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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.

Luma Fertility raises $4 Mn led by Peak XVโ€™s Surge

EntrackrEntrackr ยท 11d ago
Luma Fertility raises $4 Mn led by Peak XVโ€™s Surge
Medial

Luma Fertility raises $4 Mn led by Peak XVโ€™s Surge Fertility-tech startup Luma Fertility has raised $4 million in seed funding led by Peak XVโ€™s Surge, with participation from Ameera Shah (Metropolis Healthcare) and Vijay Taparia (B2V Ventures). The proceeds will help Luma expand its footprint across Mumbai and scale to new cities over the next two years. Founded by Neha K. Motwani, Luma Fertility provides end-to-end fertility services including IVF, egg/embryo freezing, fertility assessments, and pre-conception care. Motwani had previously built fitness marketplace Fitternity which was acquired by Cult.fit (formerly Cure.fit) in February 2021. Luma has launched a 6,000 sq ft flagship tech-enabled clinic in Bandra, Mumbai. It also integrates holistic services such as nutrition, IV therapy, acupuncture, and at-home semen testing. The platform offers an IVF companion app, with tools for journey tracking, real-time reports, and LumaAI, a 24/7 assistant for cycle guidance and medication support. The clinic features an open lab design, transparency-first policies, and a dedicated care team for every patient. As per market research, Indiaโ€™s fertility rate is dipping below replacement (from 2.1 to 1.9), and IVF cycles are projected to grow from 320K in 2024 to 550K by 2028. Luma is also eyeing expansion into egg and embryo freezing services, catering to urban millennials and Gen Z consumers delaying parenthood.

DrinkPrime raises $3 Mn from SIDBI Ventures

EntrackrEntrackr ยท 1y ago
DrinkPrime raises $3 Mn from SIDBI Ventures
Medial

DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million from SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in July 2022. Prior to that, it raised around Rs 21 crore in its pre-series A round led by Peak XVโ€™s Surge in August 2021. Founded in 2016 by Vijender Reddy and Manas Ranjan Hota, DrinkPrime works towards enabling access to clean drinking water with Internet-of-Things (IoT)-enabled customised water purifiers on subscription to users. DrinkPrime currently provides clean drinking water access to over 2 lakh families across seven cities in India. With further expansion plans, DrinkPrime is also gearing up for its Series B fundraise. According to startup data intelligence platform, TheKredible, DrinkPrime reported an operating revenue of Rs 28.94 crore with a loss of Rs 27 crore in FY23. In the subscription model, DrinkPrime competes with Livpure, Acquaguard and ZunPure.

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