Hospitality startup Elivaas raises $10.4 million in funding round led by Vertex Ventures

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Elivaas, a luxury vacation rental company, has raised about $10.4 million (Rs 87 crore) in a funding round led by Vertex Ventures Southeast Asia and India.

The round also saw participation from existing investors, Peak XV Partners’ accelerator programme for early-stage startups Surge, and venture firm 3one4 Capital.

Elivaas founder and chief executive Ritwik Khare told ET that the company will use the funds to further penetrate the Indian market, expand its presence globally, and enhance its brand visibility.

“We are currently present in about 510…



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Hospitality startup Elivaas raises $10.4 million in funding round led by Vertex Ventures



Elivaas, a luxury vacation rental company, has raised about $10.4 million (Rs 87 crore) in a funding round led by Vertex Ventures Southeast Asia and India.

The round also saw participation from existing investors, Peak XV Partners’ accelerator programme for early-stage startups Surge, and venture firm 3one4 Capital.

Elivaas founder and chief executive Ritwik Khare told ET that the company will use the funds to further penetrate the Indian market, expand its presence globally, and enhance its brand visibility.

“We are currently present in about 510…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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