Elevation Capital

We are excited to welcome Krishna Mehra to Elevation Capital as AI Partner, deepening our commitment to partnering with India's most ambitious SaaS and AI founders. At Elevation, we are extremely bullish on Indian founders building category-defining AI companies for the world, and with Krishna leading our presence in Silicon Valley, we are better positioned than ever to help founders realize this opportunity. Based out of the San Francisco Bay Area, Krishna will lead our SaaS and AI investments in the India-US corridor - not just supporting Indian founders building for global markets but also engaging with Indian diaspora founders who are leveraging talent and innovation across both ecosystems. Krishna is a successful serial entrepreneur, having co-founded Capillary Technologies in 2008, a forerunner of India's cross-border SaaS movement. He also founded the meal delivery marketplace Taro in 2015, scaling it to deliver over a million meals before its successful acquisition by EAT Club. As an angel investor, Krishna has backed over 45 companies, which have collectively created over $5 billion in enterprise value. Krishna joins us from Meta, where he led engineering for messaging ads, driving $10B+ in revenue with AI-driven products and deploying some of the world’s largest machine-learning models, including early adoption of Meta’s Llama. Prior to that, he architected enterprise-grade, exabyte-scale cloud systems at Cohesity. Krishna’s trifecta of experiences as a founder, operator, and investor par excellence makes him an invaluable addition to our partnership and, more importantly, a tremendous resource for founders we partner with. Read more in our blog: https://lnkd.in/gtVpJabs Ravi Adusumalli, Mukul Arora, Mridul Arora, Mayank Khanduja, Chirag Chadha, Vaas Bhaskar, Vaibhav Goel, Ramanuj Gopalan

🚨 Former Meta exec Krishna Mehra joins Elevation Capital as Partner. Krishna Mehra, former Meta executive, has joined Elevation Capital as Partner to lead SaaS and AI investments. Based in Silicon Valley, he will enhance the firm's focus on the India-US corridor, supporting Indian SaaS and AI founders aiming to build global leaders. Mehra brings extensive experience, having led engineering at Meta for messaging ads, driving over $10 billion in revenue through AI-powered products. He also co-founded Capillary Technologies and Taro, and has been an active angel investor in over 40 startups. Elevation Capital, with over $2.6 billion invested in 190+ companies, is set to boost its SaaS+AI portfolio with Mehra's leadership. Read more at: https://lnkd.in/dqMUS8EA By Bhuvana Kamath #SaaS #AI #VC #Investment #IndiaUS #Startups #ElevationCapital

Meta's Krishna Mehra joins Elevation Capital to lead AI investments The appointment comes as Indian founders increasingly target global markets from day one. Read more at: https://lnkd.in/g2SRdSCB

Speed, Scale, Success - three words that defined India's consumer tech landscape in 2024. And what a watershed year it's been! From quick commerce redefining consumer behavior and setting a new benchmark for convenience to Indian consumers embracing paid digital experiences to landmark IPOs validating the ecosystem's maturity - 2024 proved that when you genuinely solve consumer problems, you win. Before we step into the new year with fresh goals and renewed energy, we wanted to take a moment to look back at the lessons we learned in the year gone by, recap our activities across our investments and other engagements with the ecosystem; we’re thrilled to share our ‘Consumer Tech: Year in Review 2024’ newsletter. Our conversations with founders continue to fuel our passion for identifying and analyzing emerging opportunities across spaces. As you wind down for the year, dive into these perspectives and join us in celebrating a remarkable year for Indian consumer tech. Mukul Arora, Mayank Khanduja, Amit Aggarwal, Ashray Iyengar, Manish Advani, Kshitij Jayakrishnan, Harshit Jain, Anoushka Arya, Rohan Kohli 

Super excited to welcome Krishna at Elevation Capital as we further fuel this journey to support impactful AI companies across the India-US corridor! From the very first meeting, it was clear that Krishna’s passion for startups runs deep. What stood out most for me was his genuine care for the ecosystem and the people within it, coupled with an incredible curiosity that drives him to learn, share, and contribute in ways that truly make a difference. Working with someone who not only brings exceptional expertise but also such a thoughtful perspective is a rare privilege. I’m excited about the ideas we’ll bring to life together and the shared learning along the way. Couldn’t be more thrilled to collaborate with him in this mission. Let’s do this, Krishna! 🙌 Ravi Adusumalli Mukul Arora Chirag Chadha Mridul Arora Mayank Khanduja Vaas Bhaskar

