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Elevation Capital

INSGUSConsumerFintechB2B SaaSAI/MLHealthtechMarketplacesEnterpriseClimateDeep Tech

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Investment thesis

Elevation Capital is an early-stage venture capital firm focused on partnering with audacious founders in India from Day One. With over 20 years of experience and $2.6B+ in AUM across eight funds, the firm invests primarily at Seed and Series A in Consumer Tech, Fintech & Financial Services, Enterprise AI, Consumer Brands, Healthcare, and Frontier Tech — backing transformative businesses that define and lead their categories. Its partnership ethos is rooted in three principles: 'From Day One' (never too early to engage), 'One of One' (no competing investments within a sector), and 'All In' (deep, long-lasting commitment to every founder). The firm also operates Elevation Holdings, a $400M permanent capital vehicle dedicated to supporting technology founders seeking to go public in India.

Notable quotes

As the Founder of Elevation, my goal is to help create an institution that is the founder's preferred partner in India for decades to come. We want to give every founder we partner with an unfair advantage.

Ravi Adusumalli · https://elevationcapital.com/team/ravi-adusumalli

Founders are superheroes, and getting to partner with them is a privilege. I believe that the most enduring and valuable companies are built by founders who are really customer-obsessed.

Mukul Arora · https://elevationcapital.com/team/mukul-arora

Early-stage investing is where we have found our ikigai — the perfect intersection of our capabilities, passion, and the needs of the founder ecosystem. As a result, our investment pace has been accelerating and went up by 100%, just in the past 12 months.

Elevation Capital · https://elevationcapital.com/investing-in-india · 2022

Recent investments

CompanyRoundSizeDate
SwiggySeed2015
MeeshoSeries A2017
PaytmSeries A2010
SpinnySeries A2019
AckoSeed2017
ShareChatSeed2015
NoBrokerSeed2014
SprintoSeries A2022
NanonetsSeries B$29m2024-03-12
SolarSquareSeries C$10m2026-06-16

Frequent co-investors

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