Elivaas, a hospitality startup, benefits from Peak XV’s surge by $2.5 million, among other
Elivaas is one of the 13 new businesses in the 10th accomplice of Pinnacle XV’s gas pedal and brooding project, Flood.
Elivaas will convey the new returns for market extension and to increase its innovation stack
Established in 2023 by Ritwik Khare and Karan Miglani, Elivaas is a tech-driven manor and extravagance loft the executives stage that permits proprietors to adapt, screen, and keep up with their country estates in India.
Extravagance loft upkeep startup Elivaas has gotten seed subsidizing of $2.5 Mn drove by Pinnacle XV’s Flood.
The round additionally saw cooperation from private supporters including Naveen Kukreja of Paisabazaar, Kunal Shah of CRED, Mohit Gupta of Zomato, Amit Lakhotia of Park+, Ravi Singhvi (Ares Asia), Anant Apurv Kumar (Brij Lodgings), Parag Aggarwal of Gobolt and Toranj Mehta of De brews.
Elivaas will send the new returns for market extension and to increase its innovation stack.
Established in 2023 by Ritwik Khare and Karan Miglani, Elivaas is a tech-driven estate and extravagance loft the executives stage that permits proprietors to adapt, screen, and keep up with their getaway homes in India.
It is one of the 13 new businesses in Pinnacle XV Flood’s 10th accomplice.
“As the travel industry rapidly evolves in India, we are witnessing a growing trend where everyday travellers are joining high-net-worth individuals in seeking out luxury accommodation for rental….,” Khare said.
“With the new funds, we are committed to expanding our presence across India, as well as leveraging technology to improve both the homeowner and customer experience,” he added.
Elivaas permits clients to book stays utilizing its own internet booking webpage, as well as contacting the startup’s group through a simulated intelligence based chatbot for any reserving and administration related matters.
The Gurugram-based startup professes to have endorsed on in excess of 50 properties across Goa, Udaipur, Delhi NCR, and Kufri, and has kept up with the greater part inhabitance in their rental homes across seasons.
In the neighborliness market, Elivaas contends with extravagance manor rental startup StayVista, which brought $5 Mn up in an essential financing round drove by DSG Purchaser Accomplices in September 2022.
The improvement comes when the interest for extravagance convenience rentals is encountering powerful development.
According to a report by Statista Indian excursion rentals market is projected to reach $1.88 Bn in 2023 and is supposed to show a yearly development rate (CAGR 2023-2027) of 3.53%, bringing about a projected market volume of $2.16 Bn by 2027.