Elivaas raises ₹200-250 crore for 1,200 holiday homes by 2027
Vacation rental platform Elivaas is raising ₹ 200-250 crore as it targets 1,200 properties by March 2027.
The three-year-old, Gurugram-based startup manages over 800 properties across 55 cities and last raised an ₹ 87-crore Series B led by Vertex Ventures Southeast Asia and India in August 2025. Peak XV Partners’ Surge and 3one4 Capital also participated.
Elivaas is expanding beyond individual holiday homes into villas and apartment complexes, allowing it to add hundreds of units through a single developer or homeowner partnership rather than acquiring properties one at a time. The company, officially Ishanee Villas Tech Pvt. Ltd, reported revenue of ₹ 110 crore in FY26 and expects revenue to more than double again to over ₹ 230 crore in FY27.
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“Most second-home owners are struggling to maintain and monetize properties when they are not using them. The Real Estate Regulatory Authority (RERA) has 600,000 units. We are identifying a huge pool of this newly constructed inventory that could potentially be managed as holiday-home stock,” founder and chief executive Ritwik Khare told Mint.
The company is not yet profitable but expects to break even around the same time next year. Its longer-term target is 6,500 villas and apartments under management and ₹ 3,000 crore in top line by FY32. Elivaas is also evaluating international markets, including Dubai and Sri Lanka.
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