About Elever
Elever is a company based in Bengaluru (India) founded in 2020 by Santosh Aiyar, Karan Aggarwal, Ramakrishnan Subramaniam, and Anshul Sharan.. Elever has raised $4.76 million across 12 funding rounds from investors including We Founder Circle, Solfin and Spafid. The company has 1 employees as of April 06, 2024. Elever offers products and services including PMS. Elever operates in a competitive market with competitors including Kristal, Wahed, FundExpert, Orowealth and Goalwise, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 06 Apr, 2024
- Founders Santosh Aiyar, Karan Aggarwal, Ramakrishnan Subramaniam, Anshul Sharan
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Elever Investment Adviser Private Limited
- Date of Incorporation 15 Sep, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$5.82 K (USD)131.14as on Mar 31, 2023
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Net Profit
$-615.68 K (USD)-352.67as on Mar 31, 2023
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EBITDA
$-691.76 K (USD)-346.33as on Mar 31, 2023
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Total Equity Funding
$4.76 M (USD)
in 12 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Aug 12, 2025
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Investors
We Founder Circle
& 53 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of Elever
Elever offers a comprehensive portfolio of products and services, including PMS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages investment portfolios and provides advisory for securities market risks.
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Funding Insights of Elever
Elever has successfully raised a total of $4.76M across 12 strategic funding rounds. The most recent funding activity was a Seed round of $1.1 million completed in August 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 12
- Last Round Seed — $1.1M
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First Round
First Round
(26 Mar 2021)
- Investors Count 54
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Seed - Elever | Valuation |
investors |
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| Oct, 2024 | Amount | Seed - Elever | Valuation | Spafid | |
| Jul, 2024 | Amount | Seed - Elever | Valuation | Arnia Fiduciaria |
| 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 Elever
Elever has secured backing from 54 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include We Founder Circle, Solfin and Spafid. 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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Investment in early-stage startups and global community support.
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Founded Year | Domain | Location | |
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Investments in early-stage startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Arnia Fiduciaria is engaged in providing fiduciary services.
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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 Elever
| 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 - Elever
| 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 |
Elever Comparisons
Competitors of Elever
Elever 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 Kristal, Wahed, FundExpert, Orowealth and Goalwise, 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 |
AI-based asset management is offered for individual investors.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Automated mutual fund investing platform
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| domain | founded_year | HQ Location |
Platform for alternative asset and mutual fund investments is provided.
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| domain | founded_year | HQ Location |
Goal-based investing platform
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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 Elever
Frequently Asked Questions about Elever
When was Elever founded?
Elever was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Elever located?
Elever is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Elever?
Anshul Sharan is the current CEO of Elever. They have also founded this company.
Is Elever a funded company?
Elever is a funded company, having raised a total of $4.76M across 12 funding rounds to date. The company's 1st funding round was a Seed of $192K, raised on Mar 26, 2021.
How many employees does Elever have?
As of Apr 06, 2024, the latest employee count at Elever is 1.
What is the annual revenue of Elever?
Annual revenue of Elever is $5.82K as on Mar 31, 2023.
What does Elever do?
Elever was founded in 2020 in Bengaluru, India, as an app-based platform focused on goal-based investments within the fintech sector. Customized investment goals are provided to link future aspirations with current finances. Portfolios are constructed directly in stocks and ETFs. Investments are monitored and safeguarded against market risks and personal events. Operations are centered on user-centric financial planning tools.
Who are the top competitors of Elever?
Elever's top competitors include Kristal, Wahed and FundExpert.
What products or services does Elever offer?
Elever offers PMS.
Who are Elever's investors?
Elever has 54 investors. Key investors include We Founder Circle, Solfin, Spafid, Alessandro Baroni, and Vanessa Maccan.
What is Elever's valuation?
The valuation of Elever is $9.51M as of Oct 2024.
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