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Ravi Adusumalli
Founder and Co-Managing Partner · Elevation Capital
Growth Consumer tech India
Elevation's founder wants to build the firm Indian founders pick first for decades, and now backs companies later in their journey.
Ravi Adusumalli founded Elevation Capital to help create, in his words, "an institution that is the founder's preferred partner in India for decades to come." Elevation says eight of the companies he backed, among them Paytm, MakeMyTrip, FirstCry, Urban Company, ixigo and Clear, have gone public in India or the United States.
Cornell, Credit Suisse and Mobius
He earned a B.A. from Cornell University and worked at Credit Suisse and Mobius Venture Capital before starting Elevation, which has offices in Bengaluru, Karnataka, and Gurugram, Haryana, along with San Francisco and Palo Alto, California.
Backing companies later in their journey
He co-manages the firm and focuses on consumer technology and fintech, and Elevation says his work has moved from being a company's first investor to backing it later in its journey. "The journey is often long and challenging," he says on his Elevation page, noting that most companies rarely follow the up-and-to-the-right slides of their first fundraising deck.