Elevation Capital, a leading venture capital firm, announced that it’s going to offer India`s early-stage start-ups $ 670 million funds to help founders achieve their dreams.
Over the decades, the organization has invested nearly $ 2 billion in more than one hundred and fifty corporations in seven funds with thirteen early-level investments into unicorns. These encompass category leaders like Acko, FirstCry, Makemytrip, Meesho, NoBroker, Paytm, Sharechat, Spinny, Swiggy, Unacademy, Urban Company and Xpressbees. The portfolio spans sectors together with Consumer Internet, SaaS, FinTech, Consumer Brands, Edtech, Healthtech and Web3 / Crypto.
The VC firm stated in an assertion on Fund VIII that it might refocus on the Seed / Series A segment as its core. According to the organization, the tempo of funding is accelerating and has elevated 100% withinside the last year.
Elevation Capital has provided seed and early-stage capital to Indian start-ups and has been investing in India since 2002. The company is headed and co-managed by partners Ravi Adusumalli and Mukul Arora alongside its three managing directors, Mridul Arora, Deepak Gaur and Mayank Khanduja. Elevation Capital has offices in Bengaluru, Gurgaon and Salt Lake City.
