About Elevar Sports
Elevar Sports is a company based in Mumbai (India) founded in 2017.. Elevar Sports has raised $4.05 million across 3 funding rounds from investors including Dream Sports, Marwah Steels and Kalaari Capital. The company has 14 employees as of April 07, 2024. Elevar Sports operates in a competitive market with competitors including DAPP, among others.
- Headquarter Mumbai, India
- Employees 14 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
RetailMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Elevar Sports Private Limited
- Date of Incorporation 26 Oct, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$971.81 K (USD)70.06as on Mar 31, 2023
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Net Profit
$-974.49 K (USD)-130.83as on Mar 31, 2023
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EBITDA
$-1 M (USD)-121.69as on Mar 31, 2023
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Total Equity Funding
$4.05 M (USD)
in 3 rounds
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Latest Funding Round
$2.58 M (USD), Series A
Aug 12, 2021
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Investors
Dream Sports
& 28 more
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Employee Count
14
as on Apr 07, 2024
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Funding Insights of Elevar Sports
Elevar Sports has successfully raised a total of $4.05M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.58 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.6M
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First Round
First Round
(18 Sep 2018)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series A - Elevar Sports | Valuation | Kalaari Capital | |
| May, 2019 | Amount | Seed - Elevar Sports | Valuation | Parth Jindal , Semine Fazalbhoy | |
| Sep, 2018 | Amount | Seed - Elevar Sports | Valuation | Semine Fazalbhoy |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elevar Sports
Elevar Sports has secured backing from 29 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dream Sports, Marwah Steels and Kalaari Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location | |
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Financial, accounting, and tax services are provided to clients.
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Founded Year | Domain | Location | |
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Operator of a multifaceted platform for sports content and experiences
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elevar Sports
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Elevar Sports
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elevar Sports Comparisons
Competitors of Elevar Sports
Elevar Sports operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DAPP, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides online sales of weightlifting shoes and active wear for athletes.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elevar Sports
Frequently Asked Questions about Elevar Sports
When was Elevar Sports founded?
Elevar Sports was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Elevar Sports located?
Elevar Sports is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Elevar Sports?
Rohit Bhaskar is the current CEO of Elevar Sports.
Is Elevar Sports a funded company?
Elevar Sports is a funded company, having raised a total of $4.05M across 3 funding rounds to date. The company's 1st funding round was a Seed of $110.32K, raised on Sep 18, 2018.
How many employees does Elevar Sports have?
As of Apr 07, 2024, the latest employee count at Elevar Sports is 14.
What is the annual revenue of Elevar Sports?
Annual revenue of Elevar Sports is $971.81K as on Mar 31, 2023.
What does Elevar Sports do?
Elevar Sports was established in 2017 in Mumbai, India, within the sports retail sector. Footwear options, including sneakers, sports shoes, flip-flops, and slides, are supplied for all-purpose, everyday, running, and casual applications. Apparel featuring lightweight, breathable, and moisture-wicking fabrics is provided alongside cricket bats and associated sporting equipment. Operations focus on retail distribution in the Indian market.
Who are the top competitors of Elevar Sports?
Elevar Sports's top competitors include DAPP.
Who are Elevar Sports's investors?
Elevar Sports has 29 investors. Key investors include Dream Sports, Marwah Steels, Kalaari Capital, Dream Capital, and Parth Jindal.
What is Elevar Sports's valuation?
The valuation of Elevar Sports is $8.02M as of Aug 2021.