Elevation Capital’s $670 mn VC fund targets early-stage startups

Venture capital firm Elevation Capital announced its eighth $670 million fund for early-stage startups in India.
VC funding for techElevation Capital has invested almost $2 billion of capital in over 150 companies across seven funds, with 13 early-stage investments becoming unicorns.

Elevation Capital’s VC funding generated leaders such as Acko, FirstCry, Makemytrip, Meesho, NoBroker, Paytm, Sharechat, Spinny, Swiggy, Unacademy, Urban Company, Xpressbees and several others.

Elevation Capital’s $670 million Fund VIII will focus on the seed/Series A stage as its core.

Elevation Capital has to date invested in over 150 companies across consumer internet, SaaS, fintech, consumer brands, edtech, healthtech and Web3/Crypto. It has offices in Bengaluru, Gurugram and Salt Lake City in the US.

Elevation Capital is led by co-managing partners Ravi Adusumalli and Mukul Arora, along with three managing directors Mridul Arora, Deepak Gaur and Mayank Khanduja.

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