Elevation Capital, an early-stage VC firm in India has announced the promotions of Vaas Bhaskar and Chirag Chadha to Partners, alongside Ashray Iyengar’s elevation to Principal.
Vaas and Chirag join existing investment partners Ravi Adusumalli, Mukul Arora, Mridul Arora, and Mayank Khanduja, alongside Ramanuj Gopalan, Vivek Mathur, and Vaibhav Goel from the Founder Success team.
Chirag Chadha joined Elevation Capital as an Analyst over seven years ago and has quickly risen to become one of India’s youngest partners. His focus on consumer tech & brands has driven key investments in companies like BlissClub, Chaayos, Comet, Country Delight, Mosaic Wellness, SUGAR, The Souled Store, and Wakefit among others.
Vaas Bhaskar, who joined in 2018, is a cornerstone of our Fintech investments, with a portfolio that includes Dezerv, Probo, Frnd, Turnip, Vegapay, Flobiz, Sahi, Strata among others. Prior to joining Elevation, Vaas was at Bain & Company, where he advised some of the largest BFSI players and consumer tech companies.
Ashray Iyengar was a key member of the founding team at CRED, where he spent five years working across various roles. Initially, he served as the head of the founders’ office, later transitioning to lead product and business efforts. For the past year, he has been focusing on Fintech and consumer investments at Elevation Capital.
Talking about the promotions, Ravi Adusumalli, Co-managing Partner, Elevation Capital, said, “The promotions of Vaas, Chirag, and Ashray are a great reflection of their journeys that highlight the perseverance and vision that fuel our mission and reinforce our commitment to nurturing talent. As we continue to support our founders and invest in the future, we recognize that true partnership goes beyond just funding and includes providing strategic guidance, operational support and much more. With Vaas and Chirag joining as partners, we’re excited to elevate this support even further.”
In a joint quote, Chirag Chadha and Vaas Bhaskar, Partners, Elevation Capital said, “We look forward to working alongside our team, to make sure Elevation continues playing an outsized role in shaping the Indian technology landscape. Elevation has a long, near unmatched track record of partnering with audacious founders and supporting them in their journeys to creating lasting, category defining companies. We’re thrilled to take this legacy ahead and continue building with our founders.”
Elevation Capital’s portfolio today includes more than around 200 companies, featuring 14 unicorns and 9 IPOs, having backed category leaders such as Paytm, Swiggy, Meesho, Urban Company, Acko and many more.
