Elevation Capital

We are excited to welcome Vartika Bansal to Elevation Capital as AI Operations Partner! Based in Bengaluru, Vartika will work closely with our portfolio companies to supercharge AI adoption across their organizations - from augmenting workflows and enhancing decision-making to building AI-native operational cultures that drive competitive advantage. All of us at Elevation believe that AI’s greatest impact extends beyond product features to completely reimagining how companies operate, scale, and compete. While AI is on every founder’s radar, the actual adoption remains surface-level and fragmented. With Vartika leading our AI operations initiatives, we are better positioned than ever to help our founders bridge the gap between AI experimentation and execution - putting AI to work not just in products, but in how teams operate every day. Vartika returns to the Elevation family as a successful serial entrepreneur, having founded two ventures we were privileged to back. She co-founded Floik, an AI-driven digital adoption platform that scaled to 8,000+ users across 120 countries before its successful exit to a global SaaS company. Prior to that, she created PING, pioneering community commerce across 500+ apartment communities in India. As an operator, Vartika has driven transformational growth at scale. She helped launch and grow Uber Eats in India, specifically building the business from scratch with P&L responsibility for South India and Sri Lanka. At OYO, she cofounded the ‘OYO Flagship’ hotel chain, scaling to 1,000+ rooms across 10 cities in just 8 months. Later, as Partner to the Chief Growth Officer on strategic initiatives, she implemented playbooks that shaped OYO's overall leisure market strategy. Vartika graduated with a BTech from IIT Bombay and holds an MBA from Stanford GSB. She brings a rare combination of technical depth, operational excellence, and entrepreneurial DNA. Her track record of building from 0 to 1, scaling globally, and driving AI-powered product-led growth makes her an invaluable partner for founders navigating the AI transformation. Whether you want to geek out on all things AI or just say hello, drop her a note at vartika@elevationcapital.com. Welcome back to the Elevation family, Vartika!

“Snacking and beverages became the Trojan horse for 10-minute food delivery…” In our latest SummitUp episode, Manish Advani and Ashray Iyengar break down the demand drivers and operational innovations making quick commerce in food actually work, from the snacking use cases that started it all to the full-stack approach required for success. Operational breakthrough combines cook-and-chill methods and freshly prepared options - but the real key is owning both kitchen and logistics to deliver fresh meals in minutes consistently. Watch the full episode here: https://lnkd.in/gzrjpfvn

Enjoyed this conversation with Priyamvada C from Mint about what's shaping up to be an exciting period for Elevation Capital and our portfolio companies. Venture is a long game - one that requires patience, conviction, and partnership across stages and cycles. That patience has allowed us to partner with exceptional founders from their earliest days, and they have built incredible businesses that deserve public market exposure. Watching them grow into IPO-ready businesses is deeply gratifying. Here's to many more! 🚀

Here's the latest edition of our monthly newsletter, Summit Review. Over the past month, we welcomed Jeh Aerospace and Belong - NRI savings & investments to the Elevation family, deepened our partnership with Composio, hosted the eighth edition of our signature investor-portfolio connect program Elevation Connect 2025, and published new perspectives from our Consumer Tech and AI practices. Discover more insights and updates in the newsletter below, and subscribe to receive future editions 👇

We’re pleased to share that the response to Elevation Connect 2025, the eighth edition of our signature investor-portfolio connect program, has been very encouraging. Elevation Connect 2025 began with a virtual leg in March and culminated in an offline leg in Bengaluru this July. This dual format allowed us to maximize the reach and impact of the engagements between founders and investors. We facilitated 540+ meaningful interactions between nearly 35 of our portfolio companies representing a wide array of sectors and a diverse lineup of 140+ domestic and global investors across the US, SEA, UK & Middle East. A sundowner in Bengaluru last week brought together our portfolio founders, investors, and the Elevation team for an evening of free-flowing conversations. The success of Elevation Connect 2025 and the engagement we witnessed, both virtually and in person, reaffirm our belief in the power of curated interactions to drive the startup ecosystem forward. The potential for founders focused on building category-defining companies with compelling value propositions to attract increasing pools of capital has never been clearer. As we look to the future, we are excited about the possibilities these connections will unlock, driving innovation, growth, and positive change in India and beyond. Here's to the continued success of our founders! Ganesh K

