About ELIVAAS
ELIVAAS is a Travel & Hospitality company based in Gurugram (India) founded in 2023 by Karan Miglani and Ritwik Khare. Luxury vacation homes are provided via an online rental marketplace. ELIVAAS has raised $18.51 million across 5 funding rounds from investors including 3one4 Capital, We Founder Circle and Peak XV Partners. The company has 193 employees. ELIVAAS was last valued at $23.35 million in September 2024. Its chief executive, as recorded, is Ritwik Khare. Its website elivaas.com draws about 187 thousand monthly visits. Its Indian entity Ishanee Villas Tech Private Limited reported revenue of ₹7.97 Cr. Its focus areas include Consumer, Online Travel, Accommodation and Vacation Rentals. Its competitors include Delta Corp, SaffronStays and The Leela Palaces Hotels and Resorts; 1 of its 3 listed competitors has raised funding.
Company details
ELIVAAS was founded in 2023 in Gurugram, India, as a marketplace for luxury vacation home rentals. Short-term rentals of exclusive properties are facilitated through the platform, where users search and book options for weekend getaways or extended stays. Services for property owners include assistance in monetizing and managing luxury homes. Luxurious villa accommodations are offered across various locations worldwide.
- Headquarters Gurugram, India
- Employees 193
- Founders Karan Miglani, Ritwik Khare
- Stage Minicorn
- SectorsTravel & Hospitality
- Website category Travel and Tourism
- Email••••••••
- Phone•••• ••••
- Website elivaas.com
- Social LinkedIn X Facebook
- Legal Name Ishanee Villas Tech Private Limited
- Date of Incorporation 02 Jan, 2023
- Jurisdiction Gurugram, Haryana, India
- Annual Revenue₹7.97 Cr
FY 2024
- Net Loss-₹10.43 Cr
FY 2024 · -131% margin
- EBITDA-₹10.23 Cr
FY 2024 · -128% margin
- Total Equity Funding$18.51M (USD)
in 5 rounds
- Latest Funding Round$10.4M (USD), Series B
Aug 2025
- Investors3one4 Capital
& 23 more
- Employee Count193
Associated legal entities of ELIVAAS
ELIVAAS operates through Ishanee Villas Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ishanee Villas Tech Private Limited CIN U55101HR2023PTC108836 | Active | 02 Jan 2023 | Gurgaon, Haryana | ₹8.0 Cr | 307 | 3 | View details |
Funding Insights of ELIVAAS
ELIVAAS has successfully raised a total of $18.51M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10.4 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $18.51M
- Total Rounds 5
- Last Round Series B — $10.4M
- First Round $2.5M
(Apr 2023)
- Investors Count 24
All 5 funding rounds of ELIVAAS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $10.4M | Series B | – | Vertex Ventures | |
| Sep 2024 | $5M | Series A | $23.35M | 3one4 Capital | |
| Apr 2024 | $550,178 | Seed | $14.19M | Kettleborough VC, We Founder Circle | |
| Mar 2024 | $59,032 | Seed | – | – | |
| Apr 2023 | $2.5M | Seed | $••••• | Peak XV Partners |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $23.35M | •••••••• |
| Apr 2024 | $14.19M | •••••••• |
| Apr 2023 | $••••• | •••••••• |
Full valuation and stage history of ELIVAAS
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Last known valuation $23.35M (Sep 2024). 24 investors in total: 9 institutional and 15 angel.
Investors in ELIVAAS
ELIVAAS has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include 3one4 Capital, We Founder Circle and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors like SaaS and Fintech in India. | 2016 | 3one4capital.com | Bengaluru, India | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Venture capital services and investment in startups. | 2020 | kettleborough.vc | Ahmedabad, India | |
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Venture capital fund focused on multiple sectors | 1997 | vertexventures.sg | Singapore, Singapore | |
Residential and commercial properties are developed by Salarpuria Group. | salarpuriagroup.com | Kolkata, India | ||
Accounting, audit, and tax consulting services are provided by KNAV. | knavcpa.com | Atlanta, United States | ||
MS Maniti Shah | unknown_f1d94ba931f5407bb |
Investor details for ELIVAAS
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Board of directors of Ishanee Villas Tech Private Limited (ELIVAAS)
Ishanee Villas Tech Private Limited is the primary company behind ELIVAAS. The board of Ishanee Villas Tech Private Limited currently have 3 directors; the longest-serving is Ritwik Khare, appointed in 2023. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ritwik Khare DIN 09846038 | Director | 02 Jan 2023 | 3 yrs 10 mo | Ishanee Villas Tech Private Limited |
| Karan Miglani DIN 10104812 | Director | 07 Apr 2023 | 3 yrs 7 mo | Ishanee Villas Tech Private Limited |
| Nikhil Marwaha DIN 07621183 | Nominee Director | 18 Aug 2025 | 1 yr 2 mo | Ishanee Villas Tech Private Limited |
People of ELIVAAS
4 people are tracked at ELIVAAS (4 in leadership); the tracked headcount is 193.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CPO | Leadership | |
| Co-Founder & CEO | Leadership | |
Kriti Singhal | Head- Strategic Alliances And Partnerships | Leadership |
Veena Tickoo | Founder's Office - Human Resource | Leadership |
Complete people profiles for ELIVAAS
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Financials of ELIVAAS
Figures of Ishanee Villas Tech Private Limited, the primary company behind ELIVAAS, for FY 2024. Revenue was ₹7.97 Cr. Net loss was -₹10.43 Cr (-131% margin). EBITDA was -₹10.23 Cr (-128% margin).
