Overview
- Existing investors Peak XV Partners’ Surge and 3one4 Capital joined Vertex Ventures Southeast Asia & India in the Series B round.
- The startup intends to target key leisure and business travel hubs across its 32 Indian destinations while laying groundwork for its first Southeast Asia operations.
- It will bolster its technology stack with AI-powered features and expand tools such as its proprietary housekeeper app to streamline service delivery.
- Since its September 2024 Series A, ELIVAAS has grown its portfolio from about 100 to roughly 500 premium properties and launched sub-brands Privé and AlayaStays.
- Despite a FY24 net loss of ₹10.4 crore on ₹7 crore revenue, founder estimates indicate a four- to fivefold top-line surge in FY25.