Our Equity
For Equity
In the World

Investment Thesis

Elevar Equity fuels the economic resilience and vibrancy of Entrepreneurial Households, and the communities they live in. We do this by investing early growth capital in entrepreneurs building at the intersection of inclusivity, affordability and massive scale.




Entrepreneurs
Coverfox
Invested 2025
Coverfox

India’s insurance gap leaves millions of Entrepreneurial Households exposed to health emergencies and accidents that can erase years of financial progress. A lack of trust, complex products, and high distribution costs keep coverage out of reach. Coverfox tackles this through a tech-led B2B2C platform built on a distribution-as-a-service model, partnering with financial institutions that already have deep last-mile reach. By co-creating products around real risks, such as snake-bite cover, and delivering them through partners these households already trust, Coverfox turns insurance into protection these families genuinely use, building lasting financial resilience.

CureBay
Invested 2022

For 900 million rural Indians, quality primary healthcare remains out of reach, as insurance penetration stays below 1% and public infrastructure is stretched thin. Families routinely postpone doctor visits to protect their daily income, allowing manageable conditions to worsen silently over time. CureBay addresses this trade-off through a network of tech-enabled eClinics in remote communities, combining virtual specialist consultations, local diagnostics, and medicine procurement under one roof. For the Entrepreneurial Household, it delivers quality care locally, keeping health outcomes, vital daily income, and dignity intact.

Nuvemshop
Invested 2017

Nuvemshop allows micro, small and medium enterprises (MSMEs) in Latin America to access new sale channels by enabling the setup, management, and promotion of their online business easily and from any device, thus increasing their productivity and sales.

MSMEs in Argentina and Brazil account for >99% of enterprises and >64% of employment, and are concentrated in the commerce and services sectors.

CASE STUDY

Nuvemshop – accelerating the digital transformation of MSMEs in Latin America