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

Partner

Chirag Chadha

Principal

Vaibhav Chowdhury

Associate Vice President

Vaibhav Goel

Partner and CFO

Keshav Gupta

Associate

Raghav 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 Travel

Scapia

Series B in 2025
Scapia is a company that creates credit card applications to assist consumers with their travel expenses. The company's in-house software allows users to track credit card usage while also offering coins on transactions that can be redeemed for hotel and flight bookings on the same app, allowing customers to pay and redeem for travel and hotel stays with no FX transaction fees.

Atlys

Series B in 2024
Atlys is a technology company specializing in software solutions tailored for businesses. Their offerings include tools for project management, collaboration, data analytics, and automation, aiming to enhance operational efficiency and facilitate data-driven decision-making. Notably, Atlys has developed a visa application platform that simplifies the process for travelers by providing personalized guidance, document scanning, real-time status updates, thereby saving time and reducing stress.

Scapia

Series A in 2023
Scapia is a company that creates credit card applications to assist consumers with their travel expenses. The company's in-house software allows users to track credit card usage while also offering coins on transactions that can be redeemed for hotel and flight bookings on the same app, allowing customers to pay and redeem for travel and hotel stays with no FX transaction fees.

Atlys

Series A in 2023
Atlys is a technology company specializing in software solutions tailored for businesses. Their offerings include tools for project management, collaboration, data analytics, and automation, aiming to enhance operational efficiency and facilitate data-driven decision-making. Notably, Atlys has developed a visa application platform that simplifies the process for travelers by providing personalized guidance, document scanning, real-time status updates, thereby saving time and reducing stress.

Treebo Hotels

Series D in 2021
Treebo Hotels is a hospitality company inspired by the "Bo Tree," under which Gautam Buddha attained enlightenment. The company aims to provide quality accommodation at affordable prices, reminiscent of the early budget hotels that offered shelter to all travelers. Treebo operates a hotel booking platform that simplifies the hotel and restaurant booking process. It develops hotel management software to address the technology needs of hotels, ensuring a comprehensive inventory of properties that meet prescribed quality standards. Additionally, Treebo offers staff training for hotel operators, with the goal of enabling travelers to access safe, clean, and comfortable accommodations. Through this approach, Treebo fosters a welcoming environment where guests can connect and share experiences.

Airblack

Series A in 2021
Airblack Inc, founded in 2019 and based in Gurugram, India, operates as a multifaceted platform focused on empowering individuals to transform their passions into sustainable livelihoods. The company offers interactive workshops and online courses that equip users with essential skills, insights, and best practices necessary for advancing their careers in various fields. In addition to its educational offerings, Airblack also serves as a booking platform for travelers, providing trip planning suggestions to enhance the travel experience. Through its commitment to fostering a community of internet-first creators, Airblack aims to support millions in their journey toward online entrepreneurship.

Treebo Hotels

Series D in 2020
Treebo Hotels is a hospitality company inspired by the "Bo Tree," under which Gautam Buddha attained enlightenment. The company aims to provide quality accommodation at affordable prices, reminiscent of the early budget hotels that offered shelter to all travelers. Treebo operates a hotel booking platform that simplifies the hotel and restaurant booking process. It develops hotel management software to address the technology needs of hotels, ensuring a comprehensive inventory of properties that meet prescribed quality standards. Additionally, Treebo offers staff training for hotel operators, with the goal of enabling travelers to access safe, clean, and comfortable accommodations. Through this approach, Treebo fosters a welcoming environment where guests can connect and share experiences.

Airblack

Seed Round in 2019
Airblack Inc, founded in 2019 and based in Gurugram, India, operates as a multifaceted platform focused on empowering individuals to transform their passions into sustainable livelihoods. The company offers interactive workshops and online courses that equip users with essential skills, insights, and best practices necessary for advancing their careers in various fields. In addition to its educational offerings, Airblack also serves as a booking platform for travelers, providing trip planning suggestions to enhance the travel experience. Through its commitment to fostering a community of internet-first creators, Airblack aims to support millions in their journey toward online entrepreneurship.

Treebo Hotels

Series B in 2016
Treebo Hotels is a hospitality company inspired by the "Bo Tree," under which Gautam Buddha attained enlightenment. The company aims to provide quality accommodation at affordable prices, reminiscent of the early budget hotels that offered shelter to all travelers. Treebo operates a hotel booking platform that simplifies the hotel and restaurant booking process. It develops hotel management software to address the technology needs of hotels, ensuring a comprehensive inventory of properties that meet prescribed quality standards. Additionally, Treebo offers staff training for hotel operators, with the goal of enabling travelers to access safe, clean, and comfortable accommodations. Through this approach, Treebo fosters a welcoming environment where guests can connect and share experiences.

Treebo Hotels

Series A in 2015
Treebo Hotels is a hospitality company inspired by the "Bo Tree," under which Gautam Buddha attained enlightenment. The company aims to provide quality accommodation at affordable prices, reminiscent of the early budget hotels that offered shelter to all travelers. Treebo operates a hotel booking platform that simplifies the hotel and restaurant booking process. It develops hotel management software to address the technology needs of hotels, ensuring a comprehensive inventory of properties that meet prescribed quality standards. Additionally, Treebo offers staff training for hotel operators, with the goal of enabling travelers to access safe, clean, and comfortable accommodations. Through this approach, Treebo fosters a welcoming environment where guests can connect and share experiences.

MakeMyTrip.com

Series C in 2007
MakeMyTrip (India) Pvt., Ltd. operates as an online travel company in India. It provides booking services for flights, hotels, and buses; and holiday packages and travel guides. The company was founded in 2000 and is headquartered in Gurgaon, India with additional offices in New Delhi, Mumbai, Nagpur, Nashik, Panjim, Ahmedabad, Aurangabad, Bangalore, Kolkata, Surat, Vadodara, Chennai, Ludhiana, Indore, Jaipur, Coimbatore, Pune, Chandigarh, Lucknow, Hyderabad, and Guwahati, India; New York, New York; and Sydney, Australia.

MakeMyTrip.com

Series B in 2006
MakeMyTrip (India) Pvt., Ltd. operates as an online travel company in India. It provides booking services for flights, hotels, and buses; and holiday packages and travel guides. The company was founded in 2000 and is headquartered in Gurgaon, India with additional offices in New Delhi, Mumbai, Nagpur, Nashik, Panjim, Ahmedabad, Aurangabad, Bangalore, Kolkata, Surat, Vadodara, Chennai, Ludhiana, Indore, Jaipur, Coimbatore, Pune, Chandigarh, Lucknow, Hyderabad, and Guwahati, India; New York, New York; and Sydney, Australia.

MakeMyTrip.com

Series A in 2005
MakeMyTrip (India) Pvt., Ltd. operates as an online travel company in India. It provides booking services for flights, hotels, and buses; and holiday packages and travel guides. The company was founded in 2000 and is headquartered in Gurgaon, India with additional offices in New Delhi, Mumbai, Nagpur, Nashik, Panjim, Ahmedabad, Aurangabad, Bangalore, Kolkata, Surat, Vadodara, Chennai, Ludhiana, Indore, Jaipur, Coimbatore, Pune, Chandigarh, Lucknow, Hyderabad, and Guwahati, India; New York, New York; and Sydney, Australia.
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