What stage does Elevation Capital invest at?

Elevation Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.

What is Elevation Capital's typical check size?

Elevation Capital typically writes checks of $1.5M – $37M.

Where is Elevation Capital located?

Elevation Capital is headquartered in Gurugram, IN.

Does Elevation Capital lead rounds?

Elevation Capital typically participates in rounds rather than leading them.

Elevation Capital

Venture capitalActively deploying

Gurugram · Seed–Late Stage · 52 people tracked

Also known as Elevation Wealth Partners, Llc

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Investment thesis

Elevation Capital positions itself around partnering deeply with founders from day one, offering an experienced investment team with more than two decades of expertise and in-house domain leaders who support portfolio companies in scaling faster. The firm emphasizes a true partnership ethos, backing founders building audacious companies. Its research and insights highlight interest in technology and startup ecosystems, including AI adoption among Indian startups.

Invests inAdvanced Manufacturing AI & Machine Learning Consumer Crypto & Web3 Data & Infrastructure Deep Tech E-commerce EdTech Enterprise Software Fintech Healthtech Media & Entertainment SaaSAsia-PacificGurgaonGurugramIndiaPark CityUnited States

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$1.5M – $37M

Gurugram, CA, IN

Leads rounds

Follows

Instruments

Equity

Founded

2001

AUM

$4B

Tracked investments

127

Team · 52 people

from the firm's website & public directories

Chirag Chadha· Partner· Bengaluru, Karnataka, Indiain

Chirag Chadha is a partner focused on personal care, food and beverage, and auto/EV‑adjacent brands, blending an IIT Bombay engineering background with brand-building expertise, rapid promotion, and D2C retention insights.

c•••@elevationcapital.comreveal

K. Ganesh· Partner and Head of Corporate Development

Krishna Mehra· AI Partner

Krishna Mehra, an AI partner who co‑founded Capillary (IPO) and led engineering at Meta and Cohesity, leads AI investments, bridges India–Silicon Valley, publishes technical playbooks, and insists startups be AI‑first.

Mayank Khanduja· Partner

m•••@elevationcapital.comreveal

Mridul Arora· Partner· Indiain

Mridul Arora focuses on India's fintech sector, targets $350–400B by 2030, and uniquely underwrites at the household level—designing tailored products for blue-collar households informed by multi‑earner family cash flows.

m•••@elevationcapital.comreveal

Mukul Arora· Co-Managing Partner· Bengaluru, Karnataka, Indiain

Mukul Arora, a Midas Touch–recognized investor for real exits across cycles, is unusually visible in late‑stage Indian tech, with a $400M fund and holdings structure that stays invested through IPO.

m•••@elevationcapital.comreveal

Ramanuj Gopalan· Partner and General Counsel· Gurgaon, Haryana, Indiain

c•••@elevationcapital.comreveal

Ravi Adusumalli· Co-Managing Partner· Salt Lake City Metropolitan Areain

Ravi Adusumalli, an India‑focused VC with 20+ years, led a fund's shift from China‑India to India‑first, backed Paytm, Swiggy and Meesho, and stays with founders from seed to IPO.

r•••@elevationcapital.comreveal

Vaas Bhaskar· Partner· Indiain 𝕏

Vaas Bhaskar is a partner specializing in AI x financial services in India, speaking as a sector operator to banking executives about real-world AI deployment across banks, NBFCs and insurers.

v•••@elevationcapital.comreveal

Vaibhav Goel· Partner and CFO· Gurgaon, Haryana, Indiain

CFO at Elevation Capital with around two decades of finance experience, overseeing all fund-related finance matters. Previously worked at Macquarie and Genpact.

v•••@elevationcapital.comreveal

Amit Aggarwal· Principal

a•••@elevationcapital.comreveal

Ashray Iyengar· Principal· Bengaluru, Karnataka, Indiain

Ashray Iyengar pairs early founding experience at CRED and institutional VC exposure at Nexus with first-hand experience scaling a venture-backed fintech product, offering uncommon operator-investor insight in fintech and deeptech.

