Archive · 12 Aug 2025
ELIVAAS Raises INR 87 Cr, Plans Southeast Asia Expansion
Imagine a company called ELIVAAS that helps people rent out their homes like a fancy Airbnb.
They also take care of the services offered in the premises.
They just got a big check for INR 87 Cr to grow!
They plan to use this money to go to new places like Southeast Asia, make their technology smarter with something called AI, and let more people know about their business.
ELIVAAS helps both the people who own the homes, the travelers, and even the housekeepers.
ELIVAAS makes money by taking a part of the booking and through the services offered to travelers.
Hospitality startup ELIVAAS secured INR 87 Cr in Series B funding, led by Vertex Ventures.
The funding aims to expand ELIVAAS's global presence, enhance its tech with AI, and build its brand.
ELIVAAS plans to enter Southeast Asia with the new capital.
Founded in 2023, ELIVAAS offers full-stack hospitality services to property owners, travelers, and housekeepers.
The company's FY24 net loss was INR 10.4 Cr on INR 7 Cr in revenue, but revenue surged 4X in FY25.
- Who
- ELIVAAS, founded by Ritwik Khare and Karan Miglani, received investment from Vertex Ventures, Peak XV Partners' Surge, and 3one4 Capital.
- What
- ELIVAAS, a hospitality startup, raised INR 87 Cr in Series B funding.
- When
- The Series B funding round happened recently after ELIVAAS raised $5 Mn in Series A funding in September 2024.
- Where
- The company is based in Delhi NCR and aims to expand into Southeast Asia.
- Why
- The funding will be used to expand globally, leverage AI, and build its brand.
ELIVAAS Perspective
Investor Perspective
Financial Strategy
ELIVAAS Perspective
Focusing on growth and expansion into new markets, including Southeast Asia.
Investor Perspective
Focusing on potential financial risks such as the company's losses in FY24.
- Startup Name
- ELIVAAS
- Funding Amount
- INR 87 Cr (approx. $10 Mn)
- Funding Round
- Series B
- Lead Investor
- Vertex Ventures
- Founded
- 2023
- Current Locations
- 32 cities in India
- FY24 Net Loss
- INR 10.4 Cr