About Elever
Elever is a Technology company based in Bengaluru (India) founded in 2020 by Santosh Aiyar, Karan Aggarwal, Ramakrishnan Subramaniam, and Anshul Sharan. Goal-based investments are enabled via an app-based platform. Elever has raised $4.81 million across 13 funding rounds from investors including We Founder Circle, Solfin and Spafid. The company has 1 employees. Elever was last valued at $9.51 million in October 2024. Its chief executive, as recorded, is Anshul Sharan. Its Indian entity Ametra Investment Managers Private Limited reported revenue of ₹8.7 Lakh. Elever offers products and services including PMS. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Robo Advisors. Its competitors include FundExpert, Orowealth and Goalwise; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 1
- Founders Santosh Aiyar, Karan Aggarwal, Ramakrishnan Subramaniam, Anshul Sharan
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website elever.app
- Social LinkedIn X Facebook YouTube
- Legal Name Elever Investment Adviser Private Limited
- Date of Incorporation 15 Sep, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹8.7 Lakh
FY 2024 · +80% YoY
- Net Loss-₹8.27 Cr
FY 2024 · -9478% margin
- EBITDA-₹8.98 Cr
FY 2024 · -10284% margin
- Total Equity Funding$4.81M (USD)
in 13 rounds
- Latest Funding Round$1.1M (USD), Seed
Aug 2025
- InvestorsWe Founder Circle
& 53 more
- Employee Count1
Associated legal entities of Elever
Elever operates through Ametra Investment Managers Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ametra Investment Managers Private Limited CIN U67190KA2020PTC138590 | Active | 15 Sep 2020 | Bangalore, Karnataka | ₹0.1 Cr | 9 | 4 | View details |
Products & Services of Elever
Elever offers a comprehensive portfolio of products and services, including PMS.
Manages investment portfolios and provides advisory for securities market risks.
Apps and channels of Elever
its YouTube channel Elever has 478 subscribers and 30 videos.
Videos from Elever
The most watched videos on Elever's YouTube channel, Elever (478 subscribers). Click a video to play it here.
More on Elever.
Funding Insights of Elever
Elever has successfully raised a total of $4.81M across 13 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 $4.81M
- Total Rounds 13
- Last Round Seed — $1.1M
- First Round $40,059
(Mar 2021)
- Investors Count 54
Latest 10 of 13 funding rounds of Elever with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $1.1M | Seed | – | – | |
| Oct 2024 | $226,108 | Seed | $9.51M | Spafid | |
| Jul 2024 | $192,002 | Seed | $9.24M | Arnia Fiduciaria | |
| Feb 2024 | $50,590 | Seed | – | – | |
| Feb 2024 | $517,651 | Seed | $••••• | We Founder Circle | |
| Nov 2023 | $99,492 | Seed | $••••• | – | |
| Aug 2023 | $241,348 | Seed | $••••• | – | |
| Feb 2023 | $482,602 | Seed | $••••• | – | |
| Nov 2022 | $132,898 | Seed | $••••• | Framan | |
| Jul 2022 | $257,177 | Seed | $••••• | Singhai Holdings |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2024 | $9.51M | •••••••• |
| Jul 2024 | $9.24M | •••••••• |
| Feb 2024 | $••••• | •••••••• |
| Nov 2023 | $••••• | •••••••• |
| Aug 2023 | $••••• | •••••••• |
| Feb 2023 | $••••• | •••••••• |
| Nov 2022 | $••••• | •••••••• |
| Jul 2022 | $••••• | •••••••• |
Full valuation and stage history of Elever
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $9.51M (Oct 2024). 54 investors in total: 14 institutional and 40 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Arnia Fiduciaria is engaged in providing fiduciary services. | arniafiduciaria.it | Milan, Italy | ||
Coding and manual marking systems are manufactured for industrial applications. | framan.it | Peschiera Borromeo, Italy | ||
SME loans for solar projects are financed and overseen. | 2022 | solfin.co.in | Gurugram, India | |
Construction machinery and equipment are manufactured by Syntesi Srl. | Milan, Italy |
Investor details for Elever
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ametra Investment Managers Private Limited (Elever)
Ametra Investment Managers Private Limited is the primary company behind Elever. The board of Ametra Investment Managers Private Limited currently have 4 directors; the longest-serving is Anshul Sharan, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anshul Sharan DIN 05260343 | Whole-time director | 15 Sep 2020 | 6 yrs 1 mo | Ametra Investment Managers Private Limited |
