Elevar Equity
Elevar Equity is a private equity and venture capital firm that provides early-stage and growth capital to high-potential, impact-focused companies. It concentrates on businesses that serve low-income customers in emerging markets, including financial services, education, healthcare, housing, agriculture, and MSMEs, with a particular emphasis on scalable, affordable distribution models for the base of the pyramid. The firm supports a range of sectors, notably fintech, education and employability, market linkages, and housing, aiming to deliver both meaningful social impact and financial returns. Elevar typically takes minority or majority stakes and pursues long-term partnerships with entrepreneurs. Founded in 2006 and headquartered in Seattle, it operates additional offices in San Francisco, Bangalore, Ebene, Bogota, and Mexico City, reflecting a multi-regional footprint across India, Latin America, and Southeast Asia. Its investment approach centers on human-centered solutions that connect underserved customers to essential products and services, with a focus on sustainable growth and measurable impact.
Top Sectors
https://crunchbase.com/organization/***
https://linkedin.com/company/***
https://signal.nfx.com/firms/***
Past deals in South Asia
FinX
Seed Round in 2024
FinX is an Indian company that specializes in providing integrated collaborative certification services. The firm focuses on streamlining the certification process through innovative approaches, fostering collaboration among various stakeholders in the certification ecosystem. By leveraging technology and collaboration, FinX aims to enhance the efficiency and effectiveness of certification, catering to a diverse range of industries and sectors.
Niro
Series B in 2024
Niro is a fintech startup focused on integrating personal credit products into prominent consumer internet platforms. By providing an application programming interface, Niro enables these platforms to offer tailored credit solutions that enhance user engagement and generate additional revenue. The company aims to transform the consumer lending landscape in India, seeking to democratize access to convenient and streamlined embedded credit options for the country's vast population of internet users. Through its innovative approach, Niro strives to create significant value for both consumer internet brands and their end users.
Niro
Series A in 2023
Niro is a fintech startup focused on integrating personal credit products into prominent consumer internet platforms. By providing an application programming interface, Niro enables these platforms to offer tailored credit solutions that enhance user engagement and generate additional revenue. The company aims to transform the consumer lending landscape in India, seeking to democratize access to convenient and streamlined embedded credit options for the country's vast population of internet users. Through its innovative approach, Niro strives to create significant value for both consumer internet brands and their end users.
Bike Bazaar
Series D in 2022
Bike Bazaar provides a platform to buy, sell, and exchange two-wheelers and offers financing for new and pre-owned bikes, insurance, and access to eco-friendly options, all via a transparent marketplace for preowned two-wheelers. Founded in 2017 and based in Pune, India.
Indifi Technologies
Series D in 2021
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
Niro
Seed Round in 2021
Niro is a fintech startup focused on integrating personal credit products into prominent consumer internet platforms. By providing an application programming interface, Niro enables these platforms to offer tailored credit solutions that enhance user engagement and generate additional revenue. The company aims to transform the consumer lending landscape in India, seeking to democratize access to convenient and streamlined embedded credit options for the country's vast population of internet users. Through its innovative approach, Niro strives to create significant value for both consumer internet brands and their end users.
Bike Bazaar
Series C in 2020
Bike Bazaar provides a platform to buy, sell, and exchange two-wheelers and offers financing for new and pre-owned bikes, insurance, and access to eco-friendly options, all via a transparent marketplace for preowned two-wheelers. Founded in 2017 and based in Pune, India.
LEAD
Series C in 2020
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides comprehensive educational services through an integrated Edtech platform. The company aims to enhance learning for every child by leveraging technology to empower teachers. Its platform offers detailed lesson plans, audio-visual resources, and curriculum materials, facilitating collaboration among teachers, parents, and schools to achieve educational excellence. Additionally, LEAD School provides teacher training programs and a school management system, which collectively improve learning efficiency and promote standardized curricula, contributing to professional development in the education sector.
CreditMantri
Venture Round in 2020
CreditMantri is an Indian digital platform that helps users manage their credit health. It provides personalized credit reports, tracks payment activities, offers credit improvement services, and facilitates loan applications based on individual credit profiles.