Manish Advani· Principal· Bengaluru, Karnataka, Indiain

Manish Advani is an early-stage consumer tech investor focused on education, future of work and commerce, who rose internally from Associate to Principal and offers low-profile, behind-the-scenes founder support.

m•••@elevationcapital.comreveal

Poorvi Vijay· Principal· United Statesin

Poorvi Vijay is a highly public-facing, practitioner-style investor who hosts on-camera AI podcast episodes, interviews founders about early product constraints, and frequently speaks and is cited on India’s AI ecosystem.

c•••@elevationcapital.comreveal

Vishap Rana· Principal· Bengaluru, Karnataka, Indiain

Promoted to Principal in just over a year, Vishap Rana (formerly at Eight Roads) is his firm's primary healthcare decision-maker for growth-stage delivery, device and health‑IT deals.

c•••@elevationcapital.comreveal

Deepak Gaur· Venture Partner· Gurgaon, Haryana, Indiain

Deepak Gaur spent nearly two decades building India-focused expertise, cultivating deep founder relationships, making few early category bets he doubles down to IPO, and championing disciplined fund-sizing that prioritizes returns.

d•••@elevationcapital.comreveal

Abhishek Sharma· Associate Vice President - Talent

Akash Sharma· Software Development Engineer

Akhil Andasu· Associate· Bengaluru, Karnataka, Indiain

c•••@elevationcapital.comreveal

Akshat Singh· Associate

Aman Himatsingka· Associate· Bengaluru, Karnataka, Indiain

c•••@elevationcapital.comreveal

Amrutha Jalihal· VP - Community & Partnerships

Ankur Jain· Director - Finance

Deepthi Kalimili· Content Lead

Dhruv Jain· Associate Vice President· San Francisco, California, United Statesin

c•••@elevationcapital.comreveal

Harsh Agrawal· CTO in Residence

Ishwar Prasad· Vice President· Bengaluru, Karnataka, Indiain

c•••@elevationcapital.comreveal

Kallan H· Director - Talent Acquisition

Kavita Mishra· Lead - Talent Specialist

Kshitij Jayakrishnan· Vice President

k•••@elevationcapital.comreveal

Lalit Marada· Senior Associate

c•••@elevationcapital.comreveal

Meenal Agarwal· Associate· Kolkata, West Bengal, Indiain

c•••@elevationcapital.comreveal

Pankaj Ghai· Director - Finance· Gurgaon, Haryana, Indiain

Pankaj Ghai is Director of Finance at Elevation Capital. He holds a Chartered Accountant designation and brings experience in financial reporting, analysis, fund accounting, management reporting, and statutory and tax audit functions.

c•••@elevationcapital.comreveal

Pranay Mehta· Associate

Prerna Gupta· Associate· Mumbai, Maharashtra, Indiain

c•••@elevationcapital.comreveal

Rozer Chanam· Lead - Talent Specialist

Sai Akshaya Ramaseshan· Vice President

Sanskar Jain· Senior Associate· San Francisco, California, United Statesin

Sanskar Jain is an investor at Elevation Capital and a Y Combinator founder who previously built a company from the ground up. He holds a B.Tech in Mechanical Engineering from IIT Bombay and served as a core group member of Mood Indigo, where he led a team of 30 for Asia's largest college cultural festival.

c•••@elevationcapital.comreveal

Shourya Sodhani· Senior Associate· Bengaluru, Karnataka, Indiain

Shourya Sodhani is a Senior Associate at Elevation Capital focused on healthcare investments. He previously worked as a healthcare investor at Eight Roads Ventures and as a consultant at Kearney, where he advised clients in natural resources, healthcare, and consumer goods on business transformation and growth strategy. He holds a degree in Mechanical Engineering from BITS Pilani.

