Elever Secures $1.1M Funding to Revolutionize Wealth-Tech

Elever has raised $1.1 million in funding from Brand Capital, India, with participation from CXOs of global companies, existing investors, and promoters.

Founded by Anshul Sharan, Karan Agarwal, Ramakrishnan Subramaniam, and Santosh R in 2020, Bengaluru

Elever is building a Sebi-registered company that follows a quantitative, rule-based approach, utilizing factor-driven strategies and tactical techniques to select stocks and determine investment weights.

This helps deliver risk-adjusted returns to individuals and family offices while reducing human bias.

The fresh capital will be used to grow its PMS business, boost brand visibility, and engage more with investors.

Elever’s proprietary algorithm picks stocks by tracking factors like momentum, low volatility, and dividend yield.

It also studies market conditions—bullish, bearish, or stable—and switches between factors as needed.