Elevation Capital

Elevation Capital, founded in 2002 and based in Gurgaon, India, is an early-stage venture capital firm that focuses on investing in a diverse range of sectors including consumer brands, consumer technology, enterprise solutions, cryptocurrency, software as a service (SaaS), business-to-business services, financial services, and logistics. The firm manages several funds, including the SAIF Partners India Fund, which targets investments primarily in India across various industries such as software, media, education, telecom, healthcare, and travel. Elevation Capital seeks to fund companies at different stages of growth, from seed to later-stage, typically investing amounts ranging from USD 2 million to USD 75 million.

Manish Advani

Vice President

Harsh Agarwal

Senior Associate

Amit Aggarwal

Principal

Srishti Bhandari

Associate

Satya Bharadwaja

Associate

Vaas Bhaskar

Principal

Chirag Chadha

Principal

Vaibhav Chowdhury

Associate Vice President

Vaibhav Goel

Partner and CFO

Raghav Gupta

Associate

Keshav Gupta

Associate

Rahul Humayun

Associate

Ashray Iyengar

Vice President

Harshit Jain

Associate

Kshitij Jayakrishnan

Vice President

Sakshi Mirge

Associate

Vikram Nanda

Associate

Ishwar Prasad

Associate Vice President

Aadith Ramesh

Associate

Anandlogesh Rr

Associate

Akarsh Shrivastava

Principal

Shambhav Tewari

Associate

Poorvi Vijay

Vice President

Vasudha Wadhera

Vice President

Vishal Sood

Venture Partner

Past deals in Marketplace

Spinny

Venture Round in 2025
Spinny is a technology-driven platform focused on the buying and selling of used cars, founded in 2015 and headquartered in Gurgaon, Haryana, India. The company aims to simplify the used car market by providing a trustworthy and hassle-free transaction experience. Spinny operates on a full-stack business model, ensuring value and transparency for its customers. Its platform features a selection of handpicked pre-owned vehicles, complete with detailed information, test drive options, and a five-day money-back guarantee. This approach allows car owners to list their vehicles while enabling potential buyers to navigate the purchasing process with ease and confidence.

Snabbit

Series A in 2025
Snabbit is a technology company that operates a platform connecting individuals seeking assistance with household tasks to professionals who can provide such services. The platform offers a user-friendly application that enables customers to swiftly and reliably find and hire help for various domestic chores, such as cleaning, laundry, and grooming, on an as-needed basis.

Zfunds

Venture Round in 2024
Zfunds operates an online platform that connects offline financial agents with investors, primarily targeting the 'last-mile' Indian market. The platform offers personalized mutual fund recommendations, educational resources on saving schemes and investment topics, empowering agents to compete with online distributors.

Zopper

Series D in 2024
Zopper is an insurance infrastructure API platform that collaborates with insurance providers to create personalized insurance products for distribution partners. The company specializes in enhancing sales, operations, and marketing within the insurance sector. Zopper's marketplace facilitates access to insurance through features such as a mobile application, customer relationship management (CRM) tools, digital onboarding, and real-time claim tracking. This comprehensive approach enables clients to effectively curate and offer suitable insurance plans tailored to their customers' needs. By democratizing access to insurance distribution, Zopper plays a significant role in streamlining the insurance process for both providers and consumers.

VeGrow

Series C in 2023
VeGrow is a technology platform focused on enhancing agricultural efficiency by partnering with farmers. The company aims to simplify farming operations and improve land utilization through its innovative services. VeGrow offers personalized advisory to farmers, helping them optimize yield and grade mix. Additionally, it provides supply chain support and access to a marketplace for farm produce, facilitating organized demand for agricultural products. By leveraging technology, VeGrow seeks to create a seamless experience for both farmers and businesses, ultimately contributing to a more efficient agricultural sector.

Mintifi

Series D in 2023
Mintifi is an online lending platform in India that aims to empower small and medium businesses through accessible financing solutions. Focused on enhancing the last-mile distribution network, Mintifi offers a range of flexible and affordable loan options designed to simplify the purchase financing experience for businesses. By leveraging technology and a corporate distribution network, the platform enables companies to efficiently manage their supply chain operations and obtain necessary funds to support their activities. Through partnerships with various digital channels, including WhatsApp, Mintifi ensures that its services are easily accessible, facilitating quicker and more straightforward access to financing for SMBs.

FreeUp

Series A in 2023
FreeUp is a pan-India social commerce platform designed to simplify and secure transactions between individuals. By addressing the trust deficit that often exists in peer-to-peer sales, FreeUp employs a verified transaction system and a reputation-based approach to foster community engagement. The platform allows users to buy and sell a diverse range of products, including fashion items, children's goods, home decor, beauty products, books, and gadgets. Additionally, FreeUp offers convenient doorstep pickup and delivery services, enabling users to easily sell their pre-loved or homemade items. Through its user-friendly interface, FreeUp aims to create a safe and enjoyable buying and selling experience for individuals across India.

