New fund · Financial Services

Elevation Capital launches Fund IX with $500 million target

By Startup Enthusiast · 14 July 2026

What they do

Elevation Capital is launching its ninth fund with a target corpus of $500 million

The fund focuses on seed and Series A investments in AI-first products across key verticals

Indian AI startup funding surged more than four times to $676 million in the first half of 2026

Elevation Capital is launching Fund IX with a target corpus of $500 million.
The fund targets seed and Series A investments in AI-first products.
Investment focus includes consumer tech, fintech, enterprise AI, and healthcare sectors.
India is among the largest global markets for AI adoption and digital expansion.
The firm plans to back startups from early stages through the pre-IPO phase.
This strategy uses combined vehicles including Elevation Holdings for late-stage opportunities.
Elevation Holdings raised $400 million for late-stage and IPO-bound companies.
Past fundraising for the firm ranged between $350 million and $670 million.

Indian AI startup funding surged more than four times to $676 million in H1 2026.
This compares to $162 million raised in the same period last year.
The firm leverages over 20 years of expertise in supporting domain leaders.

Elevation Capital invests in early and growth-stage technology startups in India.
The headquarters is located in Gurugram, India.
The firm has made 317 investments across its history.
It currently supports 159 portfolio companies in various stages of growth.
The firm has recorded 27 exits from its investment portfolio.
Notable portfolio examples include Meesho, Swiggy, Paytm, and Urban Company.