Press

Used two wheeler finance specialist WheelsEMI raises Series C funding of Rs 105 crore

Two-wheeler finance specialist WheelsEMI has raised Rs 105 crore in series C funding amid rising demand for used two-wheelers post the pandemic. The Pune-based company secured the funding in a tough fundraising market from its existing investors Faering Capital and Elevar Equity at a decent premium, according to a senior company executive. WheelsEMI lends money for all kinds of two-wheeler purchases, including new two-wheelers in rural […]

Nuvemshop Bags $30M Series C To Scale Latam Online Businesses

Latin American commerce platform Nuvemshop raised $30 million in Series C funding to help small and medium-sized businesses develop and promote their own online presence. With offices in São Paulo and in Buenos Aires, where it is known as Tiendanube, Nuvemshop offers a suite of tools around payments, shipping, inventory management and marketing. Proceeds of the round […]

Edtech Company LEAD School Raises $28Mn In Series C Funding Round

Mumbai-based edtech company LEAD School, that transforms affordable private schools via its Integrated System, has raised US $28 million in a Series C funding round led by Westbridge Capital along with existing investor Elevar Equity. The latest round of funding will be used by the company to accelerate the development and rollout of new product […]

Eyes on the time horizon

In the years we have spent in early-stage equity investing, often backing raw startups and paper plans, our decision to go with a venture accounts for all the usual suspects, like customer insights, market trends and entrepreneur quality. An additional factor that is not spoken of as much is time horizon. While near term perspectives […]

Goldman Sachs, Point72 and others invest $42 million in Mexico’s Credijusto

NEW YORK (Reuters) – Goldman Sachs Group Inc, Point72 Ventures and others invested $42 million in a Mexico-based online lender called Credijusto.com, the companies said on Thursday. Founded in 2015, Credijusto has originated $90 million in loans and equipment leases to small businesses like dry cleaners and mechanics across Mexico, according to a statement from […]

Indifi Technologies raises $21 million in series C funding round

Indifi Technologies, a Gurugram-based new-age lending company, has raised Rs 145 crore ($21 million) in its series C funding round from the CDC Group, along with existing investors such as Accel India, Omidyar Network, Fair Finance Fund and Elevar Equity, according to data sourced from the Registrar of Companies. Indifi was co-founded in 2015 by Alok Mittal and Siddharth […]

Johanna Posada, Elevar Equity: Driving Impact in Latin America via Venture Capital, Ep 79 ( Podcast )

Originally from Mexico, developing microfinance in Latin America and India was a natural step for Johanna Posada. With over 15 years of experience working in corporate finance, economics, microfinance and investing in emerging markets, Johanna, now based in Seattle, has long been involved in economic development. Currently, as Managing Director and Founder of Elevar Equity, […]

Elevar Equity leads US$5.25M investment in Uruguayan fintech Bankingly

Bankingly, one of Latin America’s leading providers of world-class digital banking channels to financial institutions, announced today that it has raised $5.25Mn in a round led by Elevar Equity, and in which The Rise Fund, through its co-investment partnership with Elevar Equity, and Endeavor Catalyst also participated. Through its software as a service solution (SaaS), […]

Credijusto ve oportunidad fintech en el mercado pyme

Ante la falta de atención financiera al sector de pequeñas y medianas empresas (pymes), hay entidades financieras que han visto un nicho de oportunidad en éste y por medio de tecnología han sabido identificar y atender las necesidades de este segmento. Una de estas instituciones es Credijusto, que de acuerdo con su fundador y director […]

Distinct Commercial Approaches for Scalable Impact: The Elevar Method and The Rise Fund’s journey

Impact capital has long been referred to as “patient capital” or assumed to have subsidized returns and, thus, institutional-minded investors have shied away from entering the space, depriving it of needed capital. This is changing with many more investors, including commercially minded investors, realizing the potential of the impact landscape. Partnerships such as those between […]

Shubham Housing raises Rs. 305 crore from PremjiInvest, Helion, Elevar

Shubham Housing Development Finance Co., which provides housing loans to families with informal incomes, has raised Rs.305 crore in a series D round of funding, a senior company executive said. The funding round was led by PremjiInvest, the family investment arm of Wipro chairman and billionaire Azim Premji, and also saw participation from existing investors […]

Samunnati raises Rs. 150 crore from responsAbility Investments, others

Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial services company (NBFC) focusing on loans to farmers and entities engaged in agriculture, on Tuesday said it raised Rs150 crore in a round led by responsAbility Investments AG, with participation from existing investors Accel Partners and Elevar Equity. responsAbility is a Zurich-headquartered social impact investment […]

Elevar Equity and Ignia make US$7M investment in Tienda Nube/Nuvem Shop

With e-commerce sales in Latin America expected to surpass the $50 billion dollar mark in 2017, Nuvem Shop (https://www.nuvemshop.com.br) has secured $7 million in series B funding to allow small and medium sized businesses to seize this opportunity. The company provides merchants with an omnichannel e-commerce platform. Using top notch technology, customers can sell their […]

