Elevation Capital

Once on the brink of collapse, Arpit Mittal’s YellowClass has re-emerged as SpeakX — an AI-powered spoken English platform that turned profitable within a year. Now, with a fresh infusion from WestBridge Capital, Elevation Capital and Goodwater Capital, the company wants to become synonymous with English speaking in India.

Prosus to buy additional ixigo shares from Peak XV Partners and Elevation Capital to increase stake to 15%

Peak XV Partners will sell about 3 percent to Prosus and Elevation Capital will sell another 2 percent to Prosus, taking Prosus' total holding to 15%, up from 10.1% as of October 10 for a total consideration of around Rs 1,900-2,000 crore, sources told Moneycontrol

GreyLabs AI raises Rs 85 crore in Series A funding led by Elevation Capital

The fresh capital will be used to scale the company’s newly launched Agentic Voice AI platform and expand presence in Bengaluru and Delhi, the Mumbai-based startup has said

California Burrito raises Rs 120 crore from Elevation Capital

The eatery, also backed by Kumar Vembu, the brother of Zoho founder Sridhar Vembu, had engaged with Elevation Capital around 18 months back for a fundraise but negotiations had paused back then. The two parties have now agreed on favourable terms, as per sources.

Elevation Capital raises $400 million to foray into late-stage investing via Elevation Holdings

Elevation Holdings will write $20-50 million cheques and focus on new-age companies that are close to a public market listing. It will continue to stay invested in these firms even after their IPO.

Elevation Capital's Vivek Mathur quits after 14 years, to focus on mentorship

Now transitioning to an advisory and mentorship role, Mathur plans to work closely with early-stage startups in D2C, agritech, climate and defence tech spaces

Visa processing platform Atlys raises $20 million led by Peak XV and Elevation Capital

The firm has also hired leadership talent with the funding and will focus on newer revenue streams like forex and insurance.

Everstage to raise $30 million at $150-million valuation

While the round is likely being led by a new investor, Eight Roads Ventures, existing backers like 3one4 Capital and Elevation Capital will also participate, sources told Moneycontrol.

New-age consumer brands to create $50-bn listed market capitalisation by 2030: Elevation Capital

Pet care, Leisure Travel, Personal Care, Quick Service Restaurants (QSRs), Apparel, Durables are the key categories that will create winners in the consumer tech and brand space.

Space tech startup PierSight raises $6 million from Alpha Wave, Elevation Capital

Headed by ex-ISRO scientist Gaurav Seth and Vinit Bansal, a former engineer at National Instruments, Piersight aims to tackle the challenge of constant ocean surveillance with multiple satellites

Revenue growth concerns keep startup founders up at night: Report

In the report, about 50 percent of founders see fundraising becoming easier over the next year. However, over 55.5 percent of the founders which makes up about 139 in total said that startups need to have a minimum runway of about 18 months.

Creator Economy Summit: Content creators are becoming the enterprises of today, say VCs

Newer monetisation channels beyond advertising, like micro transactions are bringing 3X more revenue to content creators making venture capital investors bullish on the sector.

Accel-backed crypto startup Pillow to shut down operations on July 31

The startup asked its users to withdraw funds at the earliest. This comes eight months after the startup raised $18 million in a Series A round.

Funding to Indian startups falls 77% in no respite for the world’s third-largest startup ecosystem

In February 2023, the country’s startup ecosystem, currently the third-largest in the world, saw only 91 deals worth $1.32 billion, against 308 deals worth $4.77 billion in the year-ago period

Digital lending platform Mintifi to raise $60 mn at $350 mn pre-money valuation

Mintifi’s deliberations are still ongoing and fairly at an early-stage, with the company being involved with at least four investors. The final funding amount and the valuation can go a notch higher as well.

ShareChat chief commercial officer Ajit Varghese resigns

Prior to joining ShareChat, Varghese served as the global president of Wavemaker, a global media network owned by the WPP group.

Venture Capital funding to India drops 73% in July-September 2022: Elevation Capital report

The report further revealed that Indian startups raised about $3 billion in July-September this year, against $11 billion in October-December 2021.

Employee volunteering platform Goodera raises $10 million from Elevation Capital, Nexus Venture Partners, and others

In a statement, the company said it will use the fund to scale its team, and technology, and enrich the catalogue of experiences it can provide employees.

SolarSquare raises Rs 100 crore in Series A led by Elevation Capital, Lowercarbon

The start-up will use the funds to expand its presence pan India and set up an NBFC to help finance solar installation projects.

SaaS startup Drivetrain AI raises $15 million in new funding round

Funds will be used for product development and strengthening go-to-market team, the financial planning and monitoring platform for business growth said

Finance automation platform CashFlo raises Rs 70 crore from General Catalyst, Elevation Capital

The startup will use the funding to grow its product lines for the CFO function, invest in core technology, and grow its vendor financing offering

Pivots, token delay, funding crunch: Indian Web3 founders get a reality check

Entrepreneurs who were starting up are now pivoting, delaying token launches and fundraises. Questions are being asked about the real use cases and unit economics of many of these ideas.

Trucking logistics firm Rivigo hits funding roadblock; talks to Flipkart, FirstCry for sale

Due to investors' increased caution as a result of the prolonged economic slowdown, the unicorn logistics tech company has had difficulty raising new capital.

Fintech startup Jodo raises $15 million in Series A round led by Tiger Global

Jodo plans to double its team size to 300-350 over the next 18 months

Wealth management platform Dezerv raises $21 million from Accel, Elevation Capital

The startup plans to use the funds to strengthen the user experience, introduce new investment opportunities and step up hiring