Fundraising Fox

Elevation Capital

Venture capitalActively deployingoperating company · company profile

Gurugram · Seed–Late Stage · 53 people tracked

Also known as Elevation Wealth Partners, Llc

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Investment thesis

Elevation Capital is concentrating its $500M Fund IX on Indian founders it believes are positioned to capitalize on the AI platform shift. The firm sees three converging opportunities: going deeper into underserved domestic needs (healthcare, education, financial services) built on India's digital public infrastructure; building AI-native global category leaders from India's strong engineering base; and tackling capital-intensive deep-tech problems like space, defense, and robotics. It focuses sharply on Seed and Series A, emphasizing deep domain expertise on boards and long-term partnership, and complements early investing with Elevation Holdings, a $400M late-stage vehicle.

Source: firm website, verified Aug 27, 2026.

Stage
Seed–Late Stage
Check
$1.5M – $37M
HQ
Gurugram, CA, IN
Leads rounds
Follows
Instruments
Equity
Founded
2001
Last 12 months
10 investments
AUM
$500M
Tracked investments
143

Team · 53 people

from the firm's website & public directories
K. Ganesh· Partner and Head of Corporate Developmentin
Akash Sharma· Software Development Engineerin
Akhil Andasu· Associatein
Akshat Singh· Associate
Aman Himatsingka· Associatein
Amrutha Jalihal· VP - Community & Partnershipsin
Ankur Jain· Director - Financein
Deepthi Kalimili· Content Lead
Dhruv Jain· Associate Vice Presidentin𝕏
Eshika Kothari· Associate - Corporate Development
Harsh Agrawal· CTO in Residencein
Ishwar Prasad· Vice Presidentin
Kallan H· Director - Talent Acquisitionin
Meenal Agarwal· Associatein
Pranay Mehta· Associatein
Prerna Gupta· Associatein
Sai Akshaya Ramaseshan· Vice President
Shreelekha Singh· Content Managerin
Shweta Adhikari· Senior Legal Counselin
Siddhant Agarwal· Associate Vice Presidentin
Sourav Sahoo· Associate - Talent Specialistin
Subham Mohanty· AI Engineerin
Sutikshan Mahajan· Associate Vice President - Financein

Founder mafia

3 people who came through Elevation Capital went on to found or lead other companies.

What they invest in

from 77 of 143 portfolio companies

SaaS ×31AI & Machine Learning ×25Fintech ×25Enterprise Software ×18Consumer ×11B2B Marketplaces ×7E-commerce ×7Marketplaces ×7

HQs:India×40United States×13France×2New Zealand×1

Who they back

founder profiles across 50 portfolio companies
42%
solo founders
21 of 50 mapped founding teams
53%
repeat founders
of 64 founders with career history

Founding team size:solo founder×212 founders×133 founders×144+ founders×2

Where their founders studiedfrom 57 founders with education data

Indian Institute of Technology, Delhi ×9Indian Institute of Technology, Bombay ×6Indian Institute of Technology, Kharagpur ×6Indian Institute of Management Ahmedabad ×4Indian Institute of Technology Kanpur ×3Indian School of Business ×3Birla Institute of Technology and Science, Pilani ×2Carnegie Mellon University ×2

Where their founders worked beforefrom 64 founders with career history

Goldman Sachs ×5McKinsey & Company ×4Barclays ×3Sprinklr ×36sense ×2Cognizant ×2Freshworks ×2IBM ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×6

1 founders hold a PhD · 14 hold an MBA (of 64 with degree data)

Investments · 143 tracked

founders shown can be your intro path

By year:2026 · 62025 · 112024 · 72023 · 62021 · 32017 · 134 dated

Meeshomeesho.comin𝕏NSE: MEESHOApr 2021

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)Jatin Mazalcar(Executive Officer)

BoardSumer Juneja(Director)Mohit Bhatnagar(Director)in

Board seatMukul Arora· per SEC Form D

Co-investorsB Capital GroupB4 CapitalGood CapitalInvestopadLeo Capital VenturesPeak XV Partners+15 more

MakeMyTripNASDAQ: MMYT

Marketplace for travel services in India

Co-investorsGabriel Venture PartnersMayfield Fund

Anaranar.biz✓ 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)

