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    Elevation Capital

    Gurugram, IndiaFounded 2001

    Elevation Capital (formerly SAIF Partners) is a leading India-focused venture capital firm with a 25-year history of backing category-defining founders. The firm partners with audacious founders from Seed/Series A through later stages, and in 2021 launched Elevation Holdings to make late-stage investments in companies approaching public markets.

    Deal activity increased 150% year-over-year (10 deals in the last 12 months). Average disclosed round size is $21.2M (across 79 rounds with reported amounts).

    Find people at Elevation Capital on Goldilocks AI

    Portfolio

    77

    Fund Size

    $670M

    Top Stage

    Series A

    Last 12 Mo

    3

    Team

    Mukul Arora

    Mukul Arora

    Co-Managing Partner

    Ravi Adusumalli

    Ravi Adusumalli

    Co-Managing Partner

    Chirag Chadha

    Chirag Chadha

    Partner

    Deepak Gaur

    Deepak Gaur

    Venture Partner

    Krishna Mehra

    Krishna Mehra

    Partner

    Mridul Arora

    Mridul Arora

    Partner

    Vaas Bhaskar

    Vaas Bhaskar

    Partner

    Ashray Iyengar

    Ashray Iyengar

    Principal

    Manish Advani

    Manish Advani

    Principal

    Poorvi Vijay

    Poorvi Vijay

    Principal

    Vishap Rana

    Vishap Rana

    Principal

    Dhruv Jain

    Dhruv Jain

    Associate Vice President

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    87 investments
    CompanyRoundAmountDate
    Atlys logoAtlysSeries C$36MMar 2026
    Snabbit logoSnabbitSeries D$56MJan 2026
    GGreyLabsSeries AOct 2025
    CityMall logoCityMallSeries D$47MSep 2025
    Jeh Aerospace logoJeh AerospaceSeries A$11MAug 2025
    Caseflood.ai logoCaseflood.aiUnknown$3.2MJul 2025
    Composio logoComposioSeries A$29MJul 2025
    Belong logoBelongUnknown$5MJul 2025
    AppsForBharat logoAppsForBharatSeries C$20MJun 2025
    Sahi logoSahiSeries A$10.5MJun 2025
    zoca logozocaSeed$6MMay 2025
    Adopt AI logoAdopt AISeed$6MMay 2025
    GreyLabs AI logoGreyLabs AISeries AJan 2025
    SpeakX logoSpeakXUnknown$16MJan 2025
    Seekho logoSeekhoUnknown$28MJan 2025
    Mahaveer Finance logoMahaveer FinanceBridgeJan 2025
    Presolv360 logoPresolv360Series A$4.7MJan 2025
    SSolarSquareSeries B$40MDec 2024
    Everstage logoEverstageSeries B$30MOct 2024
    Maxim AI logoMaxim AISeed$3MJun 2024
    Sprinto logoSprintoSeries B$20MApr 2024
    Nanonets logoNanonetsSeries B$29MMar 2024
    Piersight logoPiersightSeed$7MJan 2024
    ShopDeck logoShopDeckUnknown$8MJan 2024
    Schmooze logoSchmoozeSeries A$4MJan 2024
    Page 1 of 4

    Top Co-Investors

    Accel11 shared
    Y Combinator9 shared
    Eight Roads6 shared
    Elevar Equity3 shared
    Z473 shared
    SV Angel2 shared
    The Fundamentum Partnership2 shared
    3one4 Capital2 shared

    Last updated: 7 September 2026