LEAD
Series B in 2019
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides comprehensive educational services through an integrated Edtech platform. The company aims to enhance learning for every child by leveraging technology to empower teachers. Its platform offers detailed lesson plans, audio-visual resources, and curriculum materials, facilitating collaboration among teachers, parents, and schools to achieve educational excellence. Additionally, LEAD School provides teacher training programs and a school management system, which collectively improve learning efficiency and promote standardized curricula, contributing to professional development in the education sector.
Indifi Technologies
Series C in 2019
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
The Better India
Series A in 2019
The Better India Pvt Ltd. is an online news platform based in Bengaluru, India, founded in 2008. The company focuses on publishing and sharing uplifting stories and news about unsung heroes, change-makers, innovations, education, women's empowerment, travel, history, arts and culture, and social development. It aims to highlight positive narratives and incremental progress within society, bringing attention to inspirational feats and motivational individuals. In addition to its articles, The Better India offers email newsletters for corporates and a weekly digest that features a range of topics including lesser-known travel destinations and the spirit of doing good. Through its platform, the company seeks to showcase stories that reflect the positive developments in the social and economic landscape of India.
Varthana
Series C in 2018
Varthana is a financial services company that partners with committed education entrepreneurs to enhance access to quality education for underprivileged communities. It offers tailored loans for infrastructure development, teacher training programs, and other educational initiatives in low-cost private schools.
Shubham Housing Development Finance Company
Series D in 2018
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.
LEAD
Series A in 2017
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides comprehensive educational services through an integrated Edtech platform. The company aims to enhance learning for every child by leveraging technology to empower teachers. Its platform offers detailed lesson plans, audio-visual resources, and curriculum materials, facilitating collaboration among teachers, parents, and schools to achieve educational excellence. Additionally, LEAD School provides teacher training programs and a school management system, which collectively improve learning efficiency and promote standardized curricula, contributing to professional development in the education sector.
CreditMantri
Series B in 2017
CreditMantri is an Indian digital platform that helps users manage their credit health. It provides personalized credit reports, tracks payment activities, offers credit improvement services, and facilitates loan applications based on individual credit profiles.
Indifi Technologies
Series B in 2016
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
LivLush
Series A in 2016
LivLush, previously known as GreenAgTech, is an agritech company that specializes in optimizing the supply chain for fruits and vegetables in India. By directly connecting farmers with businesses in the hospitality and retail sectors, such as hotels, restaurants, cafes, and organized retail chains, LivLush aims to minimize the number of intermediaries involved in the distribution process. This direct approach not only enhances the quality of produce reaching consumers but also helps farmers receive fair prices for their products, thereby improving their income levels. The company operates a supply chain platform that efficiently delivers agricultural commodities shortly after harvesting, reducing wastage and ensuring that both suppliers and customers benefit from a streamlined process. With a focus on geographic expansion, LivLush is committed to enhancing the agricultural supply chain landscape in India.
Varthana
Series B in 2016
Varthana is a financial services company that partners with committed education entrepreneurs to enhance access to quality education for underprivileged communities. It offers tailored loans for infrastructure development, teacher training programs, and other educational initiatives in low-cost private schools.
Indifi Technologies
Seed Round in 2015
Indifi Technologies is an Indian digital lending platform that connects small businesses with multiple lenders to secure debt financing. The platform employs automated data collection and analysis to assess creditworthiness, drawing insights from diverse data sources and industry context to identify low-risk, high-promise borrowers. By presenting loan options from a network of lenders, Indifi helps businesses obtain financing without collateral and supports lenders with lifecycle services such as marketing, CRM, loan monitoring, and payment management. The platform serves sectors including e-commerce, travel, hospitality, retail, and trading, supporting growth for small enterprises.
CreditMantri
Series A in 2015
CreditMantri is an Indian digital platform that helps users manage their credit health. It provides personalized credit reports, tracks payment activities, offers credit improvement services, and facilitates loan applications based on individual credit profiles.
Ujjivan
Private Equity Round in 2015
Ujjivan Financial Services Limited, established in 2004, is a leading Indian financial services provider, headquartered in Bengaluru. It specializes in serving the economically active poor, offering a wide range of micro and rural finance products, housing, personal, vehicle, and institutional loans, along with group and individual insurance. As of 2020, it operated through 575 branches. In 2016, Ujjivan Small Finance Bank Limited was launched as a subsidiary, providing banking services including savings and loan products, mobile banking, debit cards, and insurance to unserved and underserved segments, with 575 banking outlets and 475 ATMs as of 2020. Both entities are committed to promoting financial inclusion in India.