Co-investorsTitan CapitalAccelAll In CapitalFirst ChequeUpsparks CapitalAccel India+1 more

Bachattbachatt.appin𝕏✓ 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)inHarsh Singhal(Founder)

Co-investorsAccelSequoia CapitalLightspeed Venture PartnersNewRadioVenture

Clearclear.inin𝕏✓ 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(CEO, Founder)inSrivatsan Chari(Co-founder)inAnkit Solanki(Co-founder)in

Co-investorsY CombinatorSequoia Capital

ClearTaxcleartax.inin𝕏✓ 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

Co-investorsSequoia CapitalY CombinatorFundersClubPeak XV Partners

PierSight Spacepiersight.spacein𝕏Dec 2023✓ 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 & InfrastructureIoTSpace TechAhmedabad, IN

Gaurav Seth(Founder & CEO)inVINIT KUMAR BANSAL(Secretary and Director)GAURAV S SETH(President and Director)Vinit Bansal(Founder)in

Co-investorsTechstarsAll In CapitalAlpha Wave Globalboundless venturesPrana Tech Ventures

Journeyfrontjourneyfront.cominDec 2021

Journeyfront is an applicant tracking system for high-volume hiring that unifies sourcing, screening, assessments, interview scheduling, offers, and analytics in one platform.

AI & Machine LearningHR TechSaaSAmerican Fork, US

Nick Lyon(Executive Officer, Director)Daniel Ash(Executive Officer, Director)

BoardChris Shelton(Director)Bart Skalla(Director)

Board seatRavi Adusumalli· per SEC Form D

Co-investorsConnetic VenturesTamarak Capital

SamparkMar 2025SEC filingmedium confidence

San Francisco, US

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

BoardManav Garg(Director)inRaviraj Jain(Director)in

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

Co-investorsLightspeed Venture PartnersTogether Fund

Ackoacko.comin𝕏

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)in

Co-investorsAccelGeneral AtlanticLightspeed Venture PartnersNuVenturesRPS VenturesTranspose Platform Management+3 more

Adoptadopt.aiin𝕏

Adopt AI provides no-code AI agents that operate a company's existing software—modern SaaS, legacy apps, and internal tools—to automate operational workflows such as data entry, cross-system reconciliation, and document extraction.

AI & Machine LearningEnterprise SoftwareSaaS

Deepak Anchala(Co-Founder & CEO)inRahul Bhattacharya(Co-Founder & CTO)inAnirudh Badam(Co-Founder & Chief AI Officer)in

Co-investorsPowerhouse VenturesFoster Ventures

Airblackairblack.coinDec 2023

Airblack is an outcome-focused online skilling platform that trains people to earn a livelihood through hands-on courses.

Creator EconomyEdTech

Videt Jaiswal(Founder)inVaibhav Raj Gupta(Founder)in

Co-investorsBetter CapitalInfo Edge VenturesMars Shot VenturesVibe CapitalBlume VenturesInfo Edge

AppsForBharat

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

Co-investorsFundamentumiSeedMSA NovoTDV Partners

Atlysatlys.comMar 2026 · $12M

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

Travel & Hospitality

Co-investorsAndreessen HorowitzMantis CapitalPeak XV PartnersLong Journey VenturesSouth Park CommonsWEEKEND

Axio
Basecampbasecamp-research.comin𝕏

A new type of biodiscovery, discovering and harnessing nature's most valuable proteins

Oliver Vince(Founder)inGlen Gowers(Founder)

Co-investorsBlue Horizon CorporationHummingbird VenturesNVenturesS32Section 32Systemiq Capital+5 more

Belongbelonghome.comin𝕏Jul 2025

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

AI & Machine LearningPropTech

Co-investorsAndreessen HorowitzBattery VenturesFifth WallNotable CapitalJ17 CapitalBackwards Capital+3 more

Bliss Clubblissclub.comin𝕏

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 Margeret(Founder)inMinu MargaretMinu Bitch Margeret(Founder)in

Co-investorsEight Roads VenturesStride Ventures

Book My Showbookmyshow.comin𝕏

BookMyShow is an online ticketing platform for booking movies, live events, plays, sports, and activities.

