Elevation Capital promotes Chirag Chadha, Vaas Bhaskar to partners

Early-stage venture capital firm Elevation Capital has promoted two of its principals, Vaas Bhaskar and Chirag Chadha, to the role of partners.

With these promotions, the firm that has backed the likes of Swiggy, Unacademy, Meesho, Urban Company and Acko now has nine partners. The other partners are Ravi Adusumalli, Mukul Arora, Mridul Arora, Mayank Khanduja, Ramanuj Gopalan, Vivek Mathur and Vaibhav Goel.

Gopalan, Mathur and Goel are not a part of the investment team.


While Chadha will continue to focus on consumer tech and brands having investments in companies such as BlissClub, Chaayos, Country Delight and The Souled Store, Bhaskar’s mandate remains managing fintech investments for the investor that was previously named SAIF Partners.

Chadha, an alumnus of IIT-Bombay, joined the firm seven years ago as an analyst. Bhaskar, an IIM-Calcutta alumnus, has been with Elevation Capital since 2018.

Elevation Capital has also promoted vice-president Ashray Iyenger to principal.

Elevation Capital has a history of promoting talent internally. Mukul Arora — who was adjudged the winner of the Midas Touch Award for best investor at The Economic Times Startup Awards 2024 — has risen from being an associate to a co-managing partner at the firm.

Elevation Capital's portfolio has more than 200 companies, including 14 unicorns and nine listed companies.

The firm had closed its eighth India-dedicated fund at $670 million in April 2022.