Elevation Capital

Elevation Capital is an early-stage venture capital firm based in Gurgaon, India. The firm manages the SAIF Partners India Fund, which focuses on investing in a diverse range of sectors, including consumer products, software, media, education, telecom, financial services, healthcare, and travel. Elevation Capital typically invests between 2 million and 75 million US dollars in promising startups, aiming to support innovative companies that have the potential for significant growth in the Indian market.

Manish Advani

Senior Associate

Aayush Agarwal

Associate VP

Pranjal Agarwal

Associate VP

Amit Aggarwal

Principal

Sam Andersen

Associate VP

Mukul Arora

Co-Managing Partner

Mridul Arora

Partner

Rahul Bammi

Associate VP

Vaas Bhaskar

Principal

Chirag Chadha

Senior Associate

Deepak Gaur

Venture Partner

Vaibhav Goel

CFO

Alok Goel

MD and Partner

Kshitij Jayakrishnan

Associate VP

Mayank Khanduja

Partner

Arnav Kumar

Associate VP

Vivek Mathur

Partner & Chief Operating Officer

Abhiroop Medhekar

Associate VP

Pulkit Pujara

Associate

Abhimanyu Sanghi

Associate VP

Akarsh Shrivastava

Principal

Vishal Sood

Venture Partner

Naiken Veerasamy

Director

Poorvi Vijay

Associate VP

Vasudha Wadhera

Vice President

Chantale Wan

Director

Scott Whitehead

Associate VP

Past deals in India

The Souled Store

Series C in 2023
The Souled Store Private Limited is an online retailer based in Mumbai, India, specializing in a diverse range of fashion items and accessories. Founded in 2013 by Rohin Samtaney, Aditya Sharma, and Vedang Patel, the company offers a wide array of products including printed t-shirts, phone covers, backpacks, boxers, mugs, badges, magnets, socks, flip flops, notebooks, posters, stickers, caps, and hoodies. The platform not only sells designer and printed apparel but also allows users to create personalized t-shirts, enhancing customer engagement. The Souled Store has established itself as a prominent player in the online marketplace for unique fashion and lifestyle products.

Bluelearn

Seed Round in 2023
Bluelearn is a digital education platform focused on student communities, providing a comprehensive environment for students to develop new skills and enhance their personal growth. The platform offers live interactive courses, facilitating peer networking and internship applications. Additionally, it creates earning opportunities for students through online teaching on an hourly basis, allowing them to learn while also generating income. Bluelearn aims to empower students by combining education with practical career advancement.

Cashflo

Series B in 2022
Cashflo operates a digital marketplace focused on supply chain financing, facilitating collaboration among buyers, suppliers, and distributors for early payment solutions. Established in 1992 and headquartered in Mumbai, Maharashtra, India, Cashflo serves small and medium-sized enterprises (SMEs) across more than 30 cities. The company is also known as Cashflow Investments (India) Private Limited. With plans for business expansion, Cashflo aims to enhance its platform and grow its workforce to around 75 employees within the next two years. The recent infusion of funds will support these initiatives, enabling the company to implement its growth strategies effectively.

Detect Technologies

Series B in 2022
Detect Technologies Private Limited is a Chennai-based company that provides innovative drone-as-a-service solutions tailored for the oil and natural gas industry. Founded in 2013, the company specializes in technologies designed for the inspection and monitoring of high-temperature and hard-to-reach pipelines and industrial assets. Its product offerings include Guided Ultrasonic Monitoring of Pipe Systems (GUMPS), which enables remote monitoring of pipeline integrity; Noctua, a drone designed for inspecting boilers and stacks; SCOPE-I, a manually operated robot for visual inspections of thermal power plant infrastructure; and CSS, which monitors erosion and corrosion in fluid transport systems. These solutions facilitate continuous monitoring, generating real-time data that enhances pipeline health assessment and significantly reduces the risks of leaks and other failures.

Vegrow

Series B in 2022
Vegrow is a technology platform that collaborates with farmers to streamline agricultural activities and enhance land utilization. By offering personalized advisory services on yield and grade mix, as well as supply chain support, Vegrow facilitates efficient operations for its partners. The platform also connects farmers with organized demand, enabling them to access a marketplace for their produce. Through these services, Vegrow aims to simplify farming practices and support the growth of a more productive agricultural ecosystem.

Skydo

Seed Round in 2022
Skydo is the developer of a payment platform designed to receive payments from overseas businesses. They offer a platform to receive international payments with real-time payment tracking, helping clients with convenient B2B payments.

