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3one4 Capital leads $5 Mn round in ELIVAAS

EntrackrEntrackr ยท 9m ago
3one4 Capital leads $5 Mn round in ELIVAAS
Medial

Vacation home rentals platform ELIVAAS has raised $5 million in Series A funding round led by 3one4 Capital along with participation from Peak XVโ€™s Surge and other angel investors. The Gurugram-based company had previously raised $2.5 million back in November 2023. The fresh proceeds will be allocated towards enhancing its proprietary technology platform, expanding market presence, optimizing operations, and elevating the overall experience for homeowners and guests, ELIVAAS said in a press release. Co-founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS is a tech-driven business specializing in villa and luxury apartment management which aims to transform the premium vacation rental market in India. The platform combines technology with hospitality to offer curated, high-end vacation experiences. It claims to have a portfolio of over 140 properties across premier leisure destinations including Goa, Delhi NCR, Rajasthan, Maharashtra, Himachal Pradesh, and Uttarakhand. ELIVAASโ€™s homeowner app offers real-time insights into bookings, reviews, and property maintenance, while the HK app automates check-in SOPs and simplifies property management. For guests, the platform provides an intuitive interface with advanced features like immersive 3D property tours, AI-driven chatbots, and hassle-free payment options.

ELIVAAS in talks to raise Rs 100 Cr in new round

EntrackrEntrackr ยท 2m ago
ELIVAAS in talks to raise Rs 100 Cr in new round
Medial

Vacation home rentals platform ELIVAAS is in the process of raising $10-12 million, sources familiar with the matter told Entrackr. The new discussion comes just six months after it secured $5 million in its Series A round. โ€œELIVAAS is in late-stage talks with new and existing investors to raise new money at around Rs 500 crore valuation,โ€ said one of the sources requesting anonymity as talks are yet to be public. Sources emphasized that the talks have come on the back of ELIVAAS strong growth in revenue in the last fiscal year (FY25). Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS provides luxury villas and premium apartments across popular destinations such as Kasol, Goa, Udaipur, Nainital, Shimla, Rishikesh, and others on rent. The two-year-old firm closed FY25 with more than threefold year-on-year growth in both revenue and gross booking value,โ€ said another source who wished to remain anonymous. โ€œCurrently, the deal terms are under discussion, with a new investor likely to lead the round.โ€ To be sure, the terms of the deal may still change at the last minute. Queries sent to ELIVAAS co-founder didnโ€™t elicit any immediate response, while Peak XV has declined to offer comment on the story. ELIVAAS has raised $7.5 million to date, including a $5 million Series A led by 3one4 Capital with participation from Peak XV. Its $2.5 million seed round was led by Peak XVโ€™s Surge, with backing from angel investors such as Kunal Shah, Mohit Gupta, Amit Lakhotia, Naveen Kukreja, and others. ELIVAAS has yet to disclose its FY25 numbers. However, as per startup data platform TheKredible, the company recorded a revenue of Rs 7 crore and a loss of Rs 10.4 crore for the fiscal year ended March 2024.

Lifetime Health raises $1.5 Mn in seed round

EntrackrEntrackr ยท 11m ago
Lifetime Health raises $1.5 Mn in seed round
Medial

Lifetime Health, a digital platform for at-home care, has secured $1.5 million in a seed round led by US-based venture capital firm The Garage Syndicate along with participation from other angel investors. The company had previously raised $900,000 in its last round from an existing investor. The fresh proceeds will be deployed towards further development, Lifetime Health said in a press release. Co-founded in 2023 by Konstantin Riabtsev, Michail Vorobiev and Nabil Ahmed, Lifetime Health is a digital platform for hospital-at-home care providing phlebotomy services, diagnostic tools, medical devices, nursing care, physiotherapy, and postoperative care all in one app. Its automated platform ensures fast, high-quality, and affordable service, from the clientโ€™s order to the nurseโ€™s departure and results processing. Lifetime Health is currently operating in Bengaluru and its partner network includes 200 local clinics. It aims to reach major Indian cities and connect over 10,000 medical offices nationwide. intends to enable medical service orders at home for residents across Bangalore and its suburbs, and expand to Mumbai. The platform expects to have 1,000 doctors registered on the platform, with at least 300 of them becoming active users who can schedule appointments online, make appointments and recommendations, and maintain patient histories in digital format. The other startups in this space are Caresathome, CASAMED, Muse Diagnostic, Care24-India, and others.

Tenant experience platform, Aeria, raises $1.8 mn pre-seed round Led by Kalaari, Foundamental

ThehindubusinesslineThehindubusinessline ยท 1y ago
Tenant experience platform, Aeria, raises $1.8 mn pre-seed round Led by Kalaari, Foundamental
Medial

Singapore-based tenant experience and asset management platform, Aeria, has secured $1.8m in pre-seed funding to expand its presence in Southeast Asia, the Middle East, and other Asian countries. Aeria aims to transform office buildings into an experience by utilising technology and AI. The platform offers a range of solutions, including access and parking management, visitor management, complaint resolution, and community management. Aeria's analytics suite also helps developers and asset managers improve financial performance through data-driven decision-making. The funding reflects the growing demand for proptech solutions in the real estate sector.

OYO launches European holiday brand DanCenter in India

EntrackrEntrackr ยท 4m ago
OYO launches European holiday brand DanCenter in India
Medial

Oravel, the parent company of hospitality firm OYO, has launched its European holiday home brand, DanCenter, in the Indian market. Known for its vacation home management across Europe, DanCenter's debut in India began with luxurious villas in Siolim, North Goa. Dancenter was acquired by OYO Vacation Homes in 2019. Since then, the company has expanded its presence in Europe significantly. Founded in Denmark in 1957, DanCenter has over six decades of expertise in the holiday home rental industry, managing a diverse portfolio of 12,000 properties across Denmark, Sweden, Norway, and Germany. The new 3BHK villas in Siolim, North Goa, offer a private and comfortable stay with services like a chef on call, housekeeping, booking assistance, local activities, mixology lessons, and BBQ on request. The brand is committed to launching only newly constructed properties in India, ensuring a premium experience for its guests.

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