Elevation Newsletter - Feb '24

Welcome to a brand new edition of Summit Review, where we keep you updated on everything that’s been happening here at Elevation and our portfolio companies.

Our SaaS, Consumer, and Fintech practices engaged with a range of brilliant founders and senior operators from the ecosystem in the first two months of 2024 and shared their insights and perspectives.

We started the new year on a high note with the launch of SaaS Compass , a program to help early-stage SaaS founders scale faster (more on that below).

We are always seeking audacious founders to work with and innovative ideas to brainstorm on. Reach out to us?here.

Elevation News

SaaS Compass - Supercharging Global Aspirations of Indian?SaaS Startups

We recently launched?SaaS Compass , a platform dedicated to helping Indian SaaS founders navigate the initial stages of their journey confidently, through a comprehensive suite of resources, including field guides, access to global networking and mentorship, and our own perspectives.

At the heart of SaaS Compass are our incredible Compass Captains, who are deeply committed to supporting Indian SaaS founders. Over the next few months, we plan to strengthen this platform further, with an aspiration to be a handy first port of call to every SaaS founder out there. Founders can check out the website and subscribe for exclusive insights and updates from SaaS Compass?here .

Portfolio News

Wishlink

We are delighted to continue our partnership with Wishlink by co-leading their next round of funding, a $7M Series A. Congrats to Shaurya Gupta, Divyansh Ameta and Chandan Yadav on this milestone as they build an industry-defining company to reshape creator-led commerce in India.

PierSight

We are thrilled to back PierSight Space by co-leading their $6mn Seed round as Gaurav Seth and Vinit Bansal embark on an audacious mission to revolutionize the existing earth observation stack.

PierSight is building a constellation of SAR satellites to provide persistent monitoring for the maritime industry. In this investment memo , our Frontier Tech practice share their thesis on why we partnered with Gaurav Seth and Vinit Bansal.

VEGROW

We are thrilled to continue and deepen our partnership with VEGROW through their $46M Series C round, as Mrudhukar Batchu, Kiran Naik Bhukya, Praneeth Kumar and Shobhit Jain, build out India's largest B2B fruits marketplace.

Airblack

We are thrilled to double down on our partnership with Airblack (Vaibhav Raj Gupta and Videt Jaiswal) as they raise $4M and continue to push through on their mission to revolutionise education for the 'next 100 million' Indians.

Podcasts

Day One Podcast: Mesa School of Business

We are excited to bring you an insightful conversation between Manish Advani (Vice President, Elevation Capital) and Ankit Agarwal & Varun Limaye?

(Co-founders, Mesa School of Business), who are building India’s first startup-focused B-school to create entrepreneurial leaders of tomorrow.

Day One Podcast: AppsForBharat

We are delighted to bring you an illuminating conversation between Amit Aggarwal (Principal, Elevation Capital) and Prashant Sachan, where they deep dive into the early days of AppsForBharat. They discuss the acute need to provide reliable digital resources and access to services to enable devotion as a large offline behaviour to move online.

Day One Podcast: Wakefit

We're excited to welcome Ankit Garg and Chaitanya Ramalingegowda, the founders of Wakefit, to the Elevation family. In this special conversation with Chirag Chadha (Principal, Elevation), they explore the company's journey from its roots in the online mattress space to becoming a leading name in home and sleep solutions in India.

Disruptive Opportunities in Proptech: SummitUp by Elevation Ep.2

In the second episode of our new series, SummitUp by Elevation, Viswanathan V. (Head of Marketing, Elevation) discusses the unique trends in the Indian real estate industry and the potential for significant disruption in the proptech space with Amit Aggarwal (Principal, Elevation) and Manish Advani (VP, Elevation).

Elevation in Media

Road Ahead for the Indian Startup Ecosystem

Mukul Arora (Co-Managing Partner, Elevation Capital) discussed the current state of the startup ecosystem in India with Shradha Sharma (Founder & CEO, YourStory Media), in a fireside chat during TechSparks Delhi 2023. Head?here for some key takeaways.

Startup Outlook 2024: Mridul Arora on Funding, Governance, IPOs

Mridul Arora (Partner, Elevation Capital) discussed the 2024 outlook for the Indian startup ecosystem with Shereen Bhan on CNBC-TV18’s first Young Turks episode of the year, alongside Vaibhav Domkundwar and Anicut Capital’s Ashvin Chadha. Head?here for the key takeaways.