Plobal Apps

Seed Round in 2022
Build A Mobile App For Your Ecommerce Store Right From Your Browser, in Less Than 10 Minutes.

Chaayos

Series C in 2022
Chaayos is founded in November 2012 out of this premise - a contemporary interpretation of the chai adda, serving freshly made chai. Their focus is on serving your "Meri Wali Chai", a chai made exactly to their customers' liking the minute they place their order - be it an adrak tulsi kadak chai or a paani kam elaichi cinnamon chai. Their option of 12 add-ons gives their customers a total of over 12,000 ways to make their chai at Chaayos.

SUGAR Cosmetics

Series D in 2022
SUGAR Cosmetics manufactures and retails color cosmetics. The company offers lipsticks; eyeliners; foundations, face palettes, blushes, bronzers, highlighters, primers, translucent powders, cleansing water, and compact for face; nail lacquers; and cosmetics gift sets. It serves customers through its retail stores, as well as online. The company was founded in 2012 and is based in Mumbai, India.

Country Delight

Series D in 2022
Country Delight produces and distributes milk intended to provide good quality and unadulterated milk at doorstep. The company's application offers to order milk products and have them delivered directly from the farmer, enabling customers to get rid off the hassle of managing ones milk requirements.

BlissClub

Series A in 2022
BlissClub is a women's activewear brand focused on creating comfortable and functional apparel tailored for Indian women. The company offers a range of products, including leggings and sports bras, designed to address common challenges in women's activewear, such as fabric quality, fit, and overall functionality. By emphasizing a community-oriented approach, BlissClub aims to provide women with suitable sportswear options that can be conveniently delivered to their homes.

Fashinza

Series B in 2022
Fashinza is a B2B manufacturing marketplace that solves apparel/fashion supply chain challenges by connecting fashion brands to experienced manufacturers.

Loop Health

Series B in 2022
Loop Health is a healthcare provider based in Pune, India, founded in 2018. The company offers a range of services including acute and urgent care, chronic condition management, women's health, health coaching, and preventive care. Loop Health aims to simplify the healthcare experience by connecting patients with family physicians, specialists, and hospitals, facilitating access to major medical treatments. Their team of Loop Coordinators assists patients in finding appropriate doctors, comparing treatment costs, obtaining second opinions, and managing admission procedures, thereby alleviating the stress associated with healthcare decisions. Additionally, Loop Health features a virtual medical practice that supports employees and their families, allowing them to consult with healthcare experts and medical advisors without delay, ultimately promoting better health management and cost-effectiveness.

Country Delight

Series D in 2022
Country Delight produces and distributes milk intended to provide good quality and unadulterated milk at doorstep. The company's application offers to order milk products and have them delivered directly from the farmer, enabling customers to get rid off the hassle of managing ones milk requirements.

Curelink

Seed Round in 2022
Curelink is a health-tech platform that connects doctors to patients via WhatsApp.

CityMall

Series C in 2022
CityMall is a social e-commerce platform that sells lifestyle and curated products via peer-to-peer referrals on WhatsApp, has raised funding from a clutch of angel investors including Citrus Pay founder Jitendra Gupta and Xiaomi executive Alvin Tse.

Mintifi

Series C in 2022
Mintifi Private Limited develops and operates online lending platform that provides unsecured credit to small and medium businesses. Its products include working capital loan, bill discounting limit for invoice financing, and term loans. Mintifi Private Limited caters to hospitality, travel, education, logistics, retail, and computer peripherals industries. The company was incorporated in 2017 and is headquartered in Mumbai, India.

Pillow

Seed Round in 2022
Pillow helps generate downside-protected interest on crypto assets by investing in curated, actively managed Defi strategies.

Frnd

Series A in 2021
Bhanu, Hardik and Harsh are working at the cross-roads of social media and interaction for the next billion users in stealth mode, with a special focus on the use-cases for the female users. They invite interested folks from all backgrounds to join their mission of good conversations.

Mosaic Wellness

Series A in 2021
Mosaic Wellness Pvt Ltd, founded in 2019 and based in Mumbai, India, operates a platform of digital-first health clinics aimed at enhancing the health and wellness of individuals. The company provides a range of health and wellness products through its online presence, focusing on personalized solutions for specific needs. Its brands, including ManMatters for men and BeBodywise for women, work collaboratively to promote a fulfilling and purposeful lifestyle. By addressing niche segments, Mosaic Wellness strives to empower individuals to lead healthier lives.

