About Elevation Capital
Elevation Capital is a venture capital firm founded in 2002. It is primarily based out of Delhi, India. As of Aug 2026, Elevation Capital is an active investor, having invested in 218 companies, with 9 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series A round of BlissClub Overall, Elevation Capital portfolio has seen 5 unicorns, 28 IPOs and 38 acquisitions including key companies like Swiggy, Urban Company and PropTiger. A lot of funds co-invest with Elevation Capital, with names like Accel sharing a substantial percentage of its portfolio. Elevation Capital has team of 39 people including 10 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 6 more
Portfolio Unicorns
Portfolio Soonicorns
Elevation Capital's List of Top Investments
Elevation Capital has a portfolio of 218 companies, including 5 unicorns. Their most notable investments are in Skydo and amoseeds.Their portfolio spans across India, United States, France and 4 more locations. They have invested in Enterprise Applications, Consumer, Retail and 36 other sectors, across stages such as Series A, Seed and 6 more. Here is the list of top investments by Elevation Capital:1. Swiggy
Operator of digital platforms facilitating food and grocery delivery services. These platforms connect consumers with restaurants and retail stores to enable the purchase and transport of prepared meals and household goods. The service manages the logistics of order fulfillment and delivery through a network of independent couriers. Users access these services through mobile applications to browse menus and product inventories before placing orders for fulfillment.
Key facts about Swiggy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $3.62B
- Employee Count: 4,488 as on Mar 31, 2025
- Investors: Harmony Partners, Goldman Sachs and 89 Others
- Latest Funding Round: Post IPO, Dec 12, 2025, $*****
- Highlight: Public
Provider of home maintenance repair and personal care service professionals. This business facilitates the booking of technicians for appliance repair, plumbing, electrical work, and cleaning tasks. It also connects individuals with practitioners for salon, spa, and grooming treatments performed at residential addresses. The service model coordinates scheduling for various household maintenance and wellness requirements.
Key facts about Urban Company
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $376M
- Employee Count: 2,111 as on Mar 31, 2026
- Investors: ABG Capital, Accel and 50 Others
- Latest Funding Round: Angel, Jun 29, 2022, $*****
- Highlight: Public
3. PropTiger
Provider of digital real estate listings and home buying services. This platform facilitates the search and discovery of residential properties for individuals seeking to purchase new homes. It offers assistance throughout the acquisition process, including site visit scheduling, unit booking support, and legal guidance. Furthermore, the service provides access to mortgage lending resources and financial calculation tools for potential property buyers.
Key facts about PropTiger
- Founded Year: 2011
- Location: Gurugram (India)
- Annual Revenue: SGD 10M - 50M as on Mar 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $99M
- Employee Count: 1,233 as on Jun 30, 2026
- Investors: Helion Venture Partners, Qualcomm Ventures and 26 Others
- Latest Funding Round: Series C, Jan 10, 2017, $*****
- Highlight: Acquired
4. Ixigo
Online platform providing booking services for flights trains and hotels. This service enables users to search for and reserve air travel, rail transportation, and lodging accommodations. The platform provides real-time information regarding transportation status, availability, and scheduling updates to assist with itinerary management. Travelers can utilize search tools and digital interfaces to compare options and facilitate reservations across various travel categories.
Key facts about Ixigo
- Founded Year: 2007
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $92M
- Employee Count: 1,144 as on Aug 31, 2025
- Investors: Malabar Investments, GIC and 47 Others
- Latest Funding Round: Post IPO, Oct 10, 2025, $*****
- Highlight: Public
5. MakeMyTrip
Provider of online booking services for flights hotels and travel. This digital platform enables users to search and reserve domestic and international air travel, hotel accommodations, holiday packages, train tickets, bus tickets, and cab rentals. Additionally, the system facilitates travel insurance procurement, visa application processing, and currency exchange services for consumers and corporate entities. Customers can manage bookings, track flight status, and access various travel-related products through the website and mobile interface.
