# Elevation Capital

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/elevation-capital
Canonical HTML page: https://getstartupbrief.com/entity/elevation-capital

## Timeline

- **2026-08-25**: Jury convenes in Bengaluru — Jury led by Rishad Premji selects winners through a secret ballot.
- **2026-08-18**: Best on Campus and Comeback Kid nominees revealed — The Economic Times reveals the shortlists for Best on Campus and Comeback Kid categories.
- **2026-08-17**: Bootstrap Champ and Top Innovator nominees revealed — ET Startup Awards announces shortlists for two other categories ahead of the main event.
- **2026-03**: Series C Round — Secured $36M led by Susquehanna Asia VC to scale AI and international footprint.
- **2024**: Series B Funding — Raised $20M co-led by Peak XV and Elevation Capital to fuel initial expansion.
- **2024**: Global Expansion — Entered US, UK, UAE, and Australia markets, diversifying beyond India.
- **2024**: Emergent founded — Mukund Jha founds Emergent in Bengaluru and San Francisco as an AI app-building platform.
- **2022**: Scapia founded — Anil Goteti founds Scapia in Bengaluru as a travel fintech platform built around a co-branded credit card.
- **2021**: Company Founded — Mohak Nahta launches Atlys; secures seed funding from Andreessen Horowitz.
- **2015**: ET Startup Awards launched — The Economic Times Startup Awards are introduced, becoming a prestigious honor for Indian entrepreneurs.
- **2015**: SolarSquare founded — Shreya Mishra, Neeraj Jain, and Nikhil Nahar found SolarSquare in Mumbai as a residential rooftop solar company.
- **2015**: Shadowfax founded — Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithlia found Shadowfax in Bengaluru as a third-party logistics provider.

## Recent coverage (5 stories)

### ET Startup Awards 2026: 5 Comeback Kid Nominees Vie for Top Honor
2026-08-18 03:42:00 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

For startup founders and VCs, the ET Startup Awards 2026 Comeback Kid shortlist highlights resilient founders—SolarSquare, Shadowfax, Scapia, Emergent, Pratilipi—backed by marquee investors and recognized by a jury led by Rishad Premji.
Full story: https://getstartupbrief.com/story/et-startup-awards-2026-comeback-kid-nominees

### Elevation Capital drops $500M for AI startups amid India VC fundraising boom
2026-07-24 01:36:46 · Sentiment: Positive · Impact: 7/10 · Sources: 2

Elevation Capital launches a $500M early-stage fund to back AI-native startups, heating up competition among Indian VCs that have raised over $2.5B cumulatively. The fund's exclusive AI focus signals a shift from generalist to thesis-driven investing, directly impacting founder access to capital.
Full story: https://getstartupbrief.com/story/elevation-capital-500m-ai-fund-startups

### Elevation Capital’s $500M Fund IX targets 20 early-stage AI bets in India
2026-07-15 01:11:00 · Sentiment: Positive · Impact: 7/10 · Sources: 2

With a $500 million early-stage fund, Elevation Capital will write $25–30 million checks to about 20 seed and Series A startups, focusing on AI-native companies. The fund also earmarks capital for follow-on rounds, offering a new catalyst for India’s startup ecosystem.
Full story: https://getstartupbrief.com/story/elevation-capital-fund-ix-startup-funding

### Atlys Secures $36M Series C to Scale Global Visa Processing Infrastructure
2026-03-17 01:17:23 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Atlys, a digital visa processing platform, has raised $36 million in a Series C round led by Susquehanna Asia VC. The funding, featuring strategic participation from MakeMyTrip, will accelerate global expansion and the development of AI-driven automation tools for international travel compliance.
Full story: https://getstartupbrief.com/story/atlys-36m-series-c-funding-susquehanna-makemytrip

### Atlys Secures $36M Series C to Scale AI-Driven Global Visa Infrastructure
2026-03-17 00:28:02 · Sentiment: Positive · Impact: 7/10 · Sources: 4

Atlys has raised $36 million in Series C funding led by Susquehanna Asia VC to accelerate its AI-driven visa processing platform. The startup has recorded 11x growth since 2024 and is now processing over 700,000 visas annually across 120+ destinations.
Full story: https://getstartupbrief.com/story/atlys-36m-series-c-funding-visa-ai

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