All entrepreneurs

Entrepreneurs

Our entrepreneurs have an unparalleled sense of urgency and dedication towards their dream. They aspire to build high momentum businesses with scalable solutions that address barriers of access and inequity. We have invested in 50 such businesses, across 10+ countries, and have been the first institutional investor in 42 and the founding investor in 22 of them.

We curate environments for entrepreneurial success by being a partner through lonely and challenging moments, by driving innovation in product design and distribution, and by identifying metrics that ensure business performance and customer impact.

FinX
Invested 2024
TapFin
Invested 2024
Peepul Tree
Invested 2022
CureBay
Invested 2022
Galena
Invested 2022
Fairplay
Invested 2022
StrideOne
Invested 2022
Niro
Invested 2021
Cloudphysician
Invested 2021
Justo
Invested 2020
SarvaGram
Invested 2019
InCred
Invested 2019
The Better India
Invested 2019
Origa
Invested 2018
Bankingly
Invested 2018
Ticmas
Invested 2018
LEAD
Invested 2018
Nuvemshop
Invested 2017
Bike Bazaar
Invested 2017
Covalto
Invested 2016
SecureNow
Invested 2016
Indifi
Invested 2015
CreditMantri
Invested 2015
Samunnati
Invested 2015
Finae
Invested 2014
Varthana
Invested 2013
TALK TO US

Imagine a world in which the transformative power of capital, and the focused determination of committed human beings are brought to bear to transform the lives of marginalized, low income communities?

Now imagine building that world right now – responsibly.

This is what we do at Elevar every day. The entrepreneurs we have backed (and the tens of thousands of people that work with them) are doing this every day.

We would love to hear from you.

Write to us at info@elevarequity.com and let’s start a conversation.


Past Investments


Aarusha

Aarusha provides safe, well – priced, high value temporary housing solutions to low income migrants in urban India.


Afluenta

Afluenta is a technology-enabled marketplace that connects lenders and borrowers increasing access and affordability of financial services in Latin America.


BEDU

BEDU, an EdTech company, combines a proprietary tech-enabled platform and online curated content with an asset-light, offline model to provide courses that are linked to professional advancement.


Caja Rural Los Andes

Los Andes is a deposit-taking, regulated finance company that caters to the needs of the rural community in Peru. It is a leading community bank with strong customer focus and a unique credit model. In 2016, Elevar exited with Creation Investments Capital Management LLC acquiring a majority stake in the company.


Canasta Rosa

Canasta Rosa’s online platform enables individual, micro and small entrepreneurs, typically women working out of their homes in Mexico, expand the market reach of their products.


Comat Technologies

Comat provided access to essential information and e-governance services through 800 rural business centers distributed across Karnataka, India.


Credex

Credex serves low income borrowers through individual productive loans in the poor urban and semi-urban areas and village banking in the rural areas of Mexico.


Favo

Favo is a 100% online supermarket in Brazil and Peru for low and middle income communities. Its community buying model leverages self-employed people for customer aggregation, sales management, and last-mile logistics. Favo enables its clients to buy online and pay less for better quality groceries, simultaneously creating employment and increasing the income of the entrepreneurs.


Finsol Brazil

Finsol Brazil is a microfinance institution reaching the vast number of micro-entrepreneurs living in the outskirts of cities around Northeast Brazil who have relatively little credit within their reach. In 2008, when Financiera Independencia acquired the parent company Finsol Mexico, Elevar exited its stake.


GloboKasNet

GloboKasNet (GKN) is the largest multi-bank payment network in Peru offering transaction, processing, settlement and bill payment services to low income urban and rural clients of banks, microfinance institutions (MFIs) and commercial wholesalers. GloboKasNet’s vision is to turn into reality the economic and social inclusion of any person, anywhere, without regard to distance or population density.


Glocal

Glocal provides state of the art healthcare to the rural population in India through an integrated model of comprehensive primary & secondary care hospitals, digital dispensaries and technology.


Grama Vidiyal Microfinance

Grama Vidiyal Microfinance is a provider of small loans to women in Tamil Nadu without access to formal credit. In 2015, the company was sold through a strategic sale to IDFC Bank and Elevar exited its full stake.


Kamatan

Kamatan was building an inclusive agriculture value chain with a focus on empowering producers and solving the core challenges of small-holder farmers: to gain improved access to markets, technology and capital.​ In April 2021, Samunnati (also an Elevar portfolio company) acquired Kamatan through a share swap, joining forces to reach millions of farmers and unlock a massive opportunity in agri commerce and finance.


Madura Microfinance

Madura is a highly efficient customer-focused microfinance institution. The company provides unsecured microfinance loans to women self-help groups and micro-entrepreneurs in rural and semi-urban areas. In 2020, Madura merged with CreditAccess Grameen Ltd., and Elevar exited its stake in the company.


MokshaYug Access

MokshaYug Access is a rural supply chain management company that builds market linkages between rural communities and larger commercial markets with a focus on dairy.


Shubham

Shubham provides home loans and home improvement loans to low income individuals and families in urban and semi-urban India. In 2022, Elevar exited Shubam, with a strategic sale to investors that included BII, LeapFrog and ADB.


SKS Microfinance

SKS Microfinance is one of India’s largest microfinance institutions – lending to over 5 million women – and is globally recognized as a leader in the industry. SKS Microfinance went public in 2010. We led the series A investment in SKS. After a series of partial sales pre, during and post the IPO over a couple of years, Elevar exited its final stake in the company in 2013.


Swadhaar FinServe

Swadhaar focuses on providing services to the economically active poor in the city of Mumbai and other urban areas. In 2015, the company was sold through a strategic sale to Ratankar Bank Ltd. and Elevar exited its full stake.


Ujjivan

Ujjivan Financial Services started operations as an NBFC (Non Banking Financial Company) with the mission of catering to the economically active poor who are not adequately served by financial institutions. It now operates as a Small Finance Bank, which operates in urban and semi-urban areas and provides a range of financial services to individuals and businesses in low income communities. Ujjivan went public with an IPO in 2016. In 2022, Elevar divested its remaining stake in the company, after a series of partial exits over the years.


Union Andina

Union Andina enables Latin American migrants in the United States and Europe to purchase a home in their country of origin. The company offers migrant workers access to qualified real estate developers’ inventory list as well as mortgage financing solutions.


Vistaar

Vistaar specializes in providing credit to micro, small and medium enterprises in India’s rural and semi-urban areas. In 2022, Elevar exited Vistaar, with Warburg Pincus acquiring a controlling stake.

Samunnati empowers smallholder farmers and agricultural enterprises by providing access to markets through financial intermediation, market linkages and advisory services.

The estimated credit potential in India for a few top value chains in Samunnati’s portfolio is over $30 billion.

CASE STUDY

Samunnati – aspiring to define the next generation of Indian agriculture