Elevation Capital led a $17.65m Series C round in Mahaveer Finance.

Elevation Capital, an early-stage venture capital firm, led a $17.65m Series C round in Mahaveer Finance, a company that provides financial services such as loans and credit facilities to individuals and businesses, with participation from First Bridge Capital and Banyantree Growth Capital. "With Elevation Capital's partnership and our existing investors' continued confidence, we are well-positioned to scale our proven business model across new geographies while maintaining the current credit approach that has delivered consistent profitability," Deepak Dugar, Mahaveer Finance CEO and Managing Director.