Elevar Equity is a venture capital firm that invests early growth capital in businesses serving underserved customers and low-income communities in emerging markets, primarily India and Latin America. The firm focuses on sectors including financial services, healthcare, education, and agriculture.
31% of their portfolio is in Fintech. Average disclosed round size is $25.8M (across 33 rounds with reported amounts).
Portfolio
21
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
35 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 CureBay | Series B | $21M | Jan 2025 |
 Nia.one | Seed | $2.4M | Jan 2025 |
 SarvaGram | Series D | $67M | Nov 2024 |
 TapFin | Seed | $4M | Mar 2024 |
| SarvaGram | Series D | $67M | Jan 2024 |
 Cloudphysician | Unknown | $10.5M | Jan 2024 |
 Wheelocity | Series A | — | Jan 2024 |
| IIndifi Technologies Pvt. Ltd. | Series E | $35M | Jun 2023 |
| SarvaGram | Series C | $35M | Jan 2023 |
| PPeepul Tree | Seed | $6M | Jan 2023 |
| SSarvaGram Solutions Private Limited | Series C | $50M | Jan 2023 |
| LLEAD School | Series C | $100M | Jan 2022 |
 Bike Bazaar | Series D | $21M | Jan 2022 |
| SarvaGram | Series B | $10M | Jan 2021 |
| Cloudphysician | Series A | $4M | Jan 2021 |
 Nuvemshop | Series B | $30M | Oct 2020 |
 CreditMantri | Series B | $7.6M | Jan 2020 |
| Nuvemshop | Series C | $30M | Jan 2020 |
| LLEAD School | Series C | $28M | Jan 2020 |
| IIndifi Technologies Pvt. Ltd. | Unknown | $21M | Aug 2019 |
 Samunnati | Series D | $55M | Jan 2019 |
| IIndifi Technologies Pvt. Ltd. | Unknown | $21M | Jan 2019 |
| CreditMantri | Series B | $7.6M | Mar 2017 |
| Nuvemshop | Series B | $7M | Jan 2017 |
| IIndifi Technologies Pvt. Ltd. | Series B | $10M | Dec 2016 |
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Top Co-Investors
India Quotient11 shared
British International Investment9 shared
Accel8 shared
Peak XV Partners7 shared
Elevation Capital5 shared
Omidyar Network5 shared
Omidyar4 shared
FJ Labs4 shared
Accion Ventures3 shared
Quona Capital3 shared
Endeavor3 shared
IGNIA3 shared
Kaszek3 shared
Alteria Capital2 shared
Qualcomm Ventures2 shared
WestBridge Capital2 shared
NXTP2 shared
Bertelsmann India Investments1 shared
InnoVen Capital1 shared
Last updated: 20 October 2026