Elevar Equity

FinX is an Indian provider of integrated collaborative certification.

Niro is a fintech startup focused on embedding personal credit products into prominent consumer internet platforms. By providing a financial platform that includes an application programming interface, Niro allows these platforms to integrate tailored credit offerings that enhance user engagement and generate substantial revenue. The company aims to transform the consumer lending landscape in India, targeting the 624 million internet users by democratizing access to convenient and hassle-free embedded credit solutions. Through its innovative approach, Niro seeks to empower internet brands to offer personalized credit products, fostering growth and accessibility in the financial services sector.

Niro is a fintech startup focused on embedding personal credit products into prominent consumer internet platforms. By providing a financial platform that includes an application programming interface, Niro allows these platforms to integrate tailored credit offerings that enhance user engagement and generate substantial revenue. The company aims to transform the consumer lending landscape in India, targeting the 624 million internet users by democratizing access to convenient and hassle-free embedded credit solutions. Through its innovative approach, Niro seeks to empower internet brands to offer personalized credit products, fostering growth and accessibility in the financial services sector.

Bike Bazaar is a two-wheeler life cycle company based in Pune, Maharashtra, India, established in 2017. It offers a comprehensive range of services for buying, selling, and exchanging two-wheelers, as well as financing options for new and pre-owned vehicles. The company focuses on providing affordable solutions and a hassle-free experience throughout the two-wheeler lifecycle. Its financing services utilize proprietary underwriting tools to facilitate quick loan approvals with minimal documentation, allowing customers to secure loans within a day at manageable monthly installments. Additionally, Bike Bazaar promotes access to eco-friendly bikes and provides insurance services, creating a transparent marketplace for pre-owned two-wheelers.

SarvaGram Fincare Private Limited is a fintech startup based in Mumbai, India, that provides financial services to individuals and small enterprises in rural and semi-urban areas. Founded in 2018, the company offers a range of loan products, including gold loans, consumer durable loans, farm loans, and business loans. By leveraging a data science-enabled platform, SarvaGram assesses the financial potential of rural households, treating them as cohesive economic units. The company's approach incorporates a comprehensive understanding of household cash flows, balance sheets, and various income streams. In addition to credit services, SarvaGram facilitates access to productivity-enhancing tools and risk management solutions, thereby supporting livelihood upgrades for underserved communities and enabling small to medium businesses to secure necessary financing.

Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.

Niro is a fintech startup focused on embedding personal credit products into prominent consumer internet platforms. By providing a financial platform that includes an application programming interface, Niro allows these platforms to integrate tailored credit offerings that enhance user engagement and generate substantial revenue. The company aims to transform the consumer lending landscape in India, targeting the 624 million internet users by democratizing access to convenient and hassle-free embedded credit solutions. Through its innovative approach, Niro seeks to empower internet brands to offer personalized credit products, fostering growth and accessibility in the financial services sector.

SarvaGram Fincare Private Limited is a fintech startup based in Mumbai, India, that provides financial services to individuals and small enterprises in rural and semi-urban areas. Founded in 2018, the company offers a range of loan products, including gold loans, consumer durable loans, farm loans, and business loans. By leveraging a data science-enabled platform, SarvaGram assesses the financial potential of rural households, treating them as cohesive economic units. The company's approach incorporates a comprehensive understanding of household cash flows, balance sheets, and various income streams. In addition to credit services, SarvaGram facilitates access to productivity-enhancing tools and risk management solutions, thereby supporting livelihood upgrades for underserved communities and enabling small to medium businesses to secure necessary financing.

Bike Bazaar is a two-wheeler life cycle company based in Pune, Maharashtra, India, established in 2017. It offers a comprehensive range of services for buying, selling, and exchanging two-wheelers, as well as financing options for new and pre-owned vehicles. The company focuses on providing affordable solutions and a hassle-free experience throughout the two-wheeler lifecycle. Its financing services utilize proprietary underwriting tools to facilitate quick loan approvals with minimal documentation, allowing customers to secure loans within a day at manageable monthly installments. Additionally, Bike Bazaar promotes access to eco-friendly bikes and provides insurance services, creating a transparent marketplace for pre-owned two-wheelers.

Kamatan Farm Tech Pvt Ltd is an agricultural technology company based in New Delhi, India, that focuses on building efficient supply chains for fresh produce. Founded in 2017, the company aims to address the needs of farmers and buyers by linking them through a transparent and value-driven approach. Kamatan Farm Tech works directly with farmers and farmer producer organizations to source a comprehensive range of farm produce. It provides support in implementing best practices for production, harvesting, packaging, and transportation, ensuring that farmers receive better value for their produce compared to traditional supply chains. The company utilizes a technology platform to streamline operations and offers customized supply models for buyers, while also providing weather information and resource management tools to help farmers optimize their operations. With a commitment to reducing waste and inefficiencies, Kamatan Farm Tech connects quality produce with large agricultural enterprises and modern trade retailers across the nation.