c•••@elevationcapital.comreveal

Shreedhar Malpani· Associate

c•••@elevationcapital.comreveal

Shreelekha Singh· Content Manager

Shubham Gupta· Associate Vice President - Finance

Shweta Adhikari· Senior Legal Counsel· Bengaluru, Karnataka, Indiain

c•••@elevationcapital.comreveal

Siddhant Agarwal· Associate Vice President· Bengaluru, Karnataka, Indiain

c•••@elevationcapital.comreveal

Sourav Sahoo· Associate - Talent Specialist

Subham Mohanty· AI Engineer

Suchita Vyas· Legal Counsel

Sutikshan Mahajan· Associate Vice President - Finance

Taransh Sindhwani· Senior Associate· Bengaluru, Karnataka, Indiain

Taransh Sindhwani is a Senior Associate on the investment team at Elevation Capital, focusing on India's consumer-technology sector. He previously worked on product and growth at Urban Company and spent time at McKinsey, following undergraduate studies at IIT Delhi and an MBA from IIM Ahmedabad.

c•••@elevationcapital.comreveal

Vaibhav Chowdhury· Vice President· Bengaluru, Karnataka, Indiain

Vaibhav Chowdhury is a Vice President at Elevation Capital. He previously worked at Meesho and BCG, and holds degrees from IIM Calcutta and SRCC.

c•••@elevationcapital.comreveal

Vartika Bansal· AI Operations Partner· Indiain

Vartika Bansal is an AI Operations Partner at Elevation Capital. She has experience building and scaling technology-enabled businesses across consumer and enterprise segments, including founding ventures in community commerce and B2B products, and launching business verticals at Uber Eats and OYO. Her background includes work on solar project development across Asia and Africa, with expertise in product-led growth, go-to-market strategy, and India-global market expansion; she holds degrees from Stanford GSB and IIT Bombay.

c•••@elevationcapital.comreveal

Vitthal Dhingra· Associate Vice President - Talent

What they invest in

from 36 of 127 portfolio companies

AI & Machine Learning ×12Enterprise Software ×12Fintech ×11SaaS ×11E-commerce ×6B2B Marketplaces ×4Data & Infrastructure ×4Cloud Computing ×3

HQs:India×20United States×7France×1

Investments · 127 tracked

founders shown can be your intro path

Meeshomeesho.comin 𝕏NSE: MEESHO

Meesho operates an online marketplace that connects small businesses and individual entrepreneurs with customers across India, offering logistics, payments, and support services to help sellers manage their operations.

E-commerceEnterprise SoftwareBengaluru, IN

Vidit Aatrey(Founder/CEO)inSanjeev Barnwal(Founder/CTO)inSanjeev Kumar(Executive Officer, Director)Sumer Juneja(Director)Mohit Bhatnagar(Director)Ashutosh Sharma(Director)

Board seatMukul Arora· per SEC Form D

MakeMyTripNASDAQ: MMYT

Marketplace for travel services in India

Anaranar.biz𝕏✓ verified

Anar Business App was a B2B marketplace that connected small businesses, sellers, and buyers across India, facilitating business enquiries and product listings.

B2B Marketplaces

Nishank Jain(CEO and Co-founder)

Bachattbachatt.appin 𝕏✓ verified

Bachatt provides daily savings and financial services access to self-employed individuals in India.

FintechNot stated, IN

Anugrah Jain(Founder & CEO)inAnkur Jhavery(COO & Co-founder)inMayank Agarwal(CTO & Co-founder)in

Clearclear.inin 𝕏✓ verified

Clear is a SaaS platform that provides cloud-based financial software for GST compliance, tax filing, and invoicing for Indian businesses and individuals.

Cloud ComputingEnterprise SoftwareFintechSaaSBengaluru, IN

Archit Gupta(Founder/CEO)inSrivatsan Chari(Founder/Head of Product)inAnkit Solanki(Founder/CTO)in

ClearTaxcleartax.inin 𝕏✓ verified

ClearTax is a cloud-based SaaS platform that provides financial and tax management software for Indian businesses, tax professionals, and individuals.

Cloud ComputingFintechSaaSIndia, IN

Archit Gupta(CEO, Founder)inSrivatsan Chari(Co-founder)inAnkit Solanki(Co-founder)in

PierSight Spacepiersight.spacein 𝕏✓ verified

PierSight builds a constellation of Synthetic Aperture Radar (SAR) and Automatic Identification System (AIS) satellites to provide persistent maritime surveillance and monitoring for the shipping and maritime industry.

