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Venture Capital
elevationcapital.com

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Investments

244

Portfolio Exits

25

Funds

6

Partners & Customers

1

About Elevation Capital

Elevation Capital, an early-stage venture capital firm, makes privately negotiated equity or equity-linked investments across several growth sectors such as consumer products & services, technology, media, telecom, financial services, healthcare, travel and tourism, and manufacturing.

Elevation Capital Headquarters Location

1502, 15th Floor, One Horizon Sector 43, DLF Phase V, Golf Course Road

Gurgaon, 122002,

India

+91 1244965500

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Research containing Elevation Capital

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CB Insights Intelligence Analysts have mentioned Elevation Capital in 3 CB Insights research briefs, most recently on Nov 10, 2021.

Latest Elevation Capital News

Weekly rundown: UpGrad, CleverTap bag large rounds; OYO makes European acquisition

Aug 13, 2022

Weekly rundown: UpGrad, CleverTap bag large rounds; OYO makes European acquisition Weekly rundown: UpGrad, CleverTap bag large rounds; OYO makes European acquisition Upskilling unicorn upGrad and customer engagement SaaS platform CleverTap have raised large venture capital funding rounds this week even as overall start-up funding continues to slow down in volume and value. Representative image Updated Aug 13, 2022, 8:58 AM IST Ronnie Screwvala-led edtech firm upGrad on Monday announced a fresh round of fundraise from marquee investors. The $210 million round that saw participation from ETS Global, Bodhi Tree, Kaizen Management Advisors and others offers a breath of fresh air to the edtech sector where thousands of layoffs have been announced recently. The company said its team strength will grow to 7600 from the present 4800 in the next 3 months and will also include about 170 full-time faculty, 1600 teachers, and over 5000 on-contract coaches and mentors. The founder group also invested $12.5 million in this round to maintain their over 50 per cent ownership in upGrad. Global B2B SaaS platform for customer engagement and retention CleverTap said it signed definitive agreements to raise $105 million in a Series D funding round led by CDPQ, a global investment group who committed $75 million, with participation from IIFL AMC's Tech Fund, along with existing investors Tiger Global and Sequoia India. Funds will be used to support CleverTap's global expansion and enhance the development of its world-class solutions and technology. Mumbai and Silicon Valley-based CleverTap's customer engagement and retention SaaS platform leverages machine learning and artificial intelligence aims to offer a user engagement suite to brands. In other major VC transactions, Mumbai-based wealth management platform dezerv bagged $21 million as part of a fresh funding round led by Accel. Returning investors in the round include Whiteboard Capital, Elevation Capital, Matrix Partners India, and GTM Ventures. In April 2021, within six months of its launch, the start-up had secured $7 million. Jodo, a fintech start-up in the educational payments space, raised $15 million in a Series A round of funding led by Tiger Global Management. The round also saw participation from existing investors, Elevation Capital and Matrix Partners India, from whom Jodo had previously raised $4 million. In the M&A front, travel and hospitality technology platform OYO announced the acquisition of Denmark-based holiday home operator Bornholmske Feriehuse for an undisclosed sum. A full stack operator providing end-to-end solutions to homeowners, Bornholmske Feriehuse operates 737 holiday homes spread over 30 holiday parks on its platform. The company will clock more than 2.5 lakh guest nights in 2022, OYO said. Orange Health, a health-tech start-up building diagnostic lab service, snapped up Gurugram-based diagnostic lab Rapidx to expand to NCR region for an undisclosed sum. Founded Amit Arora, Kishore Gemini, and Dipti Ekka, Rapidx claims to have 6,50,000 patient orders. Orange Health said it will leverage Rapidx’s infrastructure and familiarity with Gurugram and Delhi to strengthen its foothold in the region. Crypto investing app CoinSwitch announced Web3 Discovery Fund, a corporate venture capital initiative to invest in and incubate early-stage start-ups building blockchain solutions for the Web3 landscape. The fund will curate portfolio start-ups and provide single-window access to marquee investor partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund and Elevation Capital and incubation partner Buidlers Tribe. The company said Web3 Discovery Fund will be an active investor and will provide strategic support to portfolio start-ups. TAGS:

Elevation Capital Investments

244 Investments

Elevation Capital has made 244 investments. Their latest investment was in Jodo as part of their Series A on August 8, 2022.

