India, Aug. 11 -- Mumbai-based Presolv360 is raising funding from Elevation Capital, multiple people aware of the matter told Inc42 on the condition of anonymity.

"The round is almost closed, and Elevation Capital is leading the round," said a person aware of the matter to Inc42.

The round also saw participation from its existing investors, MGA Ventures, along with a host of angel investors.

While a questionnaire sent to Presolv360 didn't elicit any response till the time of publishing this story, Presolv360's MCA documents confirmed that the startup is raising INR 41 Cr ($4.7 Mn) in what seems to be its Series A round from Elevation Capital.

PreSolv, founded by Aman Kailash Sanghavi, Bhaven Tarunkumar Shah and Namita Vijay Shah in 20...