CashFlo

Series B in 2022
CashFlo, also known as Cashflow Investments (India) Private Limited, is a Mumbai-based company that operates as India's only integrated accounts payable automation and supply chain financing platform. Founded in 1992, CashFlo aims to unlock the financial potential of millions of Indian businesses by facilitating early payments through its digital marketplace. The platform connects buyers, suppliers, and financial institutions, allowing them to collaborate effectively to optimize working capital and enhance treasury returns. With a diverse clientele that includes over 50 large enterprises and 200,000 mid-market and SME companies across various sectors, CashFlo has established itself as a key player in transforming payment and financing practices in India. The company has been recognized for its innovative solutions, having received the Supply Chain Finance Solution of the Year award for three consecutive years from 2019 to 2021.

VeGrow

Series B in 2022
VeGrow is a technology platform focused on enhancing agricultural efficiency by partnering with farmers. The company aims to simplify farming operations and improve land utilization through its innovative services. VeGrow offers personalized advisory to farmers, helping them optimize yield and grade mix. Additionally, it provides supply chain support and access to a marketplace for farm produce, facilitating organized demand for agricultural products. By leveraging technology, VeGrow seeks to create a seamless experience for both farmers and businesses, ultimately contributing to a more efficient agricultural sector.

Fashinza

Series B in 2022
Fashinza is a B2B marketplace focused on streamlining trend forecasting and sourcing for fashion brands and retailers. Utilizing an AI platform, Fashinza analyzes data from various sources to predict emerging trends and design preferences. The company integrates a design platform with a network of 200 cloud-connected factories, facilitating a fully online experience for users. This approach allows Fashinza to offer manufacturing as a service, providing enhanced visibility throughout the procurement process. By leveraging its extensive factory network, Fashinza aims to improve production times and reliability in the apparel industry.

Mintifi

Series C in 2022
Mintifi is an online lending platform in India that aims to empower small and medium businesses through accessible financing solutions. Focused on enhancing the last-mile distribution network, Mintifi offers a range of flexible and affordable loan options designed to simplify the purchase financing experience for businesses. By leveraging technology and a corporate distribution network, the platform enables companies to efficiently manage their supply chain operations and obtain necessary funds to support their activities. Through partnerships with various digital channels, including WhatsApp, Mintifi ensures that its services are easily accessible, facilitating quicker and more straightforward access to financing for SMBs.

Fashinza

Series A in 2021
Fashinza is a B2B marketplace focused on streamlining trend forecasting and sourcing for fashion brands and retailers. Utilizing an AI platform, Fashinza analyzes data from various sources to predict emerging trends and design preferences. The company integrates a design platform with a network of 200 cloud-connected factories, facilitating a fully online experience for users. This approach allows Fashinza to offer manufacturing as a service, providing enhanced visibility throughout the procurement process. By leveraging its extensive factory network, Fashinza aims to improve production times and reliability in the apparel industry.

VeGrow

Series A in 2021
VeGrow is a technology platform focused on enhancing agricultural efficiency by partnering with farmers. The company aims to simplify farming operations and improve land utilization through its innovative services. VeGrow offers personalized advisory to farmers, helping them optimize yield and grade mix. Additionally, it provides supply chain support and access to a marketplace for farm produce, facilitating organized demand for agricultural products. By leveraging technology, VeGrow seeks to create a seamless experience for both farmers and businesses, ultimately contributing to a more efficient agricultural sector.

Spinny

Series C in 2021
Spinny is a technology-driven platform focused on the buying and selling of used cars, founded in 2015 and headquartered in Gurgaon, Haryana, India. The company aims to simplify the used car market by providing a trustworthy and hassle-free transaction experience. Spinny operates on a full-stack business model, ensuring value and transparency for its customers. Its platform features a selection of handpicked pre-owned vehicles, complete with detailed information, test drive options, and a five-day money-back guarantee. This approach allows car owners to list their vehicles while enabling potential buyers to navigate the purchasing process with ease and confidence.

Probo

Seed Round in 2021
Probo is an opinion-sharing and trading platform that facilitates the exchange of predictions on various topics, including finance, sports, entertainment, and news. The platform allows users to share their viewpoints and engage in discussions, promoting a diverse exchange of ideas. By enabling participants to trade opinions at mutually agreed prices, Probo creates a reward-based system where users can earn from their insights and predictions about future events. This innovative approach combines elements of social interaction and market dynamics, providing a unique environment for opinion exchange.

Fashinza

Seed Round in 2021
Fashinza is a B2B marketplace focused on streamlining trend forecasting and sourcing for fashion brands and retailers. Utilizing an AI platform, Fashinza analyzes data from various sources to predict emerging trends and design preferences. The company integrates a design platform with a network of 200 cloud-connected factories, facilitating a fully online experience for users. This approach allows Fashinza to offer manufacturing as a service, providing enhanced visibility throughout the procurement process. By leveraging its extensive factory network, Fashinza aims to improve production times and reliability in the apparel industry.