ConsumerMarketplacesMedia & Entertainment

Ashish Hemrajani(Founder)inRajesh Balpande(Founder)in

Co-investorsAccelJungle Ventures

Brinebrine.fi𝕏Sep 2023 · $16.5M

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

Crypto & Web3

Co-investorsPantera CapitalGoodwater CapitalStarkware

Brite
California Burrito
Caseflood.aicaseflood.aiin

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

Co-investorsTranspose Platform ManagementValia VenturesY CombinatorAmino CapitalRebel Fund

Cashflo
CashFlocashflo.ioin

CashFlo is a financial automation platform that handles accounts payable automation, vendor management, invoice reconciliation, and dealer financing, using OCR, multi-way matching, and machine learning to process invoices and maintain GST compliance.

AI & Machine LearningFintechSaaS

Dushyant Agarwal(Founder)inAnkur B.(Founder)in

Co-investorsGeneral Catalyst

Chaayoschaayos.com

Nitin Saluja(Founder)in

Co-investorsAlpha Wave GlobalThink Investments

Chaos Geniuschaosgenius.ioin𝕏Acquired

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

Co-investorsY Combinator

CityMallcitymall.livein

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

E-commerceMarketplacesGurgaon, IN

Co-investorsAccelJungle VenturesNorwest Venture PartnersWaterBridge Ventures

Clubclub.fans𝕏Aug 2024 · $3.6M

Luvi offers a memberships product that lets creators sell monthly subscriptions with tiered pricing, giving fans exclusive access to content and perks while creators earn recurring revenue.

ConsumerCreator EconomyFintechSaaSSocial

Co-investorsKima VenturesNFX

Cometcomet.comin𝕏Jul 2024

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

Co-investorsGiTV, Inc.OpenView Venture PartnersTechstarsScale Venture Partners

Cometcomet.coinJul 2024

Comet operates a marketplace platform connecting companies with vetted independent consultants and freelancers in technology fields such as AI, data, and cybersecurity, using a matching algorithm combined with human support.

B2B MarketplacesFuture of WorkHR TechParis, FR

Laurent Potel(CEO & Chairman)

Co-investorsBridge to GrowthDaphniSalica Investments

Composiocomposio.devin𝕏

Composio provides a developer platform that gives AI agents and autonomous systems access to over 1,000 third-party tools with managed authentication, sandboxed execution, and intelligent tool selection.

AI & Machine LearningDeveloper ToolsSaaS

Karan Vaidya(Founder)inSoham Ganatra (Hiring)(Founder)in

Co-investorsBlitzscaling VenturesLightspeed Venture PartnersTogether Fund

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

Nitin Kaushal(Founder)in

Co-investorsTrifecta Capital AdvisorsZ47

Curelinkcure.link

Curelink is an applied AI lab focused on chronic care, developing technology intended to make continuous, adaptive care widely accessible.

AI & Machine LearningDigital HealthHealthtechGurgaon, IN

Aman Singla(Founder)

Detect Technologies

Advanced asset monitoring and inspection solutions

Co-investorsStride Ventures

Dezervdezerv.in

Sandeep Jethwani(Founder)in

Co-investorsAccelPremji InvestSnowflake VenturesWhiteboard CapitalZ47

Drivetraindrivetrain.aiin𝕏

Drivetrain provides driver-based financial planning software that lets finance and revenue teams model revenue, run scenarios, and forecast without spreadsheets or consultants.

AI & Machine LearningEnterprise SoftwareFintechSaaSNew York City, US

Tarkeshwar Thakur(CTO & Co-founder)inAlok Goel(CEO & Co-founder)Saurav Bhagat(Head of Product & Co-founder)

Co-investorsFoster VenturesJungle VenturesVenture Highway

Drivetrain
Everstageeverstage.comin𝕏

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

Siva Rajamani(Founder)

Co-investors3one4 CapitaliSeed

Factorsfactors.aiin𝕏Jul 2023 · $3.6M

Factors.ai is an account-based marketing (ABM) platform that consolidates intent and engagement data and uses AI agents to identify buying accounts, score them by real engagement signals, launch ad campaigns, and attribute revenue.