Anar

Seed Round in 2021
Anar is an Indian B2B business networking and trading platform designed for small and medium businesses (SMBs). It enables these businesses to connect and interact with one another, facilitating the buying and selling of products. Anar offers a space for users to stay informed about the latest market trends and product developments, all at no cost. The platform aims to strengthen SMB communities by providing them with access to new products and valuable insights, thereby promoting innovation and growth within their respective markets.

Camp K12

Series A in 2021
Global online school offering LIVE, social, multiplayer learning across Coding and other 21st century skills.

Yellow Class

Series A in 2021
Yellow Class is an online hobby platform for young kids.

The Souled Store

Series B in 2021
The Souled Store Private Limited is an online retailer based in Mumbai, India, specializing in a diverse range of fashion items and accessories. Founded in 2013 by Rohin Samtaney, Aditya Sharma, and Vedang Patel, the company offers a wide array of products including printed t-shirts, phone covers, backpacks, boxers, mugs, badges, magnets, socks, flip flops, notebooks, posters, stickers, caps, and hoodies. The platform not only sells designer and printed apparel but also allows users to create personalized t-shirts, enhancing customer engagement. The Souled Store has established itself as a prominent player in the online marketplace for unique fashion and lifestyle products.

Fashinza

Series A in 2021
Fashinza is a B2B manufacturing marketplace that solves apparel/fashion supply chain challenges by connecting fashion brands to experienced manufacturers.

Strata

Series A in 2021
Strata Property Management Pvt. Ltd is a Bengaluru-based company that offers a fractional real estate investment platform focused on premium commercial properties in India. Founded in 2019, Strata simplifies the investment process by providing essential services such as site attributes, financial analysis, due diligence, and negotiation support through its mobile application. The company enables investors to participate in high-quality properties with Grade A clients, starting from an investment of Rs. 20 lakhs per fraction. Additionally, Strata manages all aspects of property management, including rent disbursement and tenant relations, while also providing a resale platform that allows investors to sell their holdings at any time. This approach makes real estate investment more accessible and transparent for a wider range of investors.

Vegrow

Series A in 2021
Vegrow is a technology platform that collaborates with farmers to streamline agricultural activities and enhance land utilization. By offering personalized advisory services on yield and grade mix, as well as supply chain support, Vegrow facilitates efficient operations for its partners. The platform also connects farmers with organized demand, enabling them to access a marketplace for their produce. Through these services, Vegrow aims to simplify farming practices and support the growth of a more productive agricultural ecosystem.

Detect Technologies

Series B in 2021
Detect Technologies Private Limited is a Chennai-based company that provides innovative drone-as-a-service solutions tailored for the oil and natural gas industry. Founded in 2013, the company specializes in technologies designed for the inspection and monitoring of high-temperature and hard-to-reach pipelines and industrial assets. Its product offerings include Guided Ultrasonic Monitoring of Pipe Systems (GUMPS), which enables remote monitoring of pipeline integrity; Noctua, a drone designed for inspecting boilers and stacks; SCOPE-I, a manually operated robot for visual inspections of thermal power plant infrastructure; and CSS, which monitors erosion and corrosion in fluid transport systems. These solutions facilitate continuous monitoring, generating real-time data that enhances pipeline health assessment and significantly reduces the risks of leaks and other failures.

Treebo Hotels

Series D in 2021
Treebo Hotels is a hotel booking platform that focuses on providing quality accommodation at affordable prices. Named after the "Bo Tree," under which Gautam Buddha achieved enlightenment, Treebo embodies the spirit of offering shelter to all travelers, reminiscent of the early budget hotels represented by fig trees. The company develops comprehensive hotel management software that addresses the technological needs of hotels and operates on a full inventory model. This approach allows it to maintain quality standards and provide training for hotel staff. By ensuring safe, clean, and comfortable accommodations, Treebo aims to create a welcoming environment for guests, encouraging interactions and meaningful conversations among travelers.

CityMall

Series B in 2021
CityMall is a social e-commerce platform that sells lifestyle and curated products via peer-to-peer referrals on WhatsApp, has raised funding from a clutch of angel investors including Citrus Pay founder Jitendra Gupta and Xiaomi executive Alvin Tse.

FamPay

Series A in 2021
FamPay Solutions Private Limited is a Bengaluru-based company that provides a digital payment application specifically designed for teenagers and their families. Incorporated in 2019, FamPay enables minors to conduct various payment activities, including UPI, peer-to-peer (P2P) transactions, and card payments, without requiring a traditional bank account. The application allows parents to send money to their children, who can then spend it securely at online and in-store merchants under parental supervision. By focusing on the unique needs of younger users, FamPay aims to create a seamless and enjoyable payment experience for teenagers while ensuring financial safety and accountability.

