Elevation Capital | Page 2

The below startups secured the highest funding this week, leading the charts from May 03 to May 09.

The fresh funds will be deployed towards business growth, market expansion, and general corporate purposes.

Diverse Sectors See Fresh Capital Inflows

The funds will be used to expand Spinny's market presence, enhance its full-stack offerings, and strengthen technology-driven solutions for used-car buyers and sellers.

Mathur, who played a key role in shaping the firm's portfolio, is now transitioning into an advisory and mentorship role, working with early-stage startups across D2C, agritech, climate, and defence tech sectors.

The round was led by Elevation Capital with participation from Nexus Venture Partners and prominent angels, including Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, and Niraj Singh.

With the raised funds, the Bengaluru-based platform aims to expand its offerings and reach a wider user base, especially in India's tier-II cities and beyond.

Elevation Capital, which specialises in seed and early-stage investments, has invested more than USD 2.6 billion across 190+ companies since its inception in 2002.

The company plans to use the fresh funding to expand its footprint to 50 cities, enhance its technology, hire talent, and strengthen its brand presence.

Sahi offers proprietary trading tools with in-house charts, AI-driven insights, visual risk management, integrated market data, and a customisable interface, empowering traders with secure, reliable, and personalised trading experiences.

The startup aims to use the fresh funds to expand its distribution network and bolster its technical capabilities.

This week saw significant funding activity across diverse sectors, from oncology drug manufacturing to electric vehicle leasing. Here's a roundup of key deals that grabbed attention.

The funding aims to fuel ShopDeck's mission of helping small and mid-sized businesses establish profitable and scalable online operations.

This week, startups across quick commerce, consumer nutrition, insurance tech, cancer diagnostics, gaming, and logistics raised significant funding, showcasing strong investment activity from November 16 to November 22.

The Series D funding was led by Peak XV Partners, with support from Elevar Equity, Elevation Capital, Temasek, and TVS Capital, reaching INR 950 crore total funding.

Founded in 2022 by Vartika Bansal and Vidyasankar Krishnamurthy, Floik, backed by Elevation Capital, claims to have catered to over 8,000 users globally with interactive product demos and guides.

Swiggy has established a price band of INR 371 to INR 390 per equity share, with bids to be made for a minimum of 38 equity shares and in multiples of 38 thereafter.

The platform aims to deploy the raised funds to accelerate expansion in existing markets and enhance its technology infrastructure.

Elevation Capital, which has invested in over 200 companies, including 14 unicorns and 9 IPOs, closed its eighth India-focused fund at USD 670 million in 2022.

The newly acquired funds will be used to enhance Everstage's product capabilities and expand its in-house professional services.

With the fresh funds, the Delhi- and San Francisco-based firm aims to enhance its product and engineering capabilities, enter new markets, and scale its global operations.