Elevation Capital Closes $500M

Elevation Capital has closed a $500 million India fund to back AI startups. The new fund will invest primarily in seed and Series A startups, particularly those building on the application layer of artificial intelligence.
Some key points about the fund include:
- The fund will focus on startups that are using artificial intelligence to solve real world problems
- The fund will invest primarily in seed and Series A startups
- The startups will be building on the application layer of artificial intelligence
The fund is a significant development for the Indian startup ecosystem, and is expected to have a major impact on the growth of AI startups in the country.