BlissClub

Seed Round in 2021
BlissClub is a women's activewear brand focused on creating comfortable and functional apparel tailored for Indian women. The company offers a range of products, including leggings and sports bras, designed to address common challenges in women's activewear, such as fabric quality, fit, and overall functionality. By emphasizing a community-oriented approach, BlissClub aims to provide women with suitable sportswear options that can be conveniently delivered to their homes.

FabAlley

Series D in 2021
FabAlley is an online-to-offline high-end fashion platform, focused on women. It is available on offline brand stores like Central and Globus. The company launched Indya, an ethnic-fusion brand, in 2016. Indya caters to online as well as offline channels and has partnered with 15 exclusive brand outlets to create a sizable presence across Tier 1 cities.

Spinny

Series C in 2021
Spinny is a technology-driven platform that simplifies the buying and selling of used cars in India. Founded in 2015 and headquartered in Gurgaon, Haryana, Spinny aims to create a trustworthy and hassle-free experience for customers in the pre-owned car market. The company employs a full-stack business model, ensuring transparency and value in every transaction. Spinny offers a selection of handpicked cars, complete with detailed information, and provides potential buyers with the opportunity for a test drive and a five-day money-back guarantee. This approach enables car owners to list their vehicles easily while offering buyers a straightforward and reliable process for purchasing their desired cars.

CityMall

Series A in 2021
CityMall is a social e-commerce platform that sells lifestyle and curated products via peer-to-peer referrals on WhatsApp, has raised funding from a clutch of angel investors including Citrus Pay founder Jitendra Gupta and Xiaomi executive Alvin Tse.

FloBiz

Series A in 2021
FloBiz is India's first neo business platform aimed at supporting small and medium enterprises across the country. The company offers a range of digital solutions, including FloBooks, a mobile billing and inventory management application that functions both online and offline. This user-friendly app allows businesses to create invoices, manage outstanding payments, and monitor stock levels. It also features an online store, payment reminders, sales and purchase reports, a greetings module, and a web version, making it a comprehensive tool for business management. By providing these capabilities, FloBiz empowers clients to digitize their operations and enhance efficiency in their day-to-day activities.

Probo

Seed Round in 2021
Probo is an opinion sharing and trading platform. Probo blogs bring to you all the varied viewpoints and opinions on any topic - finance, sports, entertainment, news, and more.

Sarvagram

Series B in 2021
SarvaGram Fincare Private Limited provides financial services and allied interventions to individuals and small enterprises in rural and semi-urban India. It offers farmer, housing, personal, and small business loans. The company was founded in 2018 and is based in Mumbai, India.

Turnip

Seed Round in 2021
Turnip is a live game streaming and community platform.

Fashinza

Seed Round in 2021
Fashinza is a B2B manufacturing marketplace that solves apparel/fashion supply chain challenges by connecting fashion brands to experienced manufacturers.

Plobal Apps

Seed Round in 2021
Build A Mobile App For Your Ecommerce Store Right From Your Browser, in Less Than 10 Minutes.

Mosaic Wellness

Seed Round in 2019
Mosaic Wellness Pvt Ltd, founded in 2019 and based in Mumbai, India, operates a platform of digital-first health clinics aimed at enhancing the health and wellness of individuals. The company provides a range of health and wellness products through its online presence, focusing on personalized solutions for specific needs. Its brands, including ManMatters for men and BeBodywise for women, work collaboratively to promote a fulfilling and purposeful lifestyle. By addressing niche segments, Mosaic Wellness strives to empower individuals to lead healthier lives.

IndiaMART

Venture Round in 2019
IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers. The online channel focuses on providing a platform to SMEs, large enterprises as well as individuals. Founded in 1996, the company’s mission is ‘to make doing business easy’. 5.98 Crore+ Buyers | 47 Lakh+ Suppliers | 5 Crore+ Products IndiaMART for Buyers - Convenience of connecting with sellers anytime, anywhere - Wider marketplace with a range of products and suppliers - One-stop-shop for all requirements IndiaMART for Suppliers - Enhanced business visibility - Access to buyers from across the globe - Increased credibility for your brand IndiaMART has over 3600 employees located across 80+ offices in the country, and with customers spanning across 200 nations. Its existing investors include Intel Capital, Amadeus Capital, WestBridge Capital & Quona Capital.

