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News on Medial
Elevation Capital Strengthens Leadership With Three Elevations
Inc42
·
9m ago
Medial
VC firm promotes principals Vaas Bhaskar and Chirag Chadha to partner positions. It also elevates Ashray Iyengar from vice president to principal. The partnership team now consists of nine members.
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OYO strengthens top leadership with five elevations
Entrackr
·
10m ago
Medial
OYO has strengthened its leadership team with five key appointments. Sonal Sinha has been named Chief Operating Officer – International, while Rachit Srivastava steps into the role of Chief Operating Officer for OYO Vacation Homes (OVH) in