Elevar, a three-year-old sporting goods producer based in Mumbai, has raised INR190,000,000 (€2.2m-$2.6m) in a Series A funding round led by a venture capital firm, Kalaari Capital. Dream Sports also participated in the fundraising. Elevar is expected to use the funding to expand its product portfolio, increase its marketing efforts and hire new staff. The Indian company, launched in 2018 by Kunal Joshi and Aayush Tapuriah, currently focuses on the two product categories of running shoes and cricket bats.

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