Spinny

Series B in 2019
Spinny is a technology-driven platform focused on the buying and selling of used cars, founded in 2015 and headquartered in Gurgaon, Haryana, India. The company aims to simplify the used car market by providing a trustworthy and hassle-free transaction experience. Spinny operates on a full-stack business model, ensuring value and transparency for its customers. Its platform features a selection of handpicked pre-owned vehicles, complete with detailed information, test drive options, and a five-day money-back guarantee. This approach allows car owners to list their vehicles while enabling potential buyers to navigate the purchasing process with ease and confidence.

CashFlo

Series A in 2019
CashFlo, also known as Cashflow Investments (India) Private Limited, is a Mumbai-based company that operates as India's only integrated accounts payable automation and supply chain financing platform. Founded in 1992, CashFlo aims to unlock the financial potential of millions of Indian businesses by facilitating early payments through its digital marketplace. The platform connects buyers, suppliers, and financial institutions, allowing them to collaborate effectively to optimize working capital and enhance treasury returns. With a diverse clientele that includes over 50 large enterprises and 200,000 mid-market and SME companies across various sectors, CashFlo has established itself as a key player in transforming payment and financing practices in India. The company has been recognized for its innovative solutions, having received the Supply Chain Finance Solution of the Year award for three consecutive years from 2019 to 2021.

Spinny

Series A in 2019
Spinny is a technology-driven platform focused on the buying and selling of used cars, founded in 2015 and headquartered in Gurgaon, Haryana, India. The company aims to simplify the used car market by providing a trustworthy and hassle-free transaction experience. Spinny operates on a full-stack business model, ensuring value and transparency for its customers. Its platform features a selection of handpicked pre-owned vehicles, complete with detailed information, test drive options, and a five-day money-back guarantee. This approach allows car owners to list their vehicles while enabling potential buyers to navigate the purchasing process with ease and confidence.

Urban Company

Series C in 2017
Urban Company is a marketplace that connects consumers with freelance service professionals, offering a wide range of home services. These services include beauty treatments, haircuts, deep cleaning, plumbing, carpentry, and appliance repairs. The platform enables customers to easily book reliable service providers, ensuring access to affordable and quality assistance from the comfort of their homes. Urban Company partners with tens of thousands of skilled professionals, providing them with essential support such as training, technology, product procurement, credit, and insurance. Through this approach, the company aims to empower service professionals globally while enhancing the convenience and quality of home services for consumers.

Urban Company

Series B in 2015
Urban Company is a marketplace that connects consumers with freelance service professionals, offering a wide range of home services. These services include beauty treatments, haircuts, deep cleaning, plumbing, carpentry, and appliance repairs. The platform enables customers to easily book reliable service providers, ensuring access to affordable and quality assistance from the comfort of their homes. Urban Company partners with tens of thousands of skilled professionals, providing them with essential support such as training, technology, product procurement, credit, and insurance. Through this approach, the company aims to empower service professionals globally while enhancing the convenience and quality of home services for consumers.

Urban Company

Series A in 2015
Urban Company is a marketplace that connects consumers with freelance service professionals, offering a wide range of home services. These services include beauty treatments, haircuts, deep cleaning, plumbing, carpentry, and appliance repairs. The platform enables customers to easily book reliable service providers, ensuring access to affordable and quality assistance from the comfort of their homes. Urban Company partners with tens of thousands of skilled professionals, providing them with essential support such as training, technology, product procurement, credit, and insurance. Through this approach, the company aims to empower service professionals globally while enhancing the convenience and quality of home services for consumers.

Urban Company

Seed Round in 2015
Urban Company is a marketplace that connects consumers with freelance service professionals, offering a wide range of home services. These services include beauty treatments, haircuts, deep cleaning, plumbing, carpentry, and appliance repairs. The platform enables customers to easily book reliable service providers, ensuring access to affordable and quality assistance from the comfort of their homes. Urban Company partners with tens of thousands of skilled professionals, providing them with essential support such as training, technology, product procurement, credit, and insurance. Through this approach, the company aims to empower service professionals globally while enhancing the convenience and quality of home services for consumers.

Qikwell Technologies

Series A in 2014
Qikwell Technologies is a Bangalore-based startup that operates an online marketplace for healthcare services. The company provides a digital platform that facilitates easy access for patients to connect with a variety of healthcare professionals, including specialists such as cardiologists, gynecologists, and urologists. By enabling patients to review and choose their healthcare providers, Qikwell aims to enhance the overall healthcare experience, helping individuals manage their health and well-being more effectively. The platform is utilized daily by thousands of patients, reflecting its commitment to improving patient-provider connections.

Snabbit

Snabbit is a technology company that operates a platform connecting individuals seeking assistance with household tasks to professionals who can provide such services. The platform offers a user-friendly application that enables customers to swiftly and reliably find and hire help for various domestic chores, such as cleaning, laundry, and grooming, on an as-needed basis.
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