ELEVER is a one-of-a-kind, fully personalised, goal-based investing app.

Basic Information

ELEVER is a highly personalised, goal-based investing app that offers investment planning that is uniquely suited to every user. Elever follows a rule-based, algo driven, passive investing model that focuses on achieving each individual goal in a manner that is low cost, diversified, and tax efficient. Their research team has identified volatility bands suitable for risk profile of investors based on historical data and apply Modern Portfolio Theory to design portfolio for corresponding risk profile. Furthermore, they evaluate their portfolios, using back-testing methodology that rigorously tests their algorithm rules, simulates real market situations, and removes positive omission bias. ​Their AI/ML backed research platform leverages big data capabilities - enabling analytics across 200 data points for over 5000 listed Indian equities, going back 15 years' worth of historical records. See more

Legal Name

:

Elever Investment Adviser Pvt Ltd

Headquarters

:

Bangalore, Karnataka, India

Business Model

:

B2C 

Founding Date

:

15th Sep 2020

No. of Employees

:

11 to 20

Core Team

:
1.

Anshul Sharan

Co-Founder and CEO

2.

Ram Subramaniam

Co-Founder and CTO

3.

Santosh R

Co-Founder & CMO

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Funding

Total Funding

$750.0k

Investors

:

1.

Massimo Vita

2.

Udaya Kumar

3.

Seetharaman Babu

Detail Round Breakdown

Round 1

$750k

Series Name

:

PRE-SEED

Date

:

7th Feb 2022

Investors

:
1.

Massimo Vita

2.

Udaya Kumar

3.

Seetharaman Babu