Key facts about MakeMyTrip
- Founded Year: 2000
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $39M
- Employee Count: 7,464 as on May 31, 2026
- Investors: Helion Venture Partners, Elevation Capital and 11 Others
- Latest Funding Round: Post IPO, Jun 17, 2025, $*****
- Highlight: Public
Elevation Capital's Year-on-Year Investment Trends
Elevation Capital has invested in 218 companies over the last 21 years, with an average of 13 new investments annually in the last 10 years. In 2025, it made 27 investments, while as of Aug 2026, it has made 13 investments in this year. Its most recent first time investment was in Reo and most recent follow-on round was in BlissClub.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 8 | 13 |
2025 | 16 | 11 | 27 |
2024 | 10 | 17 | 27 |
2023 | 13 | 9 | 22 |
2022 | 21 | 21 | 42 |
2021 | 25 | 20 | 45 |
2020 | 14 | 11 | 25 |
2019 | 10 | 20 | 30 |
2018 | 8 | 19 | 27 |
2017 | 4 | 11 | 15 |
Elevation Capital's Investments by Stage
Elevation Capital has made 81 investments in Series A stage with an average round size of $10.3M, 76 investments in Seed stage with an average round size of $3.31M and 18 investments in Series B stage with an average round size of $39.4M.Stage of entry | No. of Investments |
|---|---|
Series A | 81 |
Seed | 76 |
Series B | 18 |
Post IPO | 7 |
Series C | 5 |
Others | 5 |
Note: We have considered here, only first round of investments
Elevation Capital's Investments by Sector
Elevation Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and High Tech. Notably, it has invested in 173 Tech companies, 117 Consumer (B2C) companies, 108 Enterprise (B2B) companies and at least 88 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 66 |
Enterprise Applications | 66 |
Retail | 36 |
FinTech | 35 |
High Tech | 19 |
Others | 185 |
Note: We have considered here, only first round of investments
Elevation Capital's Investments by Geography
Elevation Capital has made most investments in India (154), followed by United States where it has made 36 investments.Country | No. of Investments |
|---|---|
India | 154 |
United States | 36 |
France | 4 |
Singapore | 2 |
Cayman Islands | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Elevation Capital's recent investments
Elevation Capital has made 13 investments in 2026 so far. BlissClub and VegaPay are the latest among them.Here are the most recent investments by Elevation Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 07, 2026 | India | Series A | 2992 | [+1] | |
Jul 29, 2026 | India | Series A | 2710 | [+1] | |
Jul 16, 2026 | United States | Series A | 8920 | [+6] | |
Jun 16, 2026 | India | Series C | 9095 | [+6] | |
Jun 12, 2026 | India | Series A | 4907 | [+45] |
Unicorns in Elevation Capital's Portfolio
Elevation Capital has 5 unicorns in its portfolio - XpressBees, Spinny, NoBroker and others. The most recent unicorn in their portfolio is XpressBees. It became a unicorn in 2022, 6 years after Elevation Capital first invested in it.Here is a list of unicorns in Elevation Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of end-to-end logistics delivery and courier solutions | 2015 | Pune | Series G | qyphtnc | ||
76 | Retailer of inspected pre-owned vehicles with home delivery service options | 2015 | Gurugram | Series G | cv{vbcn | ||
75 | Provider of online platforms for residential and commercial property transactions | 2014 | Bengaluru | Series E | ukmjock | ||
85 | Provider of car, bike, health, life, and travel insurance policies | 2016 | Bengaluru | Series E | ivajxtg | ||
68 | Operator of social media platform hosting short videos and content | 2015 | Bengaluru | Series H | istizny |
IPOs and Publicly Listed companies in Elevation Capital's Portfolio
28 of Elevation Capital's portfolio companies have become public. AYEFin got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Feb 2026 at marketcap of $350M and Wakefit got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $702M.Here are Elevation Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 16, 2026 | Feb 20, 2015 | Seed | 7743 | |
