British International Investment

Elevar India V

IndiaSouth AsiaConsumer - HealthConsumer - other servicesFinancial services

Elevar India V is managed by Elevar Partners. Elevar invests minority stakes in early-stage companies providing essential goods and services to underserved low-income populations in India.

The fund will target companies across four key themes which include financial inclusion, agriculture, education, and MSMEs providing business services across healthcare, housing, and through marketplaces.

It’s one of the few funds in India targeting solution-oriented businesses, which enable marginalised customers to overcome barriers of inequality and difficulty accessing goods and services.

Through its existing four funds, Elevar has supported the creation of approximately 70,000 jobs, served 370,000 SMEs and 310,000 smallholder farmers, and provided loans to 20 million women borrowers through Monetary Financial Institutions.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $10m Consumer - Health, Consumer - other services, Financial services December 2022 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Cloudphysician India South Asia Consumer - Health March 2023 Active
CureBay India South Asia Consumer - Health March 2023 Active
Niro India South Asia Financial services March 2023 Active
Peepul Tree India South Asia Consumer - other services March 2023 Active
Samunnati Financial Intermediation India South Asia Financial services March 2023 Active
Sarvagram India South Asia Financial services March 2023 Active
StrideOne India South Asia Financial services March 2023 Active

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