Active

Elevation Capital

Investor type

VC

Founded

2002

AUM

$900 M

Location

Gurugram, Haryana, India

Investment Ticket

$10-50 m

Investment Stage

Series A Seed Pre-seed Series B Late Stage (Series C+)

Region of investment

North America Asia
Investor profile last updated: 16 July, 2026

Profile

Elevation Capital is a venture capital firm based in India, founded in 2002. It focuses on early-stage investments and is known for backing companies that are building application-layer solutions in artificial intelligence. The firm prides itself on its deep domain expertise and its founder success team, which accelerates the entrepreneurial journey from 0-to-1. Elevation Capital aims to partner deeply with its portfolio companies and remains committed to India's growth potential.

The firm specializes in sectors including consumer tech, consumer brands, fintech & financial services, enterprise AI, frontier tech, and healthcare. It primarily invests in seed and Series A stages with check sizes typically ranging from $1-5 million. With a recently raised $500-million Fund IX and other funds under management, Elevation Capital has a total AUM of about $900 million.

Notable investments by Elevation Capital include Acko - an online insurance platform, Adopt AI - an AI company, Chaayos - a chai retail chain, Country Delight - fresh dairy startup, FirstCry - online baby product store, GreyLabs AI, Meesho - a social commerce platform, SUGAR Cosmetics, Scapia, SolarSquare, and Urban Company - a home services platform.

Industry

Healthcare Services Foodtech Food and Beverage Fintech Financial Services Edtech Education Consumer Services (B2C) Consumer Products Internet and Web Services SaaS Security Software Transportation AI Technology HealthTech Fashion/Beauty

Elevation Capital Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Elevation Capital Fund IV
Venture Capital (VC)
Education
Fashion/Beauty
Financial Services
Fintech
Food and Beverage
Foodtech
SaaS
Software
Transportation
Pre-seed
Seed
Asia
$5-10 m
$350 M
January 2011
Elevation Capital Fund V
Venture Capital (VC)
Fashion/Beauty
Financial Services
Fintech
Food and Beverage
Foodtech
SaaS
Security
Software
Transportation
Pre-seed
Seed
Asia
$5-10 m
$350 M
March 2015
Elevation Capital Fund VII
Venture Capital (VC)
Fashion/Beauty
Financial Services
Fintech
Food and Beverage
Foodtech
SaaS
Security
Software
Transportation
Pre-seed
Seed
Asia
$5-10 m
$400 M
October 2020
Elevation Holdings
Venture Capital (VC)
Fashion/Beauty
Financial Services
Fintech
Food and Beverage
Foodtech
SaaS
Security
Software
Transportation
Pre-seed
Seed
Asia
$5-10 m
$400 M
August 2025
Elevation Capital Fund IX
Venture Capital (VC)
Education
Financial Services
Healthcare Services
AI
Technology
Seed
Series A
Asia
$1-5 m
$500 M
July 2026

Contacts

Name
Title
Email
avatar
Mukul Arora Co-Managing Partner
Co-Managing Partner
m•••@•••
avatar
Kallan H Vice President
Vice President
k•••@•••
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Investment-team contacts for Elevation Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Elevation Capital

Elevation Capital is a venture capital firm. It backs companies at Series A, Seed, Pre-seed, Series B and Late Stage (Series C+), writing tickets of $10-50 m.
Elevation Capital is located in Gurugram, Haryana, India.
Elevation Capital was founded in 2002.
Elevation Capital invests in companies and startups in Healthcare Services, Foodtech, Food and Beverage, Fintech, Financial Services, Edtech, Education, Consumer Services (B2C), Consumer Products, Internet and Web Services, SaaS, Security, Software, Transportation, AI, Technology, HealthTech, Fashion/Beauty.
Elevation Capital invests in companies and startups in North America, Asia.
Elevation Capital invests in companies and startups at Series A, Seed, Pre-seed, Series B, Late Stage (Series C+).
Elevation Capital usually invests $10-50 m on average.
Elevation Capital has around $900m assets under management.
Elevation Capital last fund was created/launched in 2026-07-14
Elevation Capital can be reached through its website elevationcapital.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Elevation Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 July, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.