India-based Elevation Capital has raised $670 million for its eighth investment fund, doubling down on early-stage investing in India.

Over the past two decades, Elevation Capital has invested in more than 150 companies through seven funds and 13 of its early-stage investments have become unicorns, such as Swiggy, Meesho, Paytm, Rivigo and Unacademy.

We will continue to focus on the Seed/Series A stage as our core. Early-stage investing is where we have found our ikigai — the perfect intersection of our capabilities, passion, and the needs of the founder ecosystem. As a result, our investment pace has been accelerating and went up by 100%, just in the past 12 months. – the firm wrote

Elevation’s Fund VIII wants to partner with visionary founders building transformative businesses.

Share this post