Thrilled to welcome Krishna Mehra to our partnership @ Elevation Capital - https://lnkd.in/gGKk93bw Finding the right person for this role took over a year and countless interviews, but when we met Krishna, it was love at first Zoom call! What was very palpable on that call was his excitement to leverage his experience as a founder and operator, to partner with founders and contribute to their success. As an angel investor, he’s been a great ally to several Indian entrepreneurs, and he now wanted to make this his primary mission. What also really impressed us about Krishna is his humility and long-term vision - qualities we really cherish at Elevation. We are extremely bullish on Indian founders building category-defining AI companies for the world, and with Krishna leading our presence in Silicon Valley, we are better positioned than ever to support these audacious entrepreneurs! Excited for what’s ahead! Ravi Adusumalli Chirag Chadha Mayank Khanduja Mridul Arora Poorvi Vijay Vaas Bhaskar PS: Big thanks to Arnav Kumar for introducing me and Krishna! 🙂

Where can founders in India build the next wave of GenAI consumer applications? Amit Aggarwal and Manish Advani break down the massive opportunities emerging across categories - from AI-powered content creation and personalized learning to reimagining shopping and travel experiences. Watch these key highlights from our latest SummitUp podcast where they discuss how Indian founders can build differentiated solutions by deeply understanding local user needs and thoughtfully implementing AI capabilities. Catch the full episode here: https://lnkd.in/gWFzbi8B

It's been a surreal weekend, Blissclub won the "Breakout Brand of the Year 2024" at the CNBC-TV18 India Business Leadership awards. From packing products from our 2 BHK apartment, 4 years back, to sharing a stage with awardees like Neeta Ambani, Cyrus Poonwala, Rajiv Bajaj has been a humbling experience. Its been an incredible journey with many wins and challenges, a big thanks to the believers who have supported us in our journey. Our investors Mukul Arora Shweta Bhatia Abhishek Jain Chirag Chadha Maneesh Menon Ankit Agarwal and all our angel investors. Our incredible vendors who have partnered with us to make some path-breaking products for India. Our bankers, our service providers, influencers. Of course , to all the women who trusted us enough to try the products we have to offer, our customers , our Blissqueens, you truly are the heart and soul of what we build. Most importantly the ama-frekkin-zing team we have at Blissclub. Most folks who join us in their first few days have observed one thing that truly stands out in our culture, which is working together towards company mission > individual goals. Thank you Blissters and your families, for being part of this beautiful journey of ours! Let's continue to put our heads down and work towards (like we say) 'Building something EPIC' https://lnkd.in/gsSabdSY Elevation Capital Eight Roads Alteria Capital RBL Bank ICICI Bank

Many congratulations to Mintifi on raising $180M in their Series E round led by Prosus Group and Teachers' Venture Growth (Ontario Teachers' Pension Plan)! We are proud to have partnered with Anup Agarwal, Ankit Mehta, and Sanjoy Shome early in their journey of building a technology-first supply chain financing platform. We’ve always believed in the transformative power of contextual financial services in the B2B space. Today, Mintifi processes over $3B in invoices annually, working with India's leading brands and enabling thousands of SMEs to unlock their true potential through innovative financing solutions. We're excited to see them continue to transform B2B supply chain financing in India and scale their impact with expanded offerings across domestic and overseas factoring, dealer management systems, and AI-powered experiences for their corporate clients and supply chain partners. Onwards and upwards! 🚀 Mridul Arora, Norwest Venture Partners, Premji Invest, IFC - International Finance Corporation, Lok Capital

We're thrilled to participate in SolarSquare Energy's $40M Series B round, which marks the largest venture round in an Indian solar startup. This milestone deepens our partnership that began with leading their Series A in 2022, backing Shreya Mishra, Neeraj Jain, and Nikhil Nahar's vision to accelerate solar adoption by making it easier than ever for families to make the switch to solar. The team's mission to bring clean, affordable solar energy to every Indian home resonated deeply with us from the start, and we've been impressed by how they've executed on this vision through a full-stack approach. Since our initial investment, SolarSquare has emerged as India's #1 residential solar company, helping over 20,000 homes and 200+ cooperative housing societies transition to solar energy. Their post-sales maintenance service and state-of-the-art asset management technology have established them as India's largest operator of distributed solar assets. Looking ahead, SolarSquare's ambitions are bold and inspiring. The team aims to expand operations from 20 to 50 cities across India while continuing to invest heavily in technology, talent, and brand building. With only 1% of Indian homes having adopted solar so far, SolarSquare is uniquely positioned to lead India's residential clean energy transition. Manish Advani sat down with Shreya to unpack the company's remarkable journey so far and the roadmap for the next phase of growth. Read our investment memo from 2023 here: https://lnkd.in/g2NM86rN Watch our Day One podcast with Shreya and Nikhil: https://lnkd.in/gD8qS8Sm Onwards and upwards! Mukul Arora