Ritwik Khare
Founder
About Ritwik
Ritwik Khare is a hospitality entrepreneur and commercial growth leader with over 24 years of experience spanning vacation rentals, online travel, hospitality, business strategy, and revenue growth. As the Founder of ELIVAAS, a PEAK XV, 3one4 Capital, and Vertex Ventures-backed luxury vacation rental platform, he is transforming the way second-home owners monetize their properties while delivering premium stay experiences to travelers. Ritwik specializes in scaling hospitality businesses, building high-performing commercial organizations, optimizing revenue strategies, and driving business expansion through technology, operational excellence, and customer-centric innovation.
Professional Experience
Ritwik's career spans every stage of the hospitality and travel ecosystem, giving him deep expertise in business scaling, commercial strategy, revenue management, and operational leadership. He began his career in financial services with Citibank and AEGON Religare before transitioning into the travel industry, where he spent over eight years at MakeMyTrip leading international hotels, global key accounts, revenue, supply, product, and P&L across India, Southeast Asia, and the GCC region. He later served as Chief Commercial Officer and Chief Operating Officer at LEAD School, driving business growth and expansion before founding ELIVAAS. Today, he leads one of India's fastest-growing luxury villa management and vacation rental platforms, helping homeowners maximize returns while redefining premium holiday experiences.
Key Achievements
Founder of ELIVAAS, a luxury vacation rental platform backed by PEAK XV Partners, 3one4 Capital, and Vertex Ventures, focused on premium villa management and vacation experiences.
Former Chief Operating Officer – GCC Business, International Hotels & Global Key Accounts at MakeMyTrip, leading revenue, supply, product, and P&L across international hotel businesses.
Successfully launched MakeMyTrip's GCC operations, establishing business presence across the UAE and other Gulf markets.
Established MakeMyTrip's international hotel supply operations across Dubai, Bangkok, Bali, Singapore, Kuala Lumpur, and Hong Kong.
Led the expansion of MakeMyTrip's international hotels, villas, and apartments business while significantly increasing market share.
Spearheaded the launch of MakeMyTrip Value Plus, strengthening the company's budget hotel portfolio.
Former Chief Commercial Officer and Chief Operating Officer at LEAD School, leading sales, growth, account management, expansion strategy, and business P&L.
Successfully established India's first distribution alliances across multiple sectors during his leadership at AEGON Religare Life Insurance and received the Standout Leader Award.
Gold Medalist in MBA from the Faculty of Management Studies (FMS), University of Delhi, and holds a Bachelor of Commerce (Honours) from Shri Ram College of Commerce (SRCC).
Ritwik is uniquely positioned to guide hospitality professionals because his career has been built around scaling hospitality businesses, expanding hotel distribution networks, optimizing revenue, and creating high-growth commercial organizations. Having led hotel supply, international expansion, revenue management, strategic partnerships, and P&L across one of India's largest OTAs before building his own hospitality technology platform, he understands the operational and commercial challenges faced by independent hotels and villa operators. His practical experience enables hoteliers, revenue managers, and hospitality entrepreneurs to improve pricing strategies, strengthen distribution channels, grow direct demand, and deliver exceptional guest experiences while building profitable, scalable businesses.