Elevation Capital

Stage focus

Real assets (RE/Infra)

Primary sector

Consumer Internet & Marketplaces

City

Bengaluru

HQ / office

Delhi-NCR: Unit No. 101A, First Floor, One Horizon Centre, Golf Course Rd, DLF Phase 5, Sector 43, Gurugram, Haryana 122002. Bengaluru: 9th Floor, Units 902-903, Campus 31, RMZ Ecoworld, Sarjapur-Marathahalli, Outer Ring Road, Bellandur, Bangalore 560103.

Fund registered

2002

Investments on record

215

Corpus (as reported)

~$3.5B AUM cumulative as of 2026 (updated from prior ~$2.6B). Most recent fund: a $400M LATE-STAGE fund raised in 2025 (backing companies like Urban Company and Spinny). Prior early-stage flagship: Fund VIII closed at $670M (April 2022); Fund VII was $400M (2020). Across ~20 years and 7+ funds the firm has deployed ~$2B+ into 150-215 companies.

Website

elevationcapital.com

LinkedIn

Profile ↗

Elevation Capital is one of India's leading early-stage venture capital firms, founded in 2002 by Ravi Adusumalli and originally operating as SAIF Partners India (SoftBank Asia Infrastructure Fund). It rebranded to Elevation Capital in October 2020 alongside the close of its $400M seventh fund. The firm is co-led by Co-Managing Partners Ravi Adusumalli and Mukul Arora, with partners including Mridul Arora, Vaas Bhaskar, Chirag Chadha, and Krishna Mehra. Primarily early-stage (seed/Series A/B) but added a $400M late-stage fund in 2025; AUM ~$3.5B as of 2026.

Early-stage (seed to Series A/B), with a newer dedicated late-stage fund (2025). Sectors per official site: consumer tech, consumer brands, fintech & financial services, enterprise AI, frontier tech, healthcare. Typical early-stage cheques ~$2M-$5M.

Seed and Series A focus; typical checks ~USD 2–5 Mn (early-stage)

As compiled from public sources — verify with the investor.

Registration category not stated — reported as “Major VC”

None found — Per TechCrunch, Elevation's (formerly SAIF Partners) LPs are predominantly U.S.-based nonprofits; no SIDBI/India govt LP identified.

Paytm; Swiggy; Meesho; Urban Company; FirstCry; ShareChat; NoBroker; Acko

~44 people incl. ~11 partners (Co-Managing Partners Ravi Adusumalli & Mukul Arora; MDs Mridul Arora, Deepak Gaur, Mayank Khanduja)

Multi-fund early-stage VC platform (formerly SAIF Partners); SEBI Category II AIF (trust) + offshore feeder funds; multi-fund (Funds I–VIII + late-stage vehicle)

What does Elevation Capital invest in?

Early-stage (seed to Series A/B), with a newer dedicated late-stage fund (2025). Sectors per official site: consumer tech, consumer brands, fintech & financial services, enterprise AI, frontier tech, healthcare. Typical early-stage cheques ~$2M-$5M.

What cheque size does Elevation Capital write?

As compiled from public sources: Seed and Series A focus; typical checks ~USD 2–5 Mn (early-stage)

How do I pitch Elevation Capital through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

Family office

2am VC

Pre-seed / Idea · Consumer Internet & Marketplaces · Bengaluru

Pre-seed to seed; ~USD 100K-1M initial cheques (instruments: iSafe, SAFE, convertible notes, priced rounds); 60% initial / 40% follow-onContact on file

Real estate fund

360 Rising Straits Capital Fund

Real assets (RE/Infra) · Web3 / Crypto · Gurugram

INR ~15-25 Cr (between INR 150 million and INR 250 million per deal, per press reports of the 360 Rising Straits AIF)Contact on file

Real estate fund

Accel India

Real assets (RE/Infra) · Consumer Internet & Marketplaces · Bengaluru

Seed through Series A (early-stage); cheque sizes scale from seed to growth across funds

VC fund (Cat II)

Adi Trust

Seed · Consumer Internet & Marketplaces · Bengaluru

Approx USD 0.86M avg per seed deal (Tracxn estimate); seed-stage focusContact on file

Real estate fund

Adventz Keventers Real Estate Trust

Real assets (RE/Infra) · Real estate & PropTech · New Delhi

Contact on file

Real estate fund

AGP INDUSTRIAL LOGISTICS AIF

Real assets (RE/Infra) · Infrastructure · Bengaluru

None disclosed (industrial/warehousing real-asset fund, not startup tickets)Contact on file

All Real assets (RE/Infra) investors →

• ⚑ Rebrand: formerly SAIF Partners India (SoftBank Asia Infrastructure Fund), rebranded to Elevation Capital in 2020. Name-collision risk: multiple unrelated entities share "Elevation" — U2/Bono-linked Elevation Partners (US), Elevation Capital Group (US private real estate), Elevation Capital Advisory/Partners LLC (US 13F filers), and a NZ-based "Elevation Capital." The intended target is the India VC at elevationcapital.com. Otherwise clean private VC. No personal/team emails on official site; third-party scrapers (ZoomInfo) show pattern guesses (m***@elevationcapital.com) — not used. NOTE corrected in this pass: record's "latest Fund VIII (2022)" was STALE — a $400M late-stage fund was raised in 2025 and AUM is now ~$3.5B (not $2.6B).

Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.elevationcapital.com; https://techcrunch.com/2020/10/19/saif-partners-rebrands-elevation-capital-400-million-india-fund/