AI & Machine LearningMarketing TechSaaSStamford, US

Aravind Murthy(Founder)inPraveen Das(Founder)Srikrishna Swaminathan(Founder)

Co-investorsEMERGENT VENTURESStellaris Venture Advisors 2 Llp

FamPayfampay.inin𝕏Jun 2021

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)in

Co-investorsRocketship.vcY CombinatorSequoia Capital

Fareyefareye.comin𝕏

FarEye is an AI-powered last-mile delivery and logistics management platform for enterprise-scale operations, offering dynamic routing, delivery tracking, fulfillment optimization, and flexible delivery network management.

AI & Machine LearningLogistics & Supply ChainSaaS

Kushal Nahata(Founder)inGaurav Srivastava(Founder)inGautam Kumar(Founder)in

Co-investorsM12 (Microsoft's Venture Fund)

Fashinzafashinza.comin𝕏

Fashinza is a B2B apparel sourcing and production management platform that connects fashion brands with vetted garment suppliers and manufacturers.

Advanced ManufacturingAI & Machine LearningB2B MarketplacesGurugram, IN

Abhishek Sharma(Founder)in

Co-investorsAccelAll In CapitalFirst ChequeFundamentumLiquidity CapitalTrifecta Capital Advisors

First Cryfirstcry.comin𝕏

FirstCry (Brainbees Solutions Limited) is a multi-channel retailer of products for mothers, babies, and kids, selling third-party, global, and its own home brands through an online platform, company-owned and franchisee stores, and general trade distribution.

ConsumerDirect to ConsumerE-commerceRetail TechPune, IN

Co-investorsChrysCapitalNew Enterprise Associates (NEA)Premji InvestSoftBank Vision FundThink InvestmentsVertex Ventures Sea Management Pte. Ltd.

Flecks Labs
FloBizflobiz.inin𝕏

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

AI & Machine LearningEnterprise SoftwareSaaSIndia, IN

Rakesh Yadav(Founder)in

Co-investorsiSeedPeak XV PartnersThink Investments

Freeup
Frndfrnd.app

Co-investorsCapria Ventures

Gale
General Autonomy
Gooderagoodera.comin𝕏

Goodera runs curated corporate volunteering programs, offering in-person, virtual, and hybrid events for companies to engage employees while supporting nonprofits.

Future of WorkImpact & Social GoodSaaS

Co-investorsVARSHA RAONexus Venture PartnersOmidyar Network IndiaZoom Ventures

Greylabs Ai
Haber Water
High Street Essentials
Industrybuyingindustrybuying.comin𝕏

IndustryBuying is a B2B e-commerce platform for procurement of industrial, MRO, and office supplies, offering over 1 million products from 8,000+ brands across 25+ categories to business customers in India.

Advanced ManufacturingB2B MarketplacesE-commerceEnterprise SoftwareIndia, IN

Swati Gupta(Founder)in

Co-investorsKalaari CapitalTrifecta Capital Advisors

Infinyte Club
Ixigoixigo.comin𝕏

Rajnish Kumar(Founder)in

Co-investorsPeak XV PartnersTrifecta Capital Advisors

Jeh Aerospace
Jodojodo.inin𝕏

Jodo provides fee collection software for educational institutions in India, offering automation and affordability features to schools, colleges, universities, ed-tech platforms, and coaching centers.

EdTechFintechSaaS

Atulya T. Bhat(Co-founder)Raghav Nagarajan(Co-founder)inKoustav Dey(Co-founder)in

Co-investorsRainmatterZ47

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.

Exits · 2

IPOs and acquisitions across the tracked portfolio

MeeshoNSE: MEESHOMakeMyTripNASDAQ: MMYT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Elevation Capital made?
Elevation Capital has 127 tracked investments, 1 of which have exited via acquisition or IPO, including 8 dated in the last 24 months.
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, Defense Tech, E-commerce, EdTech, Enterprise Software, Fintech, Healthtech, Marketplaces, Media & Entertainment, Robotics, SaaS, Space Tech.
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.
Who does Elevation Capital co-invest with?
Elevation Capital most often shares deals with Accel, Trifecta Capital Advisors, Z47, among 141 tracked co-investors.

From the blog

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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

Elevation Capital photoElevation Capital photo

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