Thrilled to share that I’ve joined Elevation Capital as AI Operations Partner. What does it mean? Over the past few months, I’ve been deeply curious about: How can AI make our work more creative, efficient, and meaningful? Not just in big, flashy product features — but in the small, daily workflows where time is lost, decisions are delayed, and potential is left untapped. As a founder, I’ve seen firsthand how hard it is to cut through the AI hype and actually build habits, tools, and systems that *stick*. Now, I get to work alongside some of India’s most ambitious startup teams to do just that — putting AI to work inside their orgs, where it can drive real leverage. I am superpumped as this opportunity perfectly brings together everything I love — supporting builders, designing for real impact, and chasing bold ideas. If you’re a founder or operator experimenting with AI inside your company, I’d love to learn from you, share what I am seeing and jam on ideas. And if you’re building AI tools — from platforms like OpenAI, Anthropic, and Perplexity, to products like Cursor, Replit, Lovable, to other copilots and agents — let’s connect. I’m excited to collaborate and explore how these tools can help startups work better, not just harder. Let’s make AI useful, not just interesting. DMs open :)

✈️ Global aerospace supply chains are buckling. Labor shortages in the West, swelling backlogs, and quality bottlenecks have OEMs and Tier-1s scrambling for reliable manufacturing partners. India is now at an inflection point to be the world’s precision manufacturing engine for aerospace, leveraging our manufacturing prowess and talent base. Vishal and Venky are seasoned operators in the space, and we have been truly impressed with their customer obsession and focus on quality. We at Elevation Capital are proud to lead Jeh Aerospace’s $11M round, alongside General Catalyst. The next decade of aerospace supply chains will be built on execution-first partners like Jeh — and we’re thrilled to be part of that journey from Day Zero. Let’s build. Vishal Sanghavi Venkatesh Mudragalla Mayank Sai Akshaya Karan Ishan https://lnkd.in/gEYF_aJN

🌯🛍️ New SummitUp episode! Quick commerce in India has evolved far beyond its grocery roots. While horizontal platforms race to add ever-growing SKUs, a new wave of vertical specialists is reimagining entire categories - delivering hot coffee and fresh snacks in 10 minutes and enabling try-before-you-buy fashion experiences. But what does it really take to build a successful vertical quick commerce startup in these categories? In this episode, Manish Advani and Ashray Iyengar from our Consumer Tech practice join Viswanathan V. for a deep dive into the two most exciting vertical opportunities in quick commerce: food and fashion. The conversation explores: > Why hot beverages and snacking are perfect entry points for quick food delivery > How try-and-buy is solving fashion's biggest online shopping problem > The operating models and challenges in quick food and fashion > Building trust when speed seems too good to be true > Emerging niches in baby products, premium grocery, and beauty …and more Catch the full episode here: https://lnkd.in/gzrjpfvn

We are thrilled to announce our partnership with Jeh Aerospace by leading their Series A round as they redefine aerospace manufacturing through software-defined precision. The global aerospace industry faces critical challenges in manufacturing - the need for both precision and agility in production, reliable supply chains, and the ability to deliver high-quality components on time. Founded by Vishal Sanghavi and Venkatesh Mudragalla, who bring decades of experience in the sector, Jeh Aerospace is addressing these challenges head-on through their innovative software-defined manufacturing approach that combines advanced software, automation, and AI to create flexible and reliable factories. In just 18 months since their seed round, Jeh has demonstrated exceptional execution - scaling to over 100 engineers and technicians, delivering more than 100,000 flight-critical components, and securing $100 million in long-term contracts with global aerospace leaders. Their software-driven model ensures that high-quality parts are delivered reliably and on time, setting new benchmarks for the industry. Looking ahead, the team will build mega factories and enhance their technology platform while expanding operations in both the U.S. and India to serve global customers. By leveraging friend-shoring to combine access to U.S. markets with India's skilled talent pool, they're creating a powerful competitive advantage that strengthens global aerospace supply chains. Welcome to the Elevation family, Jeh Aerospace! Onwards and upwards! Mayank Khanduja | Ashray Iyengar | Sai Akshaya | Karan Agarwal

Super thrilled to back Vishal Sanghavi and Venkatesh Mudragalla in their mission to build a world-class aerospace component manufacturing giant in India grounds-up. With about 30k commercial aircrafts likely to be commissioned by 2040, the demand for precision components by this sector alone is likely to be $15-20B. India has been a major hub for both Boeing and Airbus and their India-sourcing standing at >$1bn each. India’s manufacturing prowess is powering up and the country’s share in this market will only grow. Vishal and Venky bring decades of experience in the sector and we were blown away by their software driven approach to precision manufacturing. With this, they are unlocking the potential of serving not just the OEMs but the tier 1 and tier 2 suppliers as well. Jeh Aerospace is at the cutting edge of manufacturing innovation happening in India and we are stoked to be a part of this journey. Elevation Capital Ashray Iyengar Sai Akshaya Karan Agarwal https://lnkd.in/gEYF_aJN