Elevation Capital

Elevation Capital stands as one of India's leading early-stage venture capital firms, known for its dedication to collaborating with visionary founders from the onset of their entrepreneurial ventures. Based in Gurgaon and with a significant presence in Bengaluru, Elevation Capital has been investing in India since 2001 and currently oversees more than $2.6 billion in assets.

Investment Philosophy

The mantra of Elevation Capital is “Built for the Audacious.” The firm believes in supporting bold founders from the earliest stages and takes pride in being a long-term partner, aiding startups through every phase of growth. Their focus covers a broad spectrum of sectors, including consumer internet, enterprise software, fintech, healthtech, media, and gaming, reflecting their belief in India’s digital transformation and the ambition of its entrepreneurs.

Track Record & Portfolio

With over 310 investments and 35 successful exits, Elevation Capital has been instrumental in shaping India’s startup landscape. Noteworthy investments include Swiggy, FirstCry, Paytm, Meesho, NoBroker, ShareChat, and Unacademy—many of which have become industry leaders and household names. Recent exits, such as Swiggy’s IPO and the acquisition of axio, demonstrate the firm’s capability to identify and cultivate category-defining companies.

Recent Activity & Sectors

Elevation Capital remains at the forefront of emerging trends. In fintech, for instance, the firm has expanded beyond lending to support startups in payments, wealth management, insurance, and BFSI SaaS, with recent collaborations including Belong, ZFunds, Skydo, Scapia, and Zopper. The firm is also actively investing in India’s thriving gaming industry, backing studios, developer infrastructure, and gamer engagement platforms.

Leadership & Recognition

Elevation Capital’s leadership team directs the firm’s strategic vision and governance, ensuring alignment with its core values of shared value and impact. The firm has received recognition for its exceptional exit performance, winning the ‘Best Exit Performance of the Year’ award in the Domestic Venture Capital category at the IVCA Alternate Capital Excellence Awards in both 2024 and 2025.

As Elevation Capital nears 25 years of investing in India, its belief in the country’s innovation narrative has never been stronger. With a legacy of building enduring institutions and a pipeline of bold founders, Elevation Capital continues to be a cornerstone of India’s venture capital ecosystem—empowering the next generation of category-defining companies.