CreditMantri is a digital credit services management platform based in India that focuses on helping consumers understand and improve their credit health. The platform creates an individual credit profile by integrating data from institutional sources, such as credit history and scores from credit bureaus, as well as alternate data sources. Based on this comprehensive credit profile, CreditMantri guides users towards the most suitable financial products, including loans and credit cards, and offers credit improvement services. Additionally, CreditMantri provides lender-specific services, including a marketplace for credit products, solutions for lenders to facilitate instant credit decisions for new users, and verification services. The company collaborates with over 55 lenders to enhance the credit experience for both consumers and financial institutions.

SarvaGram Fincare Private Limited is a fintech startup based in Mumbai, India, that provides financial services to individuals and small enterprises in rural and semi-urban areas. Founded in 2018, the company offers a range of loan products, including gold loans, consumer durable loans, farm loans, and business loans. By leveraging a data science-enabled platform, SarvaGram assesses the financial potential of rural households, treating them as cohesive economic units. The company's approach incorporates a comprehensive understanding of household cash flows, balance sheets, and various income streams. In addition to credit services, SarvaGram facilitates access to productivity-enhancing tools and risk management solutions, thereby supporting livelihood upgrades for underserved communities and enabling small to medium businesses to secure necessary financing.

Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.

Kamatan Farm Tech Pvt Ltd is an agricultural technology company based in New Delhi, India, that focuses on building efficient supply chains for fresh produce. Founded in 2017, the company aims to address the needs of farmers and buyers by linking them through a transparent and value-driven approach. Kamatan Farm Tech works directly with farmers and farmer producer organizations to source a comprehensive range of farm produce. It provides support in implementing best practices for production, harvesting, packaging, and transportation, ensuring that farmers receive better value for their produce compared to traditional supply chains. The company utilizes a technology platform to streamline operations and offers customized supply models for buyers, while also providing weather information and resource management tools to help farmers optimize their operations. With a commitment to reducing waste and inefficiencies, Kamatan Farm Tech connects quality produce with large agricultural enterprises and modern trade retailers across the nation.

Varthana is a financial services company focused on enhancing private education in India by providing tailored financial solutions to low-cost private schools. It partners with education entrepreneurs dedicated to improving access to high-quality education in low-income communities. Varthana offers both secured and unsecured loans designed for various projects, including infrastructure renovations, library and playground additions, laboratory upgrades, smart classroom technology, teacher training programs, and transportation services like school buses. Through its support, Varthana aims to empower private schools to better serve students from economically disadvantaged backgrounds, thereby contributing to the overall improvement of educational facilities in the region.

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 aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.

CreditMantri is a digital credit services management platform based in India that focuses on helping consumers understand and improve their credit health. The platform creates an individual credit profile by integrating data from institutional sources, such as credit history and scores from credit bureaus, as well as alternate data sources. Based on this comprehensive credit profile, CreditMantri guides users towards the most suitable financial products, including loans and credit cards, and offers credit improvement services. Additionally, CreditMantri provides lender-specific services, including a marketplace for credit products, solutions for lenders to facilitate instant credit decisions for new users, and verification services. The company collaborates with over 55 lenders to enhance the credit experience for both consumers and financial institutions.

Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.

Agritech startups Sabziwala and LivLush (earlier known as GreenAgTech) have merged the businesses under a new entity Kamatan. The rationale to create the entity was to bring together their strengths in farmer connect and supply-chain technology to ensure better pricing for farmers and to reduce wastage. Kamatan’s focus will be to empower farmers with meaningful price data aimed at significantly improving their income levels. LivLush (formerly GreenAgTech) was working on building efficiency in the supply chain for Fruits & Vegetables in India and bringing value to the supplier, the farmer, and the consumer. The current supply chain has multi-hop intermediary network which compromises the quality of produce reaching the end consumer. Due to the number of intermediaries, a lot of value gets eroded due to pilferage and unnecessary margin seekers in the supply chain. We go direct to the farmer for Fruits and Vegetables including first level aggregators and deliver the produce to B2B customers the HoReCa (Hotels Restaurants Cafes), Organized Retail Chains and Wholesalers. Having built out an efficient supply chain we are now expanding to various geographies across India.

Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.

CreditMantri is a digital credit services management platform based in India that focuses on helping consumers understand and improve their credit health. The platform creates an individual credit profile by integrating data from institutional sources, such as credit history and scores from credit bureaus, as well as alternate data sources. Based on this comprehensive credit profile, CreditMantri guides users towards the most suitable financial products, including loans and credit cards, and offers credit improvement services. Additionally, CreditMantri provides lender-specific services, including a marketplace for credit products, solutions for lenders to facilitate instant credit decisions for new users, and verification services. The company collaborates with over 55 lenders to enhance the credit experience for both consumers and financial institutions.

