Key facts
- Holiday home operator Elivaas is planning a new fundraising round.
- The company aims to double its villa portfolio to 1,200 by the end of the year.
- Elivaas currently manages 670 villas.
- The company has an annualized revenue run rate of approximately Rs 200 crore.
- Elivaas partners with individual property owners rather than owning or leasing large assets.
Holiday home operator Elivaas is preparing for a new fundraising round to support its expansion, with plans to double its villa portfolio to 1,200 by the end of the year.
The company, which currently operates 670 villas, is capitalizing on a surge in demand for professionally managed holiday homes in India. Founder and CEO Ritwik Khare highlighted that India's growing interest in second homes is creating a new category of leisure assets that can generate income.
Elivaas partners with individual property owners, offering hospitality services, distribution, technology, and property oversight, differentiating itself from traditional hotel operators. The company reports an annualized revenue run rate of approximately Rs 200 crore and has previously secured $18 million in funding from investors including Peak XV Partners, 3one4 Capital, and Vertex Ventures.
Khare noted that travelers increasingly prefer private villas for group and family stays, while affluent investors are seeking operators to manage their second homes. Elivaas also has international expansion plans for markets such as Dubai and Sri Lanka, anticipating that Indian travelers will seek similar villa experiences abroad.