Four former Bajaj Auto veterans form start up to finance used two wheelers

MUMBAI: The used-car industry, or its financing, isn’t foreign to a shortage economy. But for buyers of pre-owned motorcycles and scooters, India has never had an organized funding system – a gap in the market that four former Bajaj Auto executives are keen to fill. Led by the erstwhile president of Bajaj Auto’s motorcycle business […]

CreditMantri raises ₹51.4 crore in Series B

CreditMantri, which helps those seeking loans connect with lenders through its online platform, has raised ₹51.4 crore ($7.6 million) in a Series B round led by Accion Frontier Inclusion Fund, managed by Quona Capital, along with Newid Capital. Existing investors Elevar Equity, IDG Ventures and Accion Venture Lab participated in this round. It will use […]

Agri finance firm Samunnati raises ₹30 crore from Accel, others

Chennai-based NBFC Samunnati Financial Intermediation and Services Pvt Ltd, which is solely focused on financing agriculture, has raised $4.5 million (Rs. 30 crore) funding from Accel and other existing investors. Existing investors Elevar Equity and existing institutional shareholder Edelweiss Caps and serial entrepreneur R. Ramaraj also participated in the funding. Elevar had earlier invested $1.8 […]

India’s hostels for the upwardly mobile

If several hundred million Indians do migrate from the countryside to cities between now and 2050, as the UN expects, it will be a fiendishly busy few decades for Vivek Aher, who runs a low-cost hostel, one of five, on the outskirts of Pune, a well-off city three hours’ drive from Mumbai. A fair few […]

Ujjivan microfinance turns into small finance bank

Leading microfinance firm Ujjivan Financial Services Ltd on Monday announced commencing its operations as a Small Finance Bank here. Bangladeshi Nobel Laureate Muhammad Yunus, who was the chief guest on the occasion, unveiled five pilot branches of the bank across the city to provide full service offerings. The Reserve Bank of India (RBI) issued license […]

Farm Finance: How this Budget can give a push to rural credit, post-demonetisation

Just across the road from the sprawling, leafy campus of IIT-Madras lies the main office of Samunnati Financial Intermediation and Services on the first floor of a non-descript glass-fronted building. Led by Anil Kumar, an ex-banker with nearly 25 years of hands-on retail lending experience, it’s one of a handful of new-generation non-banking finance companies […]

Farm to Fork

Three months ago, Rajesh Kumar, a grocery shop owner in South Delhi’s Vasant Kunj, added a new line of business – perishables like fruits and vegetables. All he has done is reserve some space to display the fresh produce he gets from a city-based start-up, Sabziwala. to his doorstep. Whatever is unsold is taken back […]

Indifi Technologies Raises $10 Million in Series B Investment Round

Indifi Technologies, an enabler of micro, small, and medium enterprises (MSME) financing in India, announced today it has raised $10 million in a Series B investment round led by philanthropic investment firm Omidyar Network, established by the founder of eBay, Pierre Omidyar. Existing investors Accel Partners and Elevar Equity also participated in the round. Indifi […]

Vistaar Financial Services Pvt. Ltd. has appointed former SEBI Chief, Mr C.B. Bhave as Chairman & Director

Vistaar Financial Services Private Limited, a leading NBFC, focused on lending to small businesses primarily in rural and semi-urban areas, announced the appointment of Mr. C.B. Bhave as the Non-Executive Chairman and Independent Director of the Company with effect from November 17, 2016. Mr Bhave served as the Chairman of Securities and Exchange Board of […]

Ujjivan gets final RBI nod for small finance bank

KOLKATA: Ujjivan Financial Services said that it has received the final licence from Reserve Bank of India to start small finance bank. Ujjivan Managing Director Samit Ghosh said it is expected to begin the journey in the first quarter of 2017. Ujjivan belongs to the top three league of India’s microfinance sector. “This approval from […]

Afluenta comienza a ofrecer financiamiento colectivo en México

Afluenta, a financing company among people in Latin America, announces the beginning of its operations in Mexico. Since October 12, Mexicans can now invest and apply for a credit in a safe and simple way, without requiring a bank as an intermediary. A year after its launch in Peru, Afluenta continues its expansion in the […]

Skilling Health Care Managers

The Institute of Health Management Research (IIHMR) in Jaipur, now a university, may not be as popular as Indian Institute of Mangement-Ahmedabad (IIM-A) or IIM Calcutta (IIM-C), but it definitely beats the well-renowned B-Schools when it comes to talent placement in the healthcare industry. Interestingly, several premium B-Schools in South East Asia actually struggle to […]

Elevar Equity invests in Mexican SME lender credijusto

Elevar Equity, a human centered venture capital firm, announced its investment in Credijusto, a financial technology startup providing convenient, transparent and affordable financing to the underserved small and medium enterprise (SME) market in Mexico. Elevar Equity III LP invested in a convertible note, the proceeds of which will be used to build out and scale […]