- ₹7.97 CrRevenue · FY 2024
- -₹10.43 CrNet loss · -131% margin
- -₹10.23 CrEBITDA · -128% margin
- ₹14.7 LakhPaid-up capital
- 307Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Ishanee Villas Tech Private Limited are on its company page.
Detailed financial statements for ELIVAAS
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of ELIVAAS
4 dated milestones of ELIVAAS across 2 years, from founding to its latest funding, stage changes and deals.
- Founded ELIVAAS is founded.
- Funding First funding round of $2.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $10.4M.
Competitors of ELIVAAS
ELIVAAS has 3 listed competitors in our database, 1 of them funded. They include Delta Corp, SaffronStays and The Leela Palaces Hotels and Resorts.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deltacorp.in | 1990 | Mumbai, India | 2,021 | Gaming & hospitality firm | ||
| saffronstays.com | 2014 | Mumbai, India | $3.86M | 152 | Online marketplace for booking vacation rentals | |
| theleela.com | 1986 | Mumbai, India | 66 | 5-star luxury hotels in India are owned and operated. |
Detailed competitors of ELIVAAS
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Web traffic of ELIVAAS
The website of ELIVAAS (elivaas.com) receives about 187K visits a month and ranks #220,785 among all websites worldwide, #6,367 in Travel and Tourism.
- Monthly visits187K
▼ 4.7% vs previous month
- Unique visitors105.1K
per month
- Global rank#220,785
among all websites
- Category rank#6,367
Travel and Tourism · Travel and Tourism
- Bounce rate51%
- Pages per visit2.4
- Average visit2 min 24 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with ELIVAAS. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| stayvista.com | 100% | 416.3K | #76,386 | View details | |
| thegoavilla.com | 81% | #1,643,290 | View details | ||
findingjules.com | findingjules.com | 73% | #6,214,991 | – | |
| makemytrip.com | 71% | 42.1M | #791 | View details | |
| jaipurbeat.com | 70% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for ELIVAAS
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Top companies in Online Travel
3 companies that operate in the same segment as ELIVAAS (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 399 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 505 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 425 |
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Related news about Elivaas
Complete news archive for ELIVAAS
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Frequently Asked Questions about ELIVAAS
ELIVAAS was founded in 2023.
ELIVAAS is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ritwik Khare is the CEO of ELIVAAS, as recorded in our data. They have also founded this company.
ELIVAAS is a funded company, having raised a total of $18.51M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Apr 2023.
ELIVAAS has 193 employees.
The primary company behind ELIVAAS, Ishanee Villas Tech Private Limited, reported revenue of ₹7.97 Cr for FY 2024.
ELIVAAS was founded in 2023 in Gurugram, India, as a marketplace for luxury vacation home rentals. Short-term rentals of exclusive properties are facilitated through the platform, where users search and book options for weekend getaways or extended stays. Services for property owners include assistance in monetizing and managing luxury homes. Luxurious villa accommodations are offered across various locations worldwide.
ELIVAAS's top competitors include SaffronStays, The Leela Palaces Hotels and Resorts and Delta Corp.
ELIVAAS has 24 investors. Key investors include 3one4 Capital, We Founder Circle, Peak XV Partners, Vertex Ventures SG, and Kettleborough VC.
The valuation of ELIVAAS is $23.35M as of Sep 2024.
ELIVAAS operates through Ishanee Villas Tech Private Limited.
The legal entities of ELIVAAS currently have 3 directors, including Ritwik Khare, Nikhil Marwaha, Karan Miglani.