Climate TechData & InfrastructureSpace TechAhmedabad, IN

Gaurav Seth(Founder & CEO)VINIT KUMAR BANSAL(Secretary and Director)GAURAV S SETH(President and Director)

Journeyfrontjourneyfront.comin

American Fork, US

Daniel Ash(Executive Officer, Director)Chris Shelton(Director)Ravi Adusumalli(Director)Nick Lyon(Executive Officer, Director)Bart Skalla(Director)

Board seatRavi Adusumalli· per SEC Form D

SamparkSEC filingmedium confidence

San Francisco, US

Karan Vaidya(Executive Officer, Director)Soham Ganatra(Executive Officer, Director)

BoardManav Garg(Director)Raviraj Jain(Director)

Board seatPoorvi Vijay· per SEC Form D · $24.5M raise · filed Apr 2025

(IPO)swiggy.com

Ackoacko.com

ACKO is an insurtech company that provides car, corporate health, health, travel, and life insurance products in India through a direct-to-consumer technology platform.

Digital HealthFintechInsurTechMumbai, IN

Varun Dua(Founder)Vishwanath Ramarao(Co-Founder)Ruchi Deepak(Founder Emeritus)

Adoptadopt.aiin 𝕏

Adopt AI builds AI agents that automate workflows across existing enterprise software stacks including ERPs, CRMs, legacy systems, and internal tools without requiring code or system rebuilds.

AI & Machine LearningEnterprise SoftwareSaaS

Airblackairblack.co

AppsForBharat

India's largest devotional platform addressing underserved devotional and spiritual needs

Atlysatlys.com

Atlys provides visa application services with guaranteed delivery timelines, covering multiple visa types and countries with varying processing times and document requirements.

Travel & Hospitality

Axio

Aye Financeayefin.com

Belongbelonghome.comin

A platform enabling renters to become homeowners and property owners to generate passive income through residential real estate.

AI & Machine LearningPropTech

Bliss Clubblissclub.com𝕏

Blissclub designs and sells technical athletic apparel for women, focusing on functional and innovative performance clothing with premium stretch and comfort properties.

ConsumerDirect to ConsumerWellness & FitnessIndia, IN

Minu MargeretMinu Margaret

Book My Showbookmyshow.com

Brinebrine.fi𝕏

A cryptocurrency compliance and security platform focused on enabling secure and compliant operations in the crypto sector.

Crypto & Web3

Brite

California Burrito

Caseflood.aicaseflood.aiin 𝕏

Caseflood.ai provides intake software for high-end law firms, helping them manage client onboarding and case intake processes.

AI & Machine LearningEnterprise SoftwareLegalTechSan Francisco, US

Ethan Hilton(Founder)inTolen Schreid(Founder)in

Cashflo

Chaayoschaayos.com

Chaos Geniuschaosgenius.ioin 𝕏

Flexera provides cost optimization and FinOps management for Databricks deployments, offering visibility, allocation, and recommendations to reduce cloud data platform spending across AWS, Azure, and Google Cloud.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareFintechSaaSBengaluru, IN

Preeti Shrimal(Founder)in

CityMallcitymall.livein

Rashanbox Retail is an e-commerce company operating the CityMall platform, a retail marketplace.

E-commerceMarketplacesGurgaon, IN

Cometcomet.comin 𝕏

Comet builds infrastructure for developing, evaluating, and deploying AI applications in production.

AI & Machine LearningData & InfrastructureDeveloper ToolsNew York City, US

Gideon Mendels(CEO and Co-Founder)inNimrod Lahav(CTO and Co-founder)in

Country Delightcountrydelight.in

Country Delight is a fresh food delivery service that offers over 3000 products with next-day morning delivery in India.

E-commerceFoodTechLogistics & Supply Chain

Curelink

Detect Technologies

Advanced asset monitoring and inspection solutions

Dezerv

Drivetrain

Everstageeverstage.com

Everstage is a sales compensation and commissions management platform that lets Ops teams build and adjust commission plans, gives Finance an audit trail with ASC 606-ready reporting and accurate payout calculations, and lets sales reps forecast earnings from live pipeline.

