Proptech startup Elivaas raises $2.5 M led by Peak XV

Gurugram-based Elivaas, a tech-enabled villa and luxury apartment management company, has raised USD 2.5 million in seed funding led by Peak XV's Surge with participation from angel investors. The new funds will be used to establish a larger market presence across high-footfall cities in India and scaling its technology platform. Since its inception in January 2023, Elivaas has signed on more than 50 properties across Goa, Udaipur, Delhi NCR, and Kufri, and is claimed to have maintained more than half occupancy in their rental homes across seasons. The company is responsible for the upkeep and monitoring of rental properties for homeowners, while running loyalty and referral programs in tandem to incentivise bookings. Through partnerships, cross-promotions and its website, Elivaas also provides a suite of services that can help prospective renters to find accommodation best suited to their needs.