Elevation Capital Launches $500 Mn Fund IX To Back AI-First Consumer & Fintech Startups
The VC firm's ninth fund targets seed to Series A bets across Indian consumer tech, consumer brands and fintech building AI-first products. Elevation's portfolio spans Meesho, Swiggy, FirstCry and The Souled Store, with 317 investments, 159 active companies and 27 exits to date.
Elevation Capital launched Fund IX with a $500 Mn corpus targeting Indian consumer tech, consumer brands and fintech startups building AI-first products, spanning seed to Series A. Portfolio includes Meesho, Swiggy, FirstCry and The Souled Store.
Why this matters
Fund IX extends Elevation's recent $500M India close that lifted deployable capital to ~$900M for AI bets, and follows its view that India's consumer cohort is IPO-ready after Urban Company, Meesho and Wakefit listings.
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