Funding
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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