Elevation Capital

Elevation Capital is an Indian venture capital firm with a 25-year history. Founded in 2002, it provides seed and early-stage capital and also invests at the growth stage. Its sector teams include enterprise AI, fintech, healthcare and consumer technology.

Krishna Mehra is the firm's AI partner. He led Elevation's investment in Dextr AI, a company building AI agents for hotels, and told Crunchbase News that Dextr reached hundreds of contracted properties and meaningful recurring revenue before raising any outside money.

Sources: Elevation Capital, Nanonets announcement (about Elevation Capital)

Leadership

• Ravi AdusumalliFounder and Co-Managing Partner
• Mukul AroraCo-Managing Partner
• Krishna MehraPartner

At a glance

Stage

Seed, Series A, Growth

Focus

Enterprise AI, India

Offices

India

AI companies backed

4

AI companies backed

• Dextr AI · connected AI agents for hotel reservations, guest messages and staff coordination, based in San Francisco, California

  Led Dextr AI's $6.7 million seed round, announced September 24, 2026, the company's first institutional financing. Foundation Capital also took part.

  Read our review of Dextr AI · Source: Crunchbase News, checked Oct 9, 2026

• Sprinto · compliance automation for SaaS companies, based in Bengaluru, India

  Led Sprinto's $10 million Series A, announced February 9, 2022, with Accel and Blume Ventures taking part.

  Read our review of Sprinto · Founder: Girish Redekar · Source: YourStory, checked Oct 9, 2026

• Nanonets · AI document workflow automation

  Led Nanonets' $10 million Series A, announced February 16, 2022.

  Read our review of Nanonets · Source: Nanonets announcement via PR Newswire, checked Oct 9, 2026

• Zeni · AI bookkeeping and finance for startups

  Led Zeni's $34 million Series B, announced August 4, 2021.

  Read our review of Zeni · Founder: Swapnil Shinde · Source: TechCrunch, checked Oct 9, 2026