Luxury Vacation Rental Platform ELIVAAS Raises ₹87 Crore in Series B Round Led by Vertex Ventures

ELIVAAS, a leading luxury vacation rental platform, has successfully raised INR 87 Crores (approx USD 10.4 Million) in its Series B funding round, led by Vertex Ventures Southeast Asia & India. Existing investors Peak XV Partners’ Surge and 3one4 Capital also participated in the round, reinforcing continued confidence in the brand’s growth trajectory and market potential.

Backed by its latest funding round, the company is focused on deepening its market penetration by doubling down on its presence in high-potential leisure and business travel destinations across India. ELIVAAS also aims to expand its global footprint and strengthen brand visibility in India and international markets, reinforcing its position as a leading player in the luxury vacation rental ecosystem. ELIVAAS also plans to invest in cutting-edge technology to fuel its next stage of growth, boosting operational performance, transforming the customer journey, and strengthening brand growth in an increasingly competitive market.

"We are thrilled to partner with Vertex Ventures SAE & India as we enter this new phase of growth and equally appreciative of the trust placed in us by our early backers Peak XV Partners’ Surge and 3one4 Capital . This round will enable us to not only grow aggressively in India but also lay the groundwork for international expansion. Our focus remains on leveraging technology to ensure seamless, high-quality experiences at scale while strengthening ELIVAAS as a trusted brand in luxury travel," said Mr. Ritwik Khare, Founder and CEO, ELIVAAS.

“We see a fast growing opportunity to leverage second homes supply to provide premium travel experiences in India via alternate accommodation. Elivaas is best suited to capture this market with their technology enabled platform and obsessive commitment to customer experience, which is loved by both home owners and consumers. We at Vertex Ventures SEA & India are excited to partner with Ritwik and Karan on realizing this massive opportunity.” Nikhil Marwaha, Partner, Vertex Ventures Southeast Asia & India.

Founded in 2023 by travel industry veterans Ritwik Khare and Karan Miglani, ELIVAAS aims to redefine second home ownership and luxury travel. In its Series A round in September 2024, the company raised $5 million, led by 3one4 Capital with participation from Peak XV Surge and angel investors. Over the last 2 years, the funding enabled ELIVAAS to enhance its proprietary technology platform, expand its operations, and launch its premium luxury brand, Privé while continuing to expand both ELIVAAS and Alaya Stays.

The brand currently operates in 30 Indian destinations, with 5X year-on-year growth in revenue in FY 24-25.

The Series B fundraise marks a major milestone for ELIVAAS as it gears up to scale sustainably, backed by a strong technology foundation and a differentiated service proposition.

Delhi-Based Gorenty Allows You To Make Money By Renting Out Things

Do you have a bunch of stuff tucked away in the last drawer of your almirah, which basically is of no use to you but is so precious to dispose off or sell? Try Gorenty, a Delhi-NCR based online marketplace that allows owners to rent out their good/services and earn money from it. Similarly, renters can also make use of the platform to find attractive rental deals in and around their vicinity.

The easy to use interface of Gorenty allows users to browse across multiple categories of items, along with pricing, details,and contact of the owner/vendor. From home appliances, cars, outfits to furniture, accessories etc., anything and everything legal can be rented out on Gorenty.com.

One similar startup to Gorenty is RentSher, a P2P online renting platform based out of Bengaluru. Rentsher however doesn't allow owners to earn money by renting their poducts through its platform.

The currently self-funded Gorenty is a bootstrapped startupn founded by Vineet Goyal and Amit Kumar, both having more than 12 years of experience in the creative digital industry and Java Development respectively. There are two more core members, Ms.Manju Bala, Co-founder and Product Head and Mr. Joginder Pal, who is President of Gorenty.com respectively.

[caption id="attachment_100934" align="alignleft" width="700"] Team GoRenty - (L-R) Amit Kumar, Manju Bala, Vineet Goyal and Joginder Pal.[/caption]

According to Vineet Goyal, founder of Gorenty.com, "So far the target customers of the online retail market were the Buyers and the Sellers. Now we are tapping into a largely unexplored and huge customer base – the Renters." The objective of the startup is to connect people who own unused stuff at home to those who need that stuff for only a temporary duration… a day, week, month or maybe a little more.

The platform's clean and easy user experience is the thing that distinguishes it from others in the market. Gorenty is a platform which is dedicated for all renting solutions. Rental market is a very unorganized sector and Gorenty aims to transform this unorganized sector into an organised and customer friendly sector.

The startup's immediate future plans include launching the first Rental Marketplace mobile application very soon.