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Elevation Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/9/2022

Series A

Jodo

$15M

Yes

10

8/3/2022

Series A

dezerv

$20.7M

No

6

7/19/2022

Series A

Brite

$7.8M

Yes

1

7/14/2022

Series B - II

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10

7/11/2022

Series B

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$99M

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10

Date

8/9/2022

8/3/2022

7/19/2022

7/14/2022

7/11/2022

Round

Series A

Series A

Series A

Series B - II

Series B

Company

Jodo

dezerv

Brite

Subscribe to see more

Subscribe to see more

Amount

$15M

$20.7M

$7.8M

$99M

New?

Yes

No

Yes

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Subscribe to see more

Co-Investors

Sources

10

6

1

10

10

Elevation Capital Portfolio Exits

25 Portfolio Exits

Elevation Capital has 25 portfolio exits. Their latest portfolio exit was Amprius on May 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/12/2022

Acq - Pending

$99M

3

1/27/2022

Acquired

$99M

1

10/22/2021

Acquired

$99M

1

7/12/2021

Acquired

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$99M

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10

7/6/2021

Acquired

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$99M

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10

Date

5/12/2022

1/27/2022

10/22/2021

7/12/2021

7/6/2021

Exit

Acq - Pending

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

1

1

10

10

Elevation Capital Acquisitions

1 Acquisition

Elevation Capital acquired 1 company. Their latest acquisition was HomeShop18 on June 06, 2008.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/6/2008

Other

$99M

$99.3M

Corporate Majority

Date

6/6/2008

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

$99.3M

Note

Corporate Majority

Sources

Elevation Capital Fund History

6 Fund Histories

Elevation Capital has 6 funds, including SAIF Partners India VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/21/2017

SAIF Partners India VI

4

3/2/2015

SAIF Partners India V

$99M

10

1/1/2011

SAIF Partners India I

$99M

10

SAIF Partners India III

10

SAIF Partners India VII

10

Closing Date

6/21/2017

3/2/2015

1/1/2011

Fund

SAIF Partners India VI

SAIF Partners India V

SAIF Partners India I

SAIF Partners India III

SAIF Partners India VII

Fund Type

Status

Amount

$99M

$99M

Sources

4

10

10

10

10

Elevation Capital Partners & Customers

1 Partners and customers

Elevation Capital has 1 strategic partners and customers. Elevation Capital recently partnered with Meta on October 10, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

10/31/2019

Partner

United States

Facebook joins VC fund SAIF Partners to mentor small businesses in India

The partnership is a part of Facebook 's VC Brand Incubator Program , which is an industry-first initiative launched in June for building the ecosystem for SMB growth in the country by providing young businesses with timely skilling and guidance .

3

Date

10/31/2019

Type

Partner

Business Partner

Country

United States

News Snippet

Facebook joins VC fund SAIF Partners to mentor small businesses in India

The partnership is a part of Facebook 's VC Brand Incubator Program , which is an industry-first initiative launched in June for building the ecosystem for SMB growth in the country by providing young businesses with timely skilling and guidance .

Sources

3

Elevation Capital Team

4 Team Members

Elevation Capital has 4 team members, including current Founder, Managing Partner, Ravi Adusumalli.

Name

Work History

Title

Status

Ravi Adusumalli

Mobius Venture Capital, and Credit Suisse

Founder, Managing Partner

Current

Hans Langthaler

Managing Partner

Current

Deepak Gaur

Managing Director

Current

Vivek Mathur

Managing Director

Current

Name

Ravi Adusumalli

Hans Langthaler

Deepak Gaur

Vivek Mathur

Work History

Mobius Venture Capital, and Credit Suisse

Title

Founder, Managing Partner

Managing Partner

Managing Director

Managing Director

Status

Current

Current

Current

Current

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