FintechSaaSSales Tech

Factors Ai

Fampayfampay.inin 𝕏

FamApp by Trio is a financial education platform for Indian users that covers saving, spending, investing, and earning.

B2B MarketplacesConsumerEdTechFintechBengaluru, IN

Sambhav Jain(Founder)inKush Taneja(Founder)in

BoardMridul Arora(Director)

Fareye

Fashinzafashinza.com

First Cryfirstcry.comin 𝕏

FirstCry is an e-commerce platform that sells baby and maternal care products with same-day and next-day delivery options.

Direct to ConsumerE-commerce

Flecks Labs

FloBizflobiz.inin 𝕏

FloBiz builds voice, document processing, and agentic AI tools for small and medium businesses across India and the UAE.

AI & Machine LearningEnterprise SoftwareSaaSIndia, IN

Freeup

Frndfrnd.app

Gale

General Autonomy

Goodera

Green Fernseekho.inin 𝕏

Seekho is an educational platform that provides video courses teaching stock market basics and trading strategies to beginners in Hindi.

AI & Machine LearningEdTechMedia & EntertainmentUnknown, IN

Rohit(Founder & CEO)Keertay(Founder)Yash(Founder & CTO)

Greylabs Ai

Haber Water

High Street Essentials

Industrybuyingindustrybuying.comin 𝕏

Industrybuying is India's leading B2B e-commerce platform offering industrial and office supplies from over 8,000 global brands across 25 categories, serving over 1.5 million business customers.

B2B MarketplacesE-commerceEnterprise SoftwareIndia, IN

Infinyte Club

Ixigo

Jeh Aerospace

Jodojodo.inin 𝕏

Jodo provides installment payment solutions for school and coaching fees, allowing parents to convert education expenses into zero-interest monthly EMI options via UPI Autopay.

EdTechFintech

JustDial

The leading local search engine in India.

Liminal

Loop Healthloophealth.comin 𝕏

Loop Health provides healthcare services to address chronic disease management and primary care access in India, where a majority of the population lacks regular access to trusted doctors.

Digital HealthHealthtechInsurTechWellness & FitnessMH, IN

Ryan Singh(Founder)inMayank Kale(Founder)in

Mahaveer Finance

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Elevation Capital invest at?: Elevation Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Elevation Capital's typical check size?: Elevation Capital typically writes checks of $1.5M – $37M.
What sectors does Elevation Capital focus on?: Elevation Capital focuses on Advanced Manufacturing, AI & Machine Learning, Consumer, Crypto & Web3, Data & Infrastructure, Deep Tech, E-commerce, EdTech, Enterprise Software, Fintech, Healthtech, Media & Entertainment, SaaS.
Where is Elevation Capital located?: Elevation Capital is headquartered in Gurugram, IN.
Does Elevation Capital lead rounds?: Elevation Capital typically participates in rounds rather than leading them.

From the blog

visit blog ↗

Elevation Fund IX: For Audacious Founders Building an Unstoppable IndiaJul 2026Elevation Capital announced its $500 million Fund IX to invest in Indian founders pursuing AI opportunities in healthcare, education, financial services, global software categories, and deep-tech sectors that reshape infrastructure and defence systems across India and globally. India's 900 million online users, digital payment infrastructure, and technical talent position it to lead the next platf

Media · Podcasts & interviews

featuring the team

How To Think Like A Founder: The VC Guide | Mukul Arora, Elevation Capital

Elevation Capital · Mukul Arora

India Startup Outlook 2025 With Mukul Arora | Elevation Capital | CNBC-TV18

Elevation Capital · Mukul Arora

ET Startup Awards: Mukul Arora of Elevation Capital named one with the Midas Touch

The Economic Times · Mukul Arora

Elevation Capital’s Bullish On Consumer Sector | Mayank Khanduja & Chirag Chadha | Startup Central

ET NOW · Mayank Khanduja

Mukul Arora (Elevation Capital) shares his advice for Mesa's Founding Cohort !

Mesa School of Business · Mukul Arora

It was really inspiring to meet the Prime Minister, says Mukul Arora of Elevation Capital

Narendra Modi · Mukul Arora

Images

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