British International Investment

Elevar India V

IndiaSouth AsiaBusiness and consumer servicesFinancial servicesHealth

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 South Asia Business and consumer services, Financial services, Health December 2022 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
AV Financial Experts Network Private Limited India South Asia Health December 2024 Active
Cloudphysician International Pte. Ltd India South Asia Health March 2023 Active
Coverstack Technologies Private Limited India South Asia Financial services December 2025 Active
CureBay Technologies Pvt Ltd India South Asia Health March 2023 Active
LHI TV Private Limited India South Asia Business and consumer services March 2023 Active
Niro India South Asia Financial services March 2023 Exited
Samunnati Agri Value Chain Solutions Pvt Ltd India South Asia Financial services March 2023 Active
SarvaGram Solutions Private Limited India South Asia Financial services March 2023 Active
Stride Fintree Pvt. Ltd. India South Asia Financial services March 2023 Active
Tapsys Private Limited India South Asia Financial services March 2024 Active
Umoja Marketplace Technologies Private Limited India South Asia Business and consumer services December 2024 Active

Subscribe to receive our latest news and updates

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookies should be enabled at all times so that we can save your preferences for cookie settings.

Analytics Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Enabling these cookies helps us to improve our website.