Dec 15, 2025 | - | - | 1122 | |
Dec 10, 2025 | Sep 22, 2017 | Series A | 5125 | |
Sep 17, 2025 | Mar 02, 2015 | Seed | 4564 | |
Nov 13, 2024 | Feb 06, 2015 | Seed | 3527 |
Acquired companies in Elevation Capital's Portfolio
38 companies from Elevation Capital's portfolio have been acquired. The most recent acquisition was Portkey in Jun 2026 by Palo Alto Networks for $*****.Here are Elevation Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2026 | Feb 19, 2026 | Series A | 3694 | |
Mar 15, 2026 | Sep 13, 2017 | Series B | 4384 | |
Sep 04, 2025 | Jun 25, 2014 | Seed | 7712 | |
Jul 23, 2025 | Apr 20, 2012 | Series A | 4725 | |
Nov 13, 2024 | Oct 16, 2020 | Series A | 3823 |
Team profile of Elevation Capital
Elevation Capital has a team of 39 members including 10 Partners and 9 Principals located in India and United States. Elevation Capital's team sits on the board of 13 companies.Here is a list of top team members in Elevation Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | - | ||
Partner | Salt Lake City | |||
Partner | Gurugram | Chaayos, Country Delight and 1 more | ||
Partner | Gurugram | |||
Partner | Bengaluru | - | ||
Partner | Gurugram | Spinny, Mosaic Wellness and 4 more | ||
Partner | India | |||
Partner | Gurugram | - | ||
Partner | Palo Alto | |||
Partner | Washington | - | - |
Co-investors of Elevation Capital
Over the past 21 years, 2518 investors have co-invested in Elevation Capital's portfolio companies. This includes funds and angels.
- Invested before Elevation Capital: Y Combinator, Anupam Mittal and 922 others have invested in rounds before Elevation Capital. There are 9 companies where Y Combinator has invested before Elevation Capital and 7 companies where Anupam Mittal has invested before Elevation Capital.
- Top Co-investors of Elevation Capital: 675 investors entered a company along with Elevation Capital. These include investors like Accel (17 companies).
- Invested after Elevation Capital: A total of 919 investors have invested in Elevation Capital's portfolio after their investments. Top Investors include Trifecta Capital (15 companies), Alteria Capital (11 companies) and Tiger Global Management (10 companies).
Recent News related to Elevation Capital
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BlissClub Secures Rs 160 Cr in Series B Funding Led by Singularity AMCEntrackr•Aug 07, 2026•Elevation Capital, BlissClub, Singularity AMC, Eight Roads Ventures and 1 other
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Elevation Capital's harvest from legacy investment crosses $1 bnVCCircle•Aug 05, 2026•Elevation Capital
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MS Dhoni Invests in SolarSquare's $53 Million Series C Funding RoundViestories•Jul 21, 2026•SolarSquare, B Capital, Good Capital, Lowercarbon and 1 other
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Quick commerce player Plazza, beauty brand Lngvty bag early fundingVCCircle•Jul 20, 2026•Plazza, Nexus Venture Partners, Elevation Capital, Accel and 2 others
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Elevation Capital leads $11.3 Million Series A round in Reo.DevEntrackr•Jul 16, 2026•India Quotient, Reo, Heavybit, Elevation Capital and 2 others
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Elevation Capital Acknowledges Dual Investment Conflict in Home Services SectorMoneycontrol•Jul 14, 2026•Elevation Capital
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Elevation Capital Closes $500 Million Fund IX, Focuses on AI and IndiaMoneycontrol•Jul 14, 2026•Elevation Capital
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Agave Raises $15M Series A to Bring AI to Construction FinancialsGlobal Fintech Series•Jul 08, 2026•Y Combinator, Accel, Agave, Agave and 5 others
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CATL fights thick battery packs to lower electric performance car floorsCar News China•Jun 24, 2026•Elevation Capital
