
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