India, Aug. 12 -- Almost a year after raising $5 Mn in its Series A funding round, hospitality startup ELIVAAS has raised INR 87 Cr (around $10 Mn) in its Series B funding round led by Vertex Ventures.

The funding round also saw participation from existing investors, including Peak XV Partners' Surge and 3one4 Capital.

The Delhi NCR-based startup aims to deploy the fresh capital to expand its global footprint, enhance its tech stack by leveraging AI, and build its brand identity.

The startup, which is currently present in 32 cities across India, plans to foray into Southeast Asia with the new funding, its founder Ritwik Khare told Inc42.

Founded by former MakeMyTrip executives Khare and Karan Miglani in 2023, ELIVAAS is a luxury full-...