Elevation Capital Fund IX

Elevation Capital

Status

ACTIVE

Global HQ

Gurugram, India

Countries of investment

India
United States

Investment stages

Seed
Series A
Series B
Series C
Growth

Industries

Consumer Internet
Financial Services
SaaS
EdTech
HealthTech
Digital Commerce
AgTech
Web3
D2C
Enterprise Software
Fintech

About
Elevation Capital is a Gurugram-based venture capital firm focused on backing Indian technology founders at every stage. Their focus spans consumer internet, financial services, SaaS, edtech, and healthtech across India and the United States. The firm supports Indian tech founders from seed through growth stages.

Min check size: $1M
Max check size: $15M
Fund size: Unlock
NPS: Unlock

Investment Thesis

Elevation Capital is a seed to growth stage venture capital firm deploying capital across consumer internet, financial services, SaaS, edtech, healthtech, digital commerce, agritech, and Web3 sectors. They invest $500K to $50M in Indian technology companies at every stage of their growth journey. The firm differentiates itself as one of India's oldest and most active VC firms with over $3B AUM across nine funds since inception, backing 175+ companies including Paytm, Meesho, Swiggy, Urban Company, and Spinny.

Lead investor: Unlock
Co Invest: Unlock
Number of exits: Unlock
Preferred contact method: Unlock

Manager's Experience

Founded in 2002 originally as SAIF Partners India before rebranding to Elevation Capital in 2020, led by Ravi Adusumalli (Managing Partner) who has been with the firm since 2005 and previously worked at SAIF Partners. Investment team includes Deepak Gaur (Managing Director), Mridul Arora (Partner), Mayank Khanduja (Partner), Rajarshi Chatterjee (Partner), Mukul Arora (Partner), and Vaas Bhaskar (Partner). Manages over $3B AUM across nine funds since 2002, including recent Fund IX at $670M. Backed by international institutional LPs, sovereign wealth funds, endowments, and family offices. Portfolio includes 175+ Indian technology companies with 15+ unicorns including Paytm (IPO), Meesho, Swiggy, Urban Company, Spinny, ShareChat, Servify, Vedantu, TrulyMadly, and BlackBuck.