Elivaas, a technology-focused company managing villas and luxury apartments, has disclosed securing $2.5M in seed funding. The investment was led by Peak XV's Surge and included contributions from angel investors. These newly acquired funds aim to expand Elivaas presence in prominent cities across India and enhance its technological infrastructure. Despite the increasing demand for luxury rental accommodations, a significant portion of vacation homes in India remain unlisted on distribution platforms. This gap reflects an absence of organized supply to meet the growing needs of this market segment. Additionally, property owners face challenges in efficiently managing bookings and determining property prices, often influenced by the distribution channel through which the property is listed.

Moreover, managing sales becomes challenging for homeowners due to inquiries stemming from various channels like travel websites, agents, and social media. Vacation homeowners often encounter difficulties ensuring proper maintenance when their properties are enlisted on rental platforms. Elivaas tackles these challenges through a dual-focused strategy, aiding both property owners and renters. The company takes responsibility for maintaining and closely supervising rental properties on behalf of homeowners. Simultaneously, it implements loyalty and referral programs to incentivize bookings. Additionally, through partnerships, cross-promotions, and its website, Elivaas offers a range of services to assist potential renters, primarily independent travelers or families, in finding accommodations that best suit their preferences.

"As India's travel sector rapidly evolves, we're witnessing a trend where regular travelers, alongside high-net-worth individuals, seek luxury rental accommodations. Elivaas meets this escalating demand by offering customers a seamless and personalized travel and booking experience. With the infusion of new funds, we're dedicated to expanding our presence throughout India while leveraging technology to enhance both homeowner and customer experiences", stated Ritwik Khare, Elivaas Founder.