Elivaas Raises $10M to Expand Luxury Rentals in Asia

Elivaas, luxury vacation rental platform, raised approximately ₹87 crore (almost $10 million) in its Series B round, led by Vertex Ventures Southeast Asia & India, with continued support from Peak XV Partners’ Surge and 3one4 Capital.

Elivaas currently operates in 30 destinations with over 500 properties, aiming to reach 1,000 properties in the next year.

The newly raised capital will be used to expand deeper across leisure and business travel destinations, with a focus on East and Northeast India.

Elivaas also plans to explore international markets including the UAE, Sri Lanka, Thailand, Bali, and Southeast Asia, prioritizing locations within a 5-hour flight radius.

Check out our article on how to start a vacation rental management company to learn more about the business model.

Photo by Nelson Winfred on Unsplash