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Elevation Capital Fund IX

India
Seed
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About Elevation Capital Fund IX

Gurugram firm (ex-SAIF Partners, two decades in India) closed a $500M ninth fund for seed and Series A, built around India's AI application layer rather than foundational models. Sits beside its $400M Elevation Holdings growth vehicle for ~$900M deployable. Co-Managing Partners Ravi Adusumalli and Mukul Arora.

Investment Focus

Location / RegionIndia
Funding StageSeed
Industry Focus

Investor Signals Profile

active

Sweet Spot

Indian seed/Series A founders building enterprise AI applications

India
AI applications
seed
series A
application layer
enterprise AI

Bullish Signals

Researching Indian startup AI adoption trendsexternal
Enterprise AI focus gaining traction in Indiaexternal
Active research: State of AI adoption trendswebsite

Contrarian Signals

No contrarian signals recorded.

Founder Do's

Target Indian enterprise segment
Build on frontier models
Focus application layer, not infra

Founder Don'ts

Avoid pure model/infra plays
Don't ignore enterprise adoption trends

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Fund Overview

Fund Size$500M
Saves0
Website
LinkedIn

Key People

Ravi Adusumalli, Mukul Arora

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