Angel Investments
Portfolio mgmt co. Elever raises $1.1 M
Bengaluru-based portfolio management firm Elever has raised USD 1.1 million in a funding round from Brand Capital, the investment arm of The Times of India Group, along with CXOs of global companies, existing investors, and promoters.Founded in 2020 by Anshul Sharan, Karan Aggarwal, Ram Subramaniam, and Santosh R, Elever uses a quantitative, rule-based approach that leverages factor-driven portfolio strategies and tactical methods to select stocks and allocate investment weightage. This approach aims to deliver risk-adjusted returns to individual investors and family offices while minimising human bias. It currently manages assets worth around INR 37 crore.Elever plans to deploy the capital to scale its PMS business, strengthen brand presence, and deepen investor engagement.
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