Elivaas seeks funding to double villa count to 1,200

Elivaas, an Indian holiday home operator, is preparing a new fundraising round and aims to expand its portfolio to 1,200 villas by the end of the year. The company told investors it expects to double its existing villa count in that timeframe.

The push comes as demand for professionally managed second-home rentals rises in India. Elivaas partners with property owners to run their villas as vacation rentals, handling booking, housekeeping, and guest services. The model targets owners who want rental income without day-to-day management.

India's second-home market has grown since the pandemic, with more buyers looking for weekend getaways and staycation properties. Supply of well-run vacation rentals has lagged that demand, creating room for operators like Elivaas.

The company will use the new capital to expand its technology platform and increase its on-ground operations teams across key leisure destinations. It currently operates in markets such as Goa, Coorg, and Rishikesh. Elivaas did not disclose the size of the fundraise or the investors involved.

Elivaas joins a small group of organised vacation rental operators in India. Most short-term holiday home rentals in the country remain fragmented, run by individual owners or small local agencies. Raising institutional capital gives Elivaas a cost advantage in marketing and property management software.

Rival operators such as SaffronStays and Vista Rooms have also raised venture funding in recent years, signalling investor appetite for the sector. Both companies target high-net-worth travellers seeking exclusive properties managed to a consistent standard.

The company expects to close the funding round by the end of the current quarter, the source said. No further details on terms or lead investors were provided.