Elevation Holdings will again 10 to fifteen startups that are eyeing a public itemizing within the subsequent 3 years

Elevation Capital mentioned the brand new fund will purpose for long-term partnership with firms which have the potential to carry out nicely within the public markets

The brand new fund will primarily spend money on the patron and monetary companies platforms with a concentrate on expertise

VC agency Elevation Capital has launched a late stage fund, Elevation Holdings, with a corpus of $400 Mn to again startups seeking to go public.

“We’re thrilled to launch Elevation Holdings, a novel late-stage car devoted to supporting expertise founders who’re looking for to go public in India within the close to future,” the VC agency mentioned. 

The agency, which counts the likes of FirstCry, ixigo, Meesho, and Paytm in its portfolio, mentioned Elevation Holdings will purpose for long-term partnership with the businesses which have the potential to carry out nicely within the public markets in addition to put up itemizing. 

“We’ve seen how generational firms are constructed, and we all know the journey doesn’t finish at IPO – in some ways, that’s only the start. With this expertise, we imagine we’re uniquely positioned to assist the journey to going public and, extra importantly, what comes the day after,” it mentioned. 

The brand new fund will primarily spend money on the patron and monetary companies platforms with a concentrate on expertise, Elevation Capital co-managing associate Mukul Arora instructed ET. 

It’ll again 10 to fifteen startups that are eyeing a public itemizing within the subsequent 3 years. The ticket dimension can be $20 Mn to $50 Mn. The brand new fund has already made funding in used-car market Spinny, as per the report.

(The story will likely be up to date quickly)