Varthana
Series A in 2014
Varthana is a financial services company that partners with committed education entrepreneurs to enhance access to quality education for underprivileged communities. It offers tailored loans for infrastructure development, teacher training programs, and other educational initiatives in low-cost private schools.
Shubham Housing Development Finance Company
Series C in 2014
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.
Shubham Housing Development Finance Company
Series B in 2012
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.
Glocal Healthcare
Corporate Round in 2012
Glocal Healthcare is a company focused on transforming healthcare delivery through a technology-enabled platform that enhances accessibility and affordability, particularly in rural areas where traditional healthcare services are limited. It operates a network of hospitals that provide a range of services, including outpatient and inpatient care, emergency services, and obstetric care. Glocal also utilizes digital dispensaries and telemedicine, offering video consultations through its two applications, hellolyf and hellolyf Dr, available on Google Play. With 250 telemedicine and IoT-based digital clinics and 10 hospitals across India, Glocal Healthcare aims to ensure timely treatment and improve health outcomes for underserved populations.
Ujjivan
Venture Round in 2012
Ujjivan Financial Services Limited, established in 2004, is a leading Indian financial services provider, headquartered in Bengaluru. It specializes in serving the economically active poor, offering a wide range of micro and rural finance products, housing, personal, vehicle, and institutional loans, along with group and individual insurance. As of 2020, it operated through 575 branches. In 2016, Ujjivan Small Finance Bank Limited was launched as a subsidiary, providing banking services including savings and loan products, mobile banking, debit cards, and insurance to unserved and underserved segments, with 575 banking outlets and 475 ATMs as of 2020. Both entities are committed to promoting financial inclusion in India.
Glocal Healthcare
Seed Round in 2011
Glocal Healthcare is a company focused on transforming healthcare delivery through a technology-enabled platform that enhances accessibility and affordability, particularly in rural areas where traditional healthcare services are limited. It operates a network of hospitals that provide a range of services, including outpatient and inpatient care, emergency services, and obstetric care. Glocal also utilizes digital dispensaries and telemedicine, offering video consultations through its two applications, hellolyf and hellolyf Dr, available on Google Play. With 250 telemedicine and IoT-based digital clinics and 10 hospitals across India, Glocal Healthcare aims to ensure timely treatment and improve health outcomes for underserved populations.
Ujjivan
Venture Round in 2008
Ujjivan Financial Services Limited, established in 2004, is a leading Indian financial services provider, headquartered in Bengaluru. It specializes in serving the economically active poor, offering a wide range of micro and rural finance products, housing, personal, vehicle, and institutional loans, along with group and individual insurance. As of 2020, it operated through 575 branches. In 2016, Ujjivan Small Finance Bank Limited was launched as a subsidiary, providing banking services including savings and loan products, mobile banking, debit cards, and insurance to unserved and underserved segments, with 575 banking outlets and 475 ATMs as of 2020. Both entities are committed to promoting financial inclusion in India.
Comat
Series C in 2008
Comat, established in 1996, focuses on providing information-based services to citizens in rural India, merging profitability with social welfare. The company aims to foster economic development in underserved markets through a range of services, including employability training, job creation, financial inclusion, and access to essential government services. Comat has developed a leadership position by effectively identifying and addressing the needs of rural populations, delivering its services via a network of Rural Business Centers. Additionally, Comat offers business consulting, technology integration, and support services to enhance operational efficiency for government, public, and private sector clients.
Bharat Financial Inclusion
Series C in 2008
Bharat Financial Inclusion Limited is a non-banking financial company and microfinance institution headquartered in Hyderabad, India. Founded in 1997 and formerly known as SKS Microfinance Limited, the company specializes in providing microfinance services primarily to women in rural areas, who are organized into Joint Liability Groups. It offers a range of financial products, including income generation, mid-term, and long-term loans to support small business ventures such as livestock raising, retail operations, and tailoring. Additionally, Bharat Financial Inclusion provides loans for essential household items like cook-stoves, solar lights, bicycles, and sewing machines. The company also distributes life insurance products to its members. As of March 31, 2018, Bharat Financial Inclusion operated 1,567 branches across India, serving a demographic that typically lacks access to traditional banking services.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.