Karan Miglani (Elivaas)
Overview
Karan Miglani is an influential entrepreneur and co-founder of ELIVAAS, a luxury vacation rental platform. Established in 2023 alongside Ritwik Khare, ELIVAAS specializes in managing and renting luxury villas and premium apartments across various high-demand holiday destinations in India. Miglani, who brings substantial experience from his former role as Global Product Head at Tripadvisor, has significantly contributed to the platform's growth and differentiation in the burgeoning luxury travel market.
Recent Developments
- August 2025: ELIVAAS raised Rs 87 crore (approximately $10.4 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. This development indicates the company's commitment to expanding its market presence and enhancing its technological capabilities.
- April 2025: ELIVAAS had an impressive five-fold increase in revenue for FY 2024-25 compared to the previous year. The company continues to solidify its market position through strategic market penetration and operational enhancements.
- September 2024: The company secured $5 million in a Series A funding round, led by 3one4 Capital, with participation from Peak XV's Surge and several angel investors. The funding aimed to enhance its technological platform and expand its market reach.
- March 2024: ELIVAAS successfully expanded its portfolio, managing over 140 properties across India, thereby reinforcing its stance as a formidable player in the luxury vacation rental market.
- July 2025: Reports highlighted ELIVAAS's plans to expand its operations internationally, including markets such as Southeast Asia.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Karan Miglani |
| Born | Not publicly available |
| Nationality | Indian |
| Occupation | Co-founder and Chief Product Officer at ELIVAAS |
| Known For | Co-founding ELIVAAS |
| Net Worth | Not publicly available |
| Education | MBA from S.P. Jain Institute of Management & Research, B.Tech from Bharati Vidyapeeth's College of Engineering |
Early Life and Education
Karan Miglani hails from a background rich in technical and management education, having completed his Bachelor of Technology (B.Tech) in Engineering from Bharati Vidyapeeth’s College of Engineering in New Delhi. His pursuit of further excellence led him to achieve a Master of Business Administration (MBA) from S.P. Jain Institute of Management & Research in Mumbai. This robust educational foundation has been pivotal in his professional achievements, equipping him with critical strategic and operational skills.
Career and Notable Achievements
Karan Miglani's career commenced in the informative technology domain where he excelled in roles involving network engineering and information management. His tenure at renowned companies like Tripadvisor as Global Product Head for Vacation Rentals, Flights & Cars, and VRBO (part of the Expedia Group) enabled him to sharpen his expertise in the travel and hospitality sectors.
- 2014-2017: He played a critical role in the core Hotels product team at MakeMyTrip.
- 2021-2023: He led product initiatives for global vacation rentals at Tripadvisor, which laid the groundwork for launching ELIVAAS.
- 2023-Present: As Co-Founder and CPO of ELIVAAS, Miglani has driven the company's vision to revolutionize luxury vacation rentals, leading to rapid growth and market expansion.
Current Work and Impact
As of 2025, Karan Miglani continues to helm ELIVAAS as Co-Founder and Chief Product Officer. Under his leadership, the company has redefined luxury travel experiences, bridging the gap between technology and hospitality. His focus remains on leveraging innovation to enhance guest experiences and streamline property management operations. ELIVAAS's commitment to sustainable growth and excellence under Miglani's guidance has made it one of India's leading players in the luxury vacation rental space.
Elivaas Funding
ELIVAAS has seen significant milestones in securing funding that underscores its potential and growth trajectory:
- Series A: Secured $5 million in September 2024, led by 3one4 Capital.
- Series B: Raised approximately $10.4 million in August 2025, led by Vertex Ventures Southeast Asia & India, with continued support from existing investors.
- These funding rounds are geared towards enhancing technological infrastructure, expanding market presence, and potentially increasing international operations.
Ritwik Khare
Ritwik Khare is a key figure in the founding of ELIVAAS, serving as its CEO. Together with Karan Miglani, Khare has positioned the company to capitalize on the premium vacation rental market. His expertise, primarily drawn from his experiences at MakeMyTrip and other leadership roles in the travel sector, has been instrumental in driving ELIVAAS’s growth and strategic direction.
Conclusion
Karan Miglani stands as a visionary in the luxury vacation rental industry, with ELIVAAS reflecting his innovative spirit and commitment to excellence. His strategic approach to blending technology and hospitality not only sets new standards in the industry but also positions ELIVAAS for sustained growth and expansion into international markets. As the company continues to evolve, Miglani’s influence will likely remain a significant driving force in its continued success and impact on the luxury travel landscape.