Indifi Technologies, Suvidhaa Infoserve to empower retailers

Indifi Technologies, an enabler for SME funding in India, has partnered with Suvidhaa Infoserve, a service commerce platform, in a bid to assist retailers to get easy and seamless access to their working capital requirements.The first phase of this partnership will greatly benefit Suvidhaa’s 90,000+ channel partner base to manage operations better and enhance efficiency. […]

Shubham Housing Finance leads Digitization in Home Loans with Nucleus Software’s FinnOne Neo

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has announced that Shubham Housing Development Finance Company Ltd (SHDFC) has successfully completed the implementation of FinnOne Neo, the award winning loan life cycle management solution. Shubham is one of the first dedicated housing finance companies in India […]

Bank of Baroda, CreditMantri to launch first-of-kind lending program

Bank of Baroda has announced today that they are working with CreditMantri to launch a first of a kind credit product, wherein data from traditional and alternate data sources is used to help evaluate an applicant’s credit worthiness and make a credit risk decision. The business loan product has the ability to score the applicant […]

Indifi Technologies : Gets You a Loan For Your Business Within Minutes

There are 29.8 million enterprises in SME space. There is a total finance requirement of INR 32.5 trillion ($650 billion) in the MSME sector, which comprises of INR 26 trillion ($ 520 Billion) of debt demand and INR 6.5 trillion ($130 Billion) of equity demand. Indifi is a Gurgaon based platform for enabling debt-financing for […]

Indifi Expands loan portfolio through partnership with Edelweiss for SME Financing

With this association, Edelweiss Retail Finance will now extend lending to small businesses across multiple segments that Indifi operates across travel, transportation, e-commerce and hotels. MUMBAI: Indifi Technologies, an enabler for SME funding in India, has successfully expanded its partnership with Edelweiss Retail Finance, as a lender on its online lending platform. With this association, […]

CreditMantri ties up with Equifax for instant credit score

Chennai based credit facilitator CreditMantri on Thursday announced the launch of a new service that enables users to access their credit score and history in real-time, using tradeline credit data from global data and insights company Equifax . CreditMantri helps user’s build their credit profile, understand where they stand and unlock their credit potential. On […]

Ujjivan Fin Services IPO stages stellar show, subscribed 40.57x

NEW DEHI: The initial public offering (IPO) of Ujjivan Financial Services drew huge response, with the public issue receiving bids for 120.35 crore shares, which was 40.57 times the total issue size of 2.96 crore shares. On NSE, the quota for retail individual investors (RIIs) was subscribed 1.54 of the quota limit. The non-institutional investors […]

Poor credit score stopped your loan from going through? CreditMantri can help you set it right

If you grew up in a typical middle-class Indian home, then the notion of taking credit or a loan of any kind would have been severely frowned upon. It would be much later in life when you are looking for a loan to buy your dream house do you realise how this mindset could be […]

Varthana bags Rs 93 crore in Series B funding

BENGALURU: Varthana, a nonbanking finance company ( NBFC) that provides debt financing and solutions to private schools that enrol students from lowincome families, has secured Rs 93 crore ($14 million) in Series-B funds from a clutch of investors led by Kaizen Private Equity and Zephyr Peacock India. Steve Hardgrave CEO of Varthana said, existing investors […]

Indifi: giving lenders the comfort of smaller loans

Fintech enablers can help financial institutions find better customers Not all new businesses, even in India’s hot start-up age, are looking to be the next unicorn. Some aren’t looking for high risk large equity funding every few months or years; for them, large ticket funding announcements won’t be the regular fare. It’s why debt financing […]

Elevar Equity: Growing demand, growing companies and growing opportunities for impact at scale (podcast)

Here’s one way to tell the difference between an impact business model and the still-dominant version. Do they target low-income consumers, as indicated by pricing and cost assumptions? The impact businesses will be built to maximize affordability. High-quality, affordable products and services that meet the real needs of emerging middle-class consumers around the world means […]

IDB and Afluent sign agreement to impulse green loans

Afluenta, la primera y única red de Financiamiento Colaborativo de América Latina, anunció hoy la firma del convenio de cooperación técnica con el Fondo Multilateral de Inversiones (FOMIN) miembro del Grupo BID, para desarrollar un canal alternativo de financiamiento de iniciativas verdes, por intermedio de su plataforma de financiamiento colectivo (crowdlending). Durante los 24 meses […]

Elevar Equity exits Caja Rural Los Andes

Elevar Equity, a human centered venture capital firm, announced that it had fully divested its position in Peruvian finance company Caja Rural de Ahorro y Crédito los Andes S.A. through the sale of its stake to Creation Investments Capital Management, a private equity firm focused on financial services in emerging markets. Caja Rural Los Andes […]