Vivek Mathur exits Elevation Capital after 14 years to pursue mentorship
By MYBRANDBOOK
Elevation Capital, with a portfolio of over 190 companies, has seen significant growth, closing its eighth India-dedicated fund in April 2022, raising $670 million to further drive its investments
After a successful 14-year career, Vivek Mathur, the Chief Operating Officer (COO) of Elevation Capital, has announced his departure from the firm. Elevation Capital, a leading venture capital firm known for backing high-profile startups such as Swiggy, Unacademy, and Meesho, will see Mathur shift to a new advisory and mentorship role.
During his tenure at Elevation Capital, Mathur played a pivotal role in shaping the firm’s approach to supporting portfolio companies. Though not part of the investment team, he was instrumental in the Founder Success team, where he offered guidance on compliance, regulatory checks, finance structuring, and navigating the IPO process. He also contributed to strategic decisions as a board member in firms like Paytm and Aye Finance.
In a post on social media, Mathur shared, “These past 14 years have been a true masterclass in investing,” expressing his gratitude for the invaluable experience gained at Elevation. He emphasized his role in contributing to the growth and success of Elevation’s portfolio companies, which had become key players in their respective industries.
Mathur’s new focus will be on mentoring early-stage startups in the Direct-to-Consumer (D2C), agritech, climate, and defence technology sectors. His objective is to help these emerging businesses scale from the ground up by refining their growth strategies, boosting operational efficiencies, and charting paths toward profitability. “I look forward to helping founders take their businesses from inception to IPO, acting as a thought partner through every stage of growth,” he said.
This announcement comes as Elevation Capital undergoes a leadership restructuring. In December, Krishna Mehra, co-founder of Capillary Technologies, joined as a partner to lead AI and SaaS investments. In addition, the firm promoted Vaas Bhaskar and Chirag Chadha to partner positions, focusing on fintech and consumer tech, respectively. These changes signal Elevation’s continued expansion and dedication to driving growth in emerging sectors.
Elevation Capital, with a portfolio of over 190 companies, has seen tremendous success in recent years. The firm closed its eighth India-dedicated fund in April 2022, raising $670 million. Mathur’s departure marks a significant transition, but Elevation’s strategic leadership and mentorship initiatives continue to ensure the firm’s place at the forefront of venture capital.
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