Ujjivan Small Finance Bank Limited is a banking institution in India that focuses on serving financially unserved and underserved segments, with a commitment to enhancing financial inclusion. Established in 2016 and headquartered in Bengaluru, the bank operates through Treasury, Retail Banking, and Corporate/Wholesale Banking segments. It offers a wide range of banking products, including savings and current accounts, various deposit schemes, and an extensive suite of loan products. These loans cater to diverse needs, such as group loans for business, education, and agriculture, individual loans, housing loans, and loans for micro and small enterprises. The bank also provides mobile, phone, and online banking services, along with debit cards and various insurance products. As of March 31, 2020, Ujjivan operated 575 banking outlets and 475 ATMs across India. It is a subsidiary of Ujjivan Financial Services Limited, which began as a non-banking financial company in 2005, dedicated to serving the economically active poor.

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 aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.

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 aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.

Glocal Healthcare is focused on improving healthcare delivery, particularly in rural areas of India, by utilizing a technology-enabled platform. The company operates a network of hospitals that offer a range of services, including outpatient and inpatient care, emergency services, and obstetric treatment, alongside digital dispensaries and telemedicine options. Glocal’s approach makes healthcare more affordable, accessible, and accountable, even in regions where traditional healthcare providers face challenges. It has developed two mobile applications, hellolyf and hellolyf Dr, which facilitate healthcare access for patients. With 250 telemedicine and IoT-based digital clinics, as well as ten hospitals, Glocal Healthcare aims to enhance the speed and effectiveness of treatment, ensuring better health outcomes for communities in need.

Ujjivan Small Finance Bank Limited is a banking institution in India that focuses on serving financially unserved and underserved segments, with a commitment to enhancing financial inclusion. Established in 2016 and headquartered in Bengaluru, the bank operates through Treasury, Retail Banking, and Corporate/Wholesale Banking segments. It offers a wide range of banking products, including savings and current accounts, various deposit schemes, and an extensive suite of loan products. These loans cater to diverse needs, such as group loans for business, education, and agriculture, individual loans, housing loans, and loans for micro and small enterprises. The bank also provides mobile, phone, and online banking services, along with debit cards and various insurance products. As of March 31, 2020, Ujjivan operated 575 banking outlets and 475 ATMs across India. It is a subsidiary of Ujjivan Financial Services Limited, which began as a non-banking financial company in 2005, dedicated to serving the economically active poor.

Glocal Healthcare is focused on improving healthcare delivery, particularly in rural areas of India, by utilizing a technology-enabled platform. The company operates a network of hospitals that offer a range of services, including outpatient and inpatient care, emergency services, and obstetric treatment, alongside digital dispensaries and telemedicine options. Glocal’s approach makes healthcare more affordable, accessible, and accountable, even in regions where traditional healthcare providers face challenges. It has developed two mobile applications, hellolyf and hellolyf Dr, which facilitate healthcare access for patients. With 250 telemedicine and IoT-based digital clinics, as well as ten hospitals, Glocal Healthcare aims to enhance the speed and effectiveness of treatment, ensuring better health outcomes for communities in need.

Ujjivan Small Finance Bank Limited is a banking institution in India that focuses on serving financially unserved and underserved segments, with a commitment to enhancing financial inclusion. Established in 2016 and headquartered in Bengaluru, the bank operates through Treasury, Retail Banking, and Corporate/Wholesale Banking segments. It offers a wide range of banking products, including savings and current accounts, various deposit schemes, and an extensive suite of loan products. These loans cater to diverse needs, such as group loans for business, education, and agriculture, individual loans, housing loans, and loans for micro and small enterprises. The bank also provides mobile, phone, and online banking services, along with debit cards and various insurance products. As of March 31, 2020, Ujjivan operated 575 banking outlets and 475 ATMs across India. It is a subsidiary of Ujjivan Financial Services Limited, which began as a non-banking financial company in 2005, dedicated to serving the economically active poor.

Comat is a company dedicated to improving access to information-based services for citizens in rural India. Established in 1996, it combines business profitability with social welfare, focusing on the economic development of underserved markets. Comat provides essential services such as employability training, job creation, financial inclusion, and access to government services. By accurately assessing the needs of the rural population, the company has built a network of Rural Business Centers to deliver these services effectively. Additionally, Comat offers business consulting and technology integration solutions aimed at enhancing operational efficiency for government, public, and private sectors. Through its comprehensive approach, Comat plays a significant role in empowering rural communities and fostering economic growth.

Bharat Financial Inclusion Limited, formerly known as SKS Microfinance Limited, is a non-banking financial company specializing in microfinance services primarily for women in rural India. Established in 1997 and headquartered in Hyderabad, the company focuses on providing small loans to self-employed women organized in Joint Liability Groups. These loans support various business activities such as livestock raising, local retail, and tailoring, as well as the purchase of essential items like mobile phones, bicycles, and solar lamps. In addition to microcredit, Bharat Financial Inclusion also offers life insurance products to its members. As of March 31, 2018, the company operated 1,567 branches across India, facilitating access to financial services for low-income individuals who typically lack options from traditional financial institutions. The acquisition by IndusInd Bank in 2019 further strengthened its position in the microfinance sector.