Elivaas, a Gurugram-based vacation rental platform, has launched a fundraising round targeting ₹200-250 crore to expand its portfolio beyond individual holiday homes. The company aims to add villas and apartment complexes, targeting 1,200 properties by March 2027, according to livemint.com.
Founded three years ago, Elivaas is differentiating itself in the competitive holiday-home market by focusing on larger properties such as villas and apartment complexes. Ritwik Khare, the founder and chief executive, is leading the fundraising effort to support this growth strategy. The platform currently operates primarily with individual holiday homes but plans to scale its offerings significantly in the coming months.
The vacation rental market in India has seen rapid growth, with many operators focusing on individual homes. Elivaas’s move to include larger properties could position it uniquely against competitors by catering to groups and families seeking more spacious accommodations. This expansion aligns with broader trends in the sector, where platforms are diversifying to capture a wider customer base and increase inventory.
Elivaas’s goal to reach 1,200 properties by March 2027 will mark a substantial increase in its portfolio size. The success of its ₹200-250 crore fundraising round will be critical to achieving this target, as the company seeks to establish a stronger foothold in the vacation rental market, according to livemint.com.