About Elevarm
Elevarm is a company based in Bandung (Indonesia) founded in 2022 by Lintang Kusuma Pratiwi, Bayu Syerli, and Febi Agil Ifdillah.. Elevarm has raised $6.85 million across 4 funding rounds from investors including Amartha, Rabobank and Scala.
- Headquarter Bandung, Indonesia
- Founders Lintang Kusuma Pratiwi, Bayu Syerli, Febi Agil Ifdillah
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Sectors
Agriculture
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.85 M (USD)
in 4 rounds
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Latest Funding Round
$4.25 M (USD), Seed
Mar 13, 2025
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Investors
Amartha
& 8 more
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Employee Count
Employee Count
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Funding Insights of Elevarm
Elevarm has successfully raised a total of $6.85M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $4.25 million completed in March 2025. 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 4
- Last Round Seed — $4.2M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - Elevarm | Valuation | Intudo Ventures | |
| Jul, 2024 | Amount | Debt – Conventional - Elevarm | Valuation |
investors |
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| May, 2024 | Amount | Seed - Elevarm | Valuation | Insignia Ventures Partners |
| 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 Elevarm
Elevarm has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amartha, Rabobank and Scala. 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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Venture capital and acceleration are provided to tech startups.
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Founded Year | Domain | Location | |
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Early-stage tech startups in Indonesia are funded by Intudo Ventures.
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Founded Year | Domain | Location | |
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Venture capital services and app-based platform requiring JavaScript.
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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 Elevarm
| 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 - Elevarm
| 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 |
Elevarm Comparisons
Competitors of Elevarm
| 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 Elevarm
Frequently Asked Questions about Elevarm
When was Elevarm founded?
Elevarm was founded in 2022.
Where is Elevarm located?
Elevarm is headquartered in Bandung, Indonesia. It is registered at Bandung, West Java, Indonesia.
Who is the current CEO of Elevarm?
Bayu Syerli is the current CEO of Elevarm. They have also founded this company.
Is Elevarm a funded company?
Elevarm is a funded company, having raised a total of $6.85M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.6M, raised on Nov 15, 2022.
What does Elevarm do?
Elevarm was founded in 2022 in Bandung, Indonesia, as an upstream-focused agritech company. Smallholder farmers are aggregated to supply business customers with comprehensive solutions. An ecosystem is developed using data and AI technologies to enable farmer empowerment and inclusive growth within Indonesias agriculture sector. Operations center on holistic impacts for the local farming community.
Who are Elevarm's investors?
Elevarm has 9 investors. Key investors include Amartha, Rabobank, Scala, 500 Global, and Intudo Ventures.