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Investment App Elever Raises Pre-Seed Funding Of $750K

The Bangalore-based start-up has been founded by Anshul Sharan, Ram Subramaniam, and Santosh Aiyar, bound by a singular passion to level the playing field for managing money and achieving lifestyle goals

Elever, the goal-based investing app that aims to help every single person achieve their lifestyle goals, has raised funds of USD 750k from a group of 19 Angel Investors, including Massimo Vita (Executive Director - Asia Impact SG), Udaya Kumar (MD & CEO – CreditAccess Grameen), and Seetharaman Babu (Regional Engineering Director in a Multinational OEM in Automation Industry).

Commenting on the fundraise, Anshul Sharan, Co-Founder & CEO – Elever, said, "We strongly believe that every person – irrespective of their financial status and understanding – has the right to improve their lifestyle by investing and achieving their goals. However, the majority of the people in India, especially non-HNIs, do not get the right, unbiased and affordable service. We are bringing an artificial intelligence-driven platform to bridge this gap in a simple and affordable manner. The funds raised will help validate product-market fit and build our team. We are lucky to have investors who believe in our vision and also have a long-term perspective."

"I have invested in Elever for two main reasons. First, Elever's purpose and vision to make it simple and affordable to invest directly in market securities for non-HNIs is very inspiring and makes a great business case. Second, I have a strong trust and deep respect for Anshul, one of the promoters, as a person and as a professional, having collaborated with him for many years. I am sure that promoters, thanks to their experience and skills, will be able to make their vision come to life, so impacting the lives of millions!" – Massimo Vita, Executive Director - Asia Impact SG, also added.

The Bangalore-based start-up has been founded by Anshul Sharan, Ram Subramaniam, and Santosh Aiyar, bound by a singular passion to level the playing field for managing money and achieving lifestyle goals.

Elever is a goal-based investing app fully personalized to elevate customers' financial health and achieve their financial goals. Elever does it through a unique investing process called "Systematic Lifestyle Planning," which recommends, manages, and tracks tailor-made diversified portfolios to achieve customers' financial goals. Elever is powered by an artificial intelligence-driven platform that uses more than 6 million data points over 15 years to marry customers' present financial situation with their future goals.


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investment app Elever Pre-seed funding

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