Anthem

Seed Round in 2019
Finwego is one of the fastest growing education finance company in India addressing the entire spectrum of financial needs of K12 schools. Incubated at Harvard Innovation Labs and the winners of the prestigious Harvard Innovation Challenge 2018, Finwego offers personal loans to schoolteachers, education loans to parents/students for paying school fees, and working and growth capital loans to private schools. Currently, Finwego works with a large network of schools in India reaching out to several thousand teachers and parents. Finwego is founded by a Harvard and a Stanford alumni with a decade plus experience in education and financial services respectively.

Airblack

Seed Round in 2019
Airblack Inc, founded in 2019 and based in Gurugram, India, operates as a booking platform catering to travelers. The company not only facilitates trip bookings but also offers planning suggestions to enhance the travel experience. Positioned at the forefront of a significant shift in the Asian consumer travel market, Airblack caters to the growing number of millennials who prefer independent planning and booking. This demographic represents a substantial portion of the USD 600 billion international travel expenditure in Asia. Additionally, Airblack offers a learning platform that focuses on helping individuals transform their passions into careers through interactive workshops that provide practical insights and skills development.

SenseHawk

Series A in 2018
SenseHawk, Inc. is a SaaS company that provides a digitization platform specifically designed for the solar industry. Founded in 2018 and headquartered in Saratoga, California, with development centers in Bengaluru and Abu Dhabi, the company offers a cloud-based suite of applications that facilitate collaboration and productivity throughout the solar asset lifecycle, including design, construction, and maintenance. Its platform integrates various functionalities, such as work/task management, quality control, project monitoring, and safety management, all enhanced by technologies like artificial intelligence, GIS, and drone imagery. By connecting asset data and processes, SenseHawk enables solar developers, EPC contractors, O&M providers, asset owners, and independent engineers to reduce costs and improve return on investment, ultimately enhancing the performance of solar sites. The company's services cater to a diverse clientele, including commercial and residential customers in regions such as India, the United States, and Australia.

Goodera

Series B in 2018
Goodera Information Technologies Private Limited is a technology platform that enhances the corporate social responsibility (CSR) and sustainability landscape. Based in Bengaluru, India, and co-headquartered in Menlo Park, the company provides a comprehensive platform that enables corporations, foundations, governments, and non-profits to collect and analyze data in local languages, assess real-time impact, and report performance through interactive dashboards. Goodera facilitates employee engagement in volunteering while maximizing community impact through its corporate volunteering programs. With a focus on transparency and measurability, the platform integrates data from various sources, including web, mobile, and voice, to streamline the management of CSR and sustainability initiatives. Founded in 2003, Goodera was previously known as NextGen PMS Pvt. Ltd. and rebranded in 2017.

Rivigo

Series D in 2018
Rivigo Services Pvt Ltd is a technology-enabled logistics platform based in Gurugram, India, founded in 2014 by Deepak Garg and Gazal Kalra. The company specializes in road transportation and logistics services, offering solutions such as full truckload (FTL), part truckload (PTL), and cold chain logistics. Rivigo serves various sectors, including e-commerce, pharmaceuticals, automotive, consumer goods, and frozen foods. Its innovative relay-led trucking model significantly reduces turnaround time and enhances reliability for clients. The company also operates RIVIGO Freight, a digital marketplace that allows clients to efficiently post trucking requirements and optimize fleet operations. Additionally, RIVIGO Labs focuses on developing advanced technology applications to improve logistics efficiency, utilizing data science and artificial intelligence to address complex challenges in the freight sector. Through its comprehensive services and technology-driven approach, Rivigo aims to transform the logistics landscape in India, making it faster, safer, and more cost-effective while improving conditions for truck drivers.

Unacademy

Series B in 2017
Unacademy is India's largest learning platform, established in 2010 as a YouTube channel and officially launched in 2015. Based in Bangalore, the platform offers a wide range of educational content aimed at helping students prepare for major competitive examinations. It features short lectures in video format across various subjects, making educational resources accessible for free. Unacademy promotes self-learning and aims to empower aspiring students in their pursuit of academic success.

Swiggy

Series A in 2015
Swiggy designs an on-demand food delivery platform that brings food from neighborhood restaurants directly to users' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India.

NoBroker

Seed Round in 2013
NoBroker Technologies Solutions Pvt. Ltd. operates a home rental platform that connects users directly with property owners, allowing them to find homes without incurring brokerage fees. Established in 2013 and headquartered in Bengaluru, India, the platform facilitates efficient real estate transactions by offering comprehensive information about properties and neighborhoods, including details on local amenities such as schools, banks, and restaurants. Users can also post requirements for flatmates. Additionally, NoBroker provides essential services such as paperwork processing, lease agreement registration, bank franking, police verification, and society approval, streamlining the rental process for its users.