Elevate Campuses raises Rs 945 crore from anchor investors

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ET BureauLast Updated: Sep 23, 2026, 06:47:00 AM IST

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Mumbai's Elevate Campuses has completed a remarkable ₹945 crore fundraising round, attracting an array of anchor investors, including the prominent State Bank of India Mutual Fund. The initiative drew participation from 20 firms globally, with significant contributors like Norges from Norway. The full subscription of the anchor investors' segment showcases an increasing enthusiasm for the education sector among financial entities.

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Elevate Campuses raises Rs 945 crore from anchor investors<br>

Mumbai: Hillhouse-backed Elevate Campuses has raised ₹945 crore from anchor investors including State Bank of India Mutual Fund, Mirae Asset Management, Bandhan Mutual Fund, 360 One Asset Management and White Oak Capital Mutual Fund. Around 20 domestic and international investors participated in the anchor book, including Norges, the Norway Government Pension Fund Global, the firm said. The company's anchor investor portion was fully subscribed.

Read more: September sees biggest IPO rush in nearly 30 years as 30 mainboard issues raise Rs 38,785 crore

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