Elevation Capital (formerly SAIF Partners India) is a Gurgaon-headquartered early-stage venture capital firm investing across consumer tech, consumer brands, fintech, B2B SaaS/AI, deep tech, and healthcare. It was the first institutional investor in Paytm (investing over $100M across its journey) and has backed Meesho, Swiggy, Urban Company, and Spinny. In August 2025 it launched Elevation Holdings, a $400M late-stage vehicle for IPO-bound Indian companies.