Elevation Capital is a 20+ year India specialist that has backed category-defining companies like Paytm, Swiggy, and MakeMyTrip from seed to IPO, with industry recognition for actual cash returns rather than just paper valuations. The firm combines early-stage investing with a rare $400M+ permanent capital vehicle designed to hold stakes through public markets, while focusing on audacious founders willing to pursue long-gestation, contrarian bets in Indian consumer and fintech markets.