Elevation Capital
AUM - $3.5 billion
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Delhi-based Elevation Capital has approximately $3.5 billion in assets under management that come from over seven funds. Its largest India-dedicated Fund VIII, totaling $670 million, closed in 2022. The firm also closed a $400 million late-stage fund via Elevation Holdings in 2025.
Elevation Capital, formerly SAIF Partners India, focuses on early-stage equity investments in the consumer internet, fintech, SaaS, and edtech sectors. The firm also explores emerging areas, such as Web3 (blockchain and decentralized technology), and invests across 218 portfolio companies.
Elevation Capital has pursued an active investment pace in 2025. Its recent deals have spanned the fintech, spacetech, travel, and home finance sectors. Notable investments include Snabbit’s $19 million Series B funding round in May, PierSight’s $6 million investment in satellite monitoring technology, Scapia’s $23 million Series A funding round for travel fintech, and Vridhi Home Finance’s ₹150 crore round targeting affordable housing. Its notable exits include Paytm (₹1,556 Cr sale in November) and Ixigo (25X return via block deals).
Early-stage investors have achieved over 38 exits, including 26 IPOs and 36 acquisitions, for instance, Swiggy (IPO in November 2024), FirstCry (IPO in August 2024), and Axio (acquired in December 2024). Earlier successes included the IPOs of MakeMyTrip and IndiaMART.
