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    Elevation Capital (formerly SAIF Partners) logo

    Elevation Capital (formerly SAIF Partners)

    Bangalore, IndiaFounded 2002

    Elevation Capital, formerly SAIF Partners, primarily focuses on early-stage (Seed/Series A) investments in India's tech-enabled companies, particularly in consumer and financial services, aiming to partner with visionary founders to build transformative businesses. They also opportunistically engage in late-stage investments for category leaders nearing IPO, while maintaining a disciplined, value-based approach.

    Deal activity increased 167% year-over-year (8 deals in the last 12 months). Their most common stage is series-a (45% of deals). Average disclosed round size is $23.7M (across 31 rounds with reported amounts).

    Find people at Elevation Capital (formerly SAIF Partners) on Goldilocks AI

    Portfolio

    33

    Fund Size

    $2.6B

    Top Stage

    Series A

    Last 12 Mo

    8

    Team

    MA

    Mukul Arora

    Co-Managing Partner

    AI

    Ashray Iyengar

    Investment Director

    AS

    Akarsh Shrivastava

    Principal

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    33 investments
    CompanyRoundAmountDate
    AAtlysSeries C$36MMar 2026
    PPortkeySeries A$15MFeb 2026
    Citymall logoCitymallSeries D$47MSep 2025
    JJeh AerospaceSeries A$11MAug 2025
    Composio logoComposioSeries A$29MJul 2025
    AAppsForBharatSeries C$20MJun 2025
    ZZocaSeed$6MMay 2025
    Adopt AI logoAdopt AISeed$6MMay 2025
    SSolarSquareSeries B$40MDec 2024
    EEverstageSeries B$30MOct 2024
    MMaxim AISeed$3MJun 2024
    SSprintoSeries B$20MApr 2024
    Nanonets logoNanonetsSeries B$29MMar 2024
    BBrine FiSeries A$16.5MSep 2023
    PProfit.coSeries A$11MJan 2023
    SSolarSquareSeries A$13MNov 2022
    Pillow logoPillowSeries A$18MOct 2022
    Liminal logoLiminalSeed$4.7MJun 2022
    SUGAR Cosmetics logoSUGAR CosmeticsSeries D$50MMay 2022
    Loop logoLoopSeries B$25MApr 2022
    EEverstageSeries A$13MApr 2022
    Nanonets logoNanonetsSeries A$10MFeb 2022
    Uni logoUniSeries A$70MDec 2021
    FFRNDSeries A$6.5MDec 2021
    Loop Health logoLoop HealthSeries A$12MSep 2021
    Page 1 of 2

    Top Co-Investors

    Accel7 shared
    SV Angel3 shared
    3one4 Capital2 shared
    Better2 shared
    Peak XV2 shared
    Y Combinator2 shared
    Pantera1 shared
    Protofund1 shared
    Jump Capital1 shared
    Quona1 shared
    Jump Crypto1 shared

    Last updated: 10 April 2026