ELIVAAS is an online platform for villa and luxury apartment management services. The startup secured 5 million USD in its series A funding round from 3One Capital. The funding round saw the participation of various investors including Peak XV’s surge and other angel investors. The startup plans to use these fresh proceeds to scale its operations, enhance its platform, expand its market presence, and meet general purposes.
The company will use some of this investment to enhance its technology and optimize operations while improving the overall experience for guests and homeowners. ELIVAAS provides apartment management solutions to transform India’s premium vacation rental market. The online platform offers various services related to vacation homes. The company has raised around $8.05 million across multiple funding rounds since its inception, including 550k USD secured during its seed funding round from We Founder Circle, Kettleborough VC, and more. The data intelligence platform, tracxn mentioned the company’s valuation to be around 13.1 million USD. ELIVAAS combines advanced technology with hospitality to provide a high-quality vacation experience.
The firm provides a homeowner app to provide real-time insights into property maintenance, reviews, and bookings. The HK application automates the check-in SOPs and simplifies overall property management. This investment will enable the startup to improve its performing capability and expand its services in India. The cutting-edge technology enhances personalization and elevates the unique user experience. The platform uses artificial intelligence to provide users with advanced features like 3D property tours, AI chatbots, and online payment options. The company faces competition from online property management platforms such as A Break Please, SaffronStays, and Luxasa.
The startup claims to have over 120 properties across premier leisure destinations including Maharashtra, Himachal Pradesh, Goa, Uttarakhand, and Delhi NCR. The startup intends to use some of this fresh capital to enhance its resources, advance its technologies, and improve its platform to offer the best user experience.
The development came just after the online property and luxury apartment management platforms saw increased investor interest. After this round, the existing investor Surge remains the largest institutional investor in the firm. This investment shows investors’ trust in EVILAAS’s market potential and business model. The company has 6 institutional investors including Peak XV partners, Kettleborough VC, and 3one4 Capital.
Conclusion :
The online luxury apartment and property managing startup ELIVAAS secured 5 million USD in its series A funding round from 3one Capital with the participation of Peak XV’s Surge and angel investors. The startup intends to use this fresh capital to scale its operations, enhance its platform, and develop a market presence.
The platform provides an online platform for users to book and rent luxury apartments or villas. The company claims to offer its services across locations including Goa, Himachal Pradesh, Maharastra, and Delhi NCR. ELIVAAS offers an application to provide 3D property tours to its users. This rental service provider has secured over 8.05 million USD across multiple rounds since its inception.
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