VC fund (Cat II) · Curated list
Elevar Equity
Growth (Series C+) · Financial services (non-tech) · Bengaluru
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Financial services (non-tech)
- City
- Bengaluru
- HQ / office
- India office: 10th Floor, Prestige Summit, No.6 St. John's Road, Ulsoor, Bengaluru, Karnataka 560042, India. Other offices: Seattle (450 Alaskan Way S., Suite 200, Seattle, WA 98104, USA); Grand Cayman (P.O. Box 309, Ugland House, KY1-1104, Cayman Islands); Mauritius (6th Floor, Two Tribeca, Tribeca Central, Trianon, Mauritius 72261).
- Fund registered
- 2018
- Investments on record
- 40
- Corpus (as reported)
- ~US$400M AUM (reported, 2024–2025); latest vehicle Fund V targeting ~$225M with a reported first close of ~$126M. AUM/fund figures are from third-party trackers (DealStreetAsia, Tracxn, etc.), not disclosed on the firm's own site — confirm before official use.
- Website
- elevarequity.com
- Profile ↗
About
Elevar Equity is an impact-focused early-growth venture capital firm investing in businesses that democratize access to essential products and services for underserved households across India and Latin America, with roots in early microfinance/financial-inclusion investing. Founded in 2008 by Sandeep Farias (managing partner) with co-founders Johanna Posada, Maya Chorengel and Chris Brookfield; the current partnership includes Sandeep Farias, Johanna Posada and Jyotsna Krishnan (joined 2011), among others. It runs its India operations out of Bengaluru with additional offices in Seattle, the Cayman Islands and Mauritius.
Investment focus
Early-growth equity (primarily Series A, some Series B); typical check ~$1M–$10M. Sectors: financial services/FinTech & financial inclusion, food & agri-tech, healthcare, consumer/digital commerce, education — businesses serving underserved/low-income "Entrepreneurial Households" ("commercial impact investing"). Geography: India and Latin America.
Cheque size
USD 10-50M deal range (early-growth equity); approx 3 investments/year
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Impact / financial-inclusion early-growth VC (FinTech, FoodAgriTech, healthcare, consumer) / Cat II”
- IN/AIF2/18-19/0545
SIDBI Fund of Funds
None found — LPs are DFIs/impact investors (IFC, Omidyar Network, Legatum); no evidence of SIDBI FFS or a govt/state fund-of-funds LP
Notable portfolio
Ujjivan (Ujjivan Small Finance Bank) — past investment, IPO 2016; InCred (2019); SarvaGram (2019); Samunnati (2015); Indifi (2015); Varthana (2013); LEAD School (2018); CureBay (2022); Coverfox (2025); Nuvemshop (2017, Latin America)
Team & organisation
6 partners (Sandeep Farias, Johanna Posada, Jyotsna Krishnan, Vipul Rawal, Amie Patel, Shobha Venkataraman); partnership avg ~12 yrs together
Manages domestic Alternative Investment Funds in India plus offshore vehicles (Mauritius, Cayman); multi-fund impact/financial-inclusion VC platform
Connect through iHub India
Open a funding round and send a structured pitch from this profile. It's recorded now and delivered the moment this investor joins iHub India; if they accept, contact details are shared and the conversation moves into a tracked deal room.
Raising a round? Send a funding pitch with your traction — an acceptance opens a tracked deal room. Mentors, incubators, corporates and students can request an intro instead.
Work at Elevar Equity? Claim this profile to keep it current and receive pitches directly.
Frequently asked
- What does Elevar Equity invest in?
- Early-growth equity (primarily Series A, some Series B); typical check ~$1M–$10M. Sectors: financial services/FinTech & financial inclusion, food & agri-tech, healthcare, consumer/digital commerce, education — businesses serving underserved/low-income "Entrepreneurial Households" ("commercial impact investing"). Geography: India and Latin America.
- What cheque size does Elevar Equity write?
- As compiled from public sources: USD 10-50M deal range (early-growth equity); approx 3 investments/year
- How do I pitch Elevar Equity through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
Similar investors
VC fund (Cat II)
108 Capital Venture Fund
Growth (Series C+) · Not disclosed · Bengaluru
VC fund (Cat I)
35North India Growth Fund Trust
Growth (Series C+) · Fintech · Mumbai
VC fund (Cat II)
A91 Partners
Growth (Series C+) · Financial services (non-tech) · Mumbai
VC fund (Cat II)
a99 Investment AIF Trust
Growth (Series C+) · Manufacturing & Industrials · Chennai
VC fund (Cat II)
Aaroh Capital Trust
Growth (Series C+) · Not disclosed · Bengaluru
Private equity (Cat II)
Access Fund Trust
Growth (Series C+) · Sector agnostic · Mumbai
About this record
- ⚑ Not India-only: firm has US (Seattle) and offshore (Cayman, Mauritius) offices and a parallel Latin America portfolio — fund domicile/HQ is partly outside India. Private impact/financial-inclusion VC: no government/DFI ownership found, though it raises from impact/DFI-type LPs — verify LP base if that matters. Founding year resolved to 2008 (firm and multiple sources confirm; some third-party trackers cite 2013, which reflects later India-fund activity, not incorporation). AUM/fund-size and track-record counts are from third-party trackers (Tracxn/Crunchbase/PitchBook/DealStreetAsia), not the firm's own site. Name-collision caution: do NOT confuse with 'Elevation Capital' (formerly SAIF Partners), a different India VC.
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://elevarequity.com/about/; https://elevarequity.com/offices/