| Subramanian Ramakrishnan DIN 08781801 | Whole-time director | 15 Sep 2020 | 6 yrs 1 mo | Ametra Investment Managers Private Limited |
| Karan DIN 08920951 | Whole-time director | 15 Oct 2020 | 6 yrs | Ametra Investment Managers Private Limited |
| Udaya Kumar Hebbar DIN 07235226 | Additional Director | 01 Nov 2025 | 1 yr | Ametra Investment Managers Private Limited |
People of Elever
11 people are tracked at Elever (6 in leadership, 2 in board & advisors, 3 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Santosh Aiyar | Co-Founder & CMO | Leadership |
Karan Aggarwal | Co-Founder & CIO | Leadership |
Ramakrishnan Subramaniam | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership | |
Ram Subramaniam | Co-Founder & CTO | Leadership |
Darshana Kothari | Associate Vice President - Legal & Compliance | Leadership |
Ganesh Gopalakrishnan | Advisor | Board & advisors |
Richard Kang | Advisor | Board & advisors |
Raksha Rusia | Brand Lead | Team |
Saransh Gupta | Investment Operation Analyst | Team |
Sagar S | Senior Manager- Channel Partnerships | Team |
Complete people profiles for Elever
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Elever
Figures of Ametra Investment Managers Private Limited, the primary company behind Elever, for FY 2024. Revenue was ₹8.7 Lakh (+80% year on year). Net loss was -₹8.27 Cr (-9478% margin). EBITDA was -₹8.98 Cr (-10284% margin). Revenue has grown at a compounded annual rate of +603% over three years.
- ₹8.7 LakhRevenue · FY 2024 · +80% YoY
- -₹8.27 CrNet loss · -9478% margin
- -₹8.98 CrEBITDA · -10284% margin
- ₹2.15 CrPaid-up capital
- 9Employees (provident fund records)
- +603%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ametra Investment Managers Private Limited are on its company page.
Detailed financial statements for Elever
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Elever
4 dated milestones of Elever across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Elever is founded.
- Funding First funding round of $40K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.1M.
Competitors of Elever
Elever has 3 listed competitors in our database, 3 of them funded. They include FundExpert, Orowealth and Goalwise.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fundexpert.in | 2016 | Bengaluru, India | $88,816 | 4,379 | Automated mutual fund investing platform | |
| orowealth.com | 2015 | Mumbai, India | $2M | 42 | Platform for alternative asset and mutual fund investments is provided. | |
| goalwise.com | 2015 | Delhi, India | $1M | 4 | Goal-based investing platform |
Detailed competitors of Elever
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Elever
The website of Elever (elever.app) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 25.6% vs previous month
Websites whose visitors overlap most with Elever. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
eleversearch.com | eleversearch.com | 100% | #12,887,438 | – | |
eleverpro.com | eleverpro.com | 100% | – |
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Elever (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Elever
Complete news archive for Elever
Full article history, source details, and older brand coverage require an active premium plan.
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Verified entity values are shown only after access is granted.
Frequently Asked Questions about Elever
Elever was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Elever is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Anshul Sharan is the CEO of Elever, as recorded in our data. They have also founded this company.
Elever is a funded company, having raised a total of $4.81M across 13 funding rounds to date. The company's 1st funding round was a Seed of $257.18K, raised on Mar 2021.
Elever has 1 employees.
The primary company behind Elever, Ametra Investment Managers Private Limited, reported revenue of ₹8.7 Lakh for FY 2024, up 80% year on year.
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.
Elever's top competitors include FundExpert, Orowealth and Goalwise.
Elever has 54 investors. Key investors include We Founder Circle, Solfin, Spafid, Alessandro Baroni, and Vanessa Maccan.
The valuation of Elever is $9.51M as of Oct 2024.
Elever operates through Ametra Investment Managers Private Limited.
The legal entities of Elever currently have 4 directors, including Udaya Kumar Hebbar, Anshul Sharan, Subramanian Ramakrishnan and others.