Elevation Capital
1502, 15th Floor, One Horizon, Sector 43, DLF Phase V, Golf Course Road, Gurgaon, Haryana, 122002, India
Overview
Elevation Capital is an early-stage venture capital firm that focuses on consumers, enterprises, logistics, and B2B.
- Total investments
- 116
- Lead investments
- 58
- Investments · 12mo
- 20
- Active investors
- 16
Sector focus
- Consumer
- Enterprise
- Financial Services
- Logistics
- Venture Capital
Investment portfolio
- BlissClub
Participated · Series B · Aug 2026
Founded in 2020, BlissClub began as a women's activewear label and has expanded into a broader omnichannel athleisure business. The company has grown revenue by more than 60% year-on-year over the past two years and has expanded its retail footprint to more than 40 stores. Earlier this year the brand entered the menswear category, representing its category-expansion strategy. BlissClub is led by founder and CEO Minu Margeret and counts investors including Elevation Capital and Eight Roads Ventures. Following the Rs 160 crore funding round led by Singularity AMC, the company plans to use the capital to grow offline retail, strengthen product development and hire for its next stage. Existing investors and new participants, including Meesho cofounder Vidit Aatrey, also took part in the round.
- Plazza
Led · Series A · Jul 2026
Founded in 2024 by Aman Priyadarshi and based in Bengaluru, Plazza operates a pharmacy-first quick commerce platform that builds neighbourhood pharmacy stores with deep inventory and AI-driven inventory planning. The company promises medicine deliveries within 15–30 minutes and reports that its stores stock more than 40,000 SKUs. Plazza claims prescription fill rates exceeding 95%, versus an industry average of 50–60%. Its GMV grew nearly 27x between June 2025 and March 2026, reflecting rapid demand and expansion. Plazza raised a $1.4 million seed round about 10 months before its $15 million Series A and plans to use the new capital to enhance technology, deepen AI-powered assortment intelligence, build operational capabilities, and expand its pharmacy network into new geographies. The company is focused on improving medicine availability through inventory depth and AI-led planning.
- Reo.Dev
Participated · Series A · Jul 2026
Reo.Dev is described as an AI sales intelligence company that provides tools and insights for sales teams. The company announced a $11.3 million raise intended to fund expansion into the U.S. Beyond the fundraising and U.S. expansion plans, the article does not provide specifics on products, customers, or financial metrics. No founding year, headquarters location, or historical funding details were disclosed in the coverage. The company's immediate focus, per the announcement, is growing its operations in the U.S.
- SolarSquare Energy
Participated · Series C · Jun 2026
SolarSquare Energy focuses on residential rooftop solar installations, emphasizing installation quality, financing support, and after-sales maintenance. The company is Mumbai-based and competes with players such as Zunroof, Mysun, and Adani Solar. It reported operating revenue of Rs 355 crore in fiscal 2025 and an annualised revenue run rate of about Rs 800–1,000 crore. SolarSquare raised $40 million about 18 months before the latest round and has now closed a $50–55 million financing led by B Capital that values it at $450–500 million. The company is positioned to benefit from government programs like the PM Surya Ghar Muft Bijli Yojana that aim to scale rooftop solar adoption among households. The articles do not provide details on specific product roadmaps or explicit use of proceeds for the new funding.
- Sahi
Participated · Series B · Apr 2026
Founded in 2023 by former Swiggy CTO Dale Vaz and ex-Kotak Securities executive Manish Jain, Sahi is a Bengaluru-based broking platform that began operations in January 2025. The platform offers futures and options (F&O) and cash trading services and has secured a research analyst license to provide investment advisory, though it remains focused on its transactional business rather than wealth management. Sahi reports rapid growth: trade volumes rose 24x and active traders increased 19x between April 2025 and March 2026, it has executed over 13 crore trades (with 86% occurring in FY26), and it has onboarded around 4 lakh demat accounts. The company claims to have over 400,000 demat accounts, contributes roughly 3% of daily trades, and its platform recently crossed one million trades per day. Operating in a competitive market with players like Zerodha, Groww, and Dhan, Sahi is emphasizing AI-native capabilities to stay lean and improve trading outcomes. Following its Series B, the company is positioned at an approximate $200 million valuation and plans to use funding to expand its product categories and scale users.