Ritwik Khare (Elivaas)
Overview
Ritwik Khare is a well-regarded figure in the Indian startup ecosystem, notable for his role as the CEO and founder of Elivaas, a tech-driven luxury vacation rental platform. Under his leadership, Elivaas has emerged as a leader in curating premium travel experiences, making waves in the luxury vacation rental industry. Prior to founding Elivaas, Ritwik held significant positions in major organizations such as MakeMyTrip, where he harnessed his skills in business development and hotel operations. As of 2025, Elivaas is recognized for its innovative approach in managing luxury villas and apartments, providing an unparalleled hospitality experience, leveraging state-of-the-art technology to meet the demands of modern travelers and property owners.
Recent Developments
- August 2025: Elivaas successfully raised INR 87 Crores (approximately $10.4 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India, with existing investors 3one4 Capital and Peak XV Partners’ Surge participating. This funding is earmarked for expanding the company's presence in high-demand leisure and business travel destinations, both domestically and internationally.
- April 2025: Elivaas launched the "Because She Deserves A Break Too" campaign for Mother’s Day, emphasizing luxury and relaxation for mothers via villa getaways.
- 2024-2025 Fiscal Year: Elivaas reported a fivefold increase in revenue due to its strategic expansions and increased property acquisitions.
- International Expansion Plans: The company aims to foray into Southeast Asian markets, including the UAE, Sri Lanka, Bangkok, and Bali, strengthening its global footprint.
- Partnerships and Innovations: Throughout 2024 and 2025, Elivaas focused on leveraging its technological platform to enhance customer experiences, launching initiatives that integrate AI for personalized guest interaction.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Ritwik Khare |
| Born | Not publicly disclosed |
| Nationality | Indian |
| Occupation | CEO and Founder of Elivaas |
| Known For | Entrepreneurial ventures, Elivaas |
| Net Worth | Not publicly disclosed |
| Education | MBA from Faculty of Management Studies, University of Delhi |
Early Life and Education
Ritwik Khare was born and raised in India, where he developed a keen interest in business and hospitality from a young age. He pursued higher education at the prestigious Shri Ram College Of Commerce, University of Delhi, followed by an MBA from the Faculty of Management Studies, University of Delhi. This educational foundation enabled him to excel in various leadership roles across multiple sectors, including finance and travel, setting the stage for his entrepreneurial pursuits.
Career and Notable Achievements
Ritwik Khare's career is marked by significant contributions to the travel and hospitality sectors:
- MakeMyTrip: Ritwik's tenure at MakeMyTrip was notable, where he spearheaded business development and hotel supply operations. His strategic initiatives were pivotal in expanding the company's international hotel business.
- Elivaas Founding: In 2023, Ritwik co-founded Elivaas alongside Karan Miglani. The startup quickly gained prominence in the luxury vacation rental market, praised for its tech-driven platform and customer-centric approach.
- Funding Milestones: Under Ritwik's leadership, Elivaas has successfully navigated multiple funding rounds, raising significant capital to bolster its growth and innovation efforts.
Current Work and Impact
As of 2025, Ritwik Khare continues to lead Elivaas as CEO, focusing on expanding the company's portfolio of managed properties and enhancing technological capabilities to offer superior vacation experiences. Elivaas is now recognized for its contribution to transforming the luxury vacation rental landscape, becoming a trusted brand for premium travel experiences in India and beyond.
Karan Miglani
Karan Miglani, co-founder of Elivaas, has worked alongside Ritwik Khare in steering the company towards success. With a background in travel and tourism, Karan played a crucial role in shaping the technology and operations that drive Elivaas's offerings today.
Elivaas Funding
Elivaas has attracted significant investment interest, securing substantial funds in multiple rounds. The latest Series B round in 2025 exemplifies investor confidence in the company's growth strategy and market potential, with contributions from renowned venture capital firms.
Conclusion
Ritwik Khare's leadership and vision have positioned Elivaas as a formidable player in luxury hospitality. With a focus on leveraging technology and expanding market reach, Khare is set to influence the future trajectory of vacation rentals. His entrepreneurial journey exemplifies the impact of strategic innovation in the hospitality sector, setting a benchmark for aspiring entrepreneurs.