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Elevation is India’s leading investor with a 25-year history of backing category-defining founders.

Citymall raises $47 million in a Series D round led by Accel, with participation from existing investors, to grow its budget-focused online grocery business in India’s tier 2 and tier 3 towns. The startup targets planned, value-conscious purchases, charges no delivery or handling fees, and typically delivers in a day rather than minutes; it operates in 60 cities and states. Its valuation remains $320 million, and the company says it is operationally profitable, though Entrackr reports negative EBITDA margins above 30% for the last financial year.

Sep 2025 · TechCrunchNews article

Jeh Aerospace raises $11 million in Series A funding to expand production of metallic aero-engine and aerostructure components in India. Led by Elevation Capital with participation from General Catalyst, the round brings its institutional venture funding to about $15 million; the Atlanta-headquartered startup operates a 60,000-square-foot facility in Hyderabad and supplies U.S. Tier 1 manufacturers. It plans to invest the proceeds in manufacturing and inspection capacity and digital production technologies.

Aug 2025 · TechCrunchNews article

AppsForBharat, the startup behind Hindu devotional app Sri Mandir, raises $20 million in a Series C led by Susquehanna Asia Venture Capital, with existing investors also participating. The Bengaluru-based company says Sri Mandir has more than 40 million downloads, 3.5 million monthly active users, and a $12 million run rate at the start of 2025. It plans temple-town fulfillment hubs, AI-led app features, and expansion to 500 temples.

Jul 2025 · TechCrunchNews article

Snabbit raises $19 million in a Series B led by Lightspeed, with existing investors Elevation Capital and Nexus Venture Partners also participating, at an $80 million post-money valuation. Founded by Aayush Agarwal, the Mumbai-based startup offers app-booked cleaning, dishwashing, laundry, and kitchen preparation, with service in as little as 10 minutes. Snabbit has more than 600 workers and 25,000 customers, and plans to expand into over 200 micro markets across Indian metro cities within nine months.

May 2025 · TechCrunchNews article