$210M, 5 funds, 44 companies: Elevar Equity's modus operandi

Founded in 2008, Elevar Equity is an impact-focused fund that looks at investing early growth capital in startups that address inclusivity, have affordable products or services, and can be deployed, en masse.
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One of the harshest impacts of the COVID-19 pandemic was felt by the low-income community whose grievances were exacerbated by a 'no-supply' problem. However, many companies were unable to solve for their needs due to unsustainable margins.

This is where Bengaluru-based impact investing firm Elevar Equity steps in to fund early-stage startups building solutions for low-income communities.

Founded in 2008 by Sandeep Farias and Johanna Posada, the venture capital fund looks at solutions that generate and encourage inclusivity, are affordable, and can be deployed at scale — all while being able to show profitability.

"We believe that the DNA of the company needs to be low-income focused to increase and optimise the chances of success," co-founder Sandeep Farias tells YourStory.

To date, Elevar Equity has deployed $210 million in capital across five funds, and in 44 companies. The fund is estimated to have impacted 45 million households across India and Latin America, where it has also been investing, and created nearly 75,000 jobs.


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Read more: [https://yourstory.com/2022/04/startup-news-updates-april-26-credavenue-corpository-cactus-kreditbee/amp]


Before you go, stay inspired with… 

Arundhati Bhattacharya, CEO of SalesForce India.

“Being powerful is having the ability to empower others. The more you empower others, the more powerful you actually are.”

Arundhati Bhattacharya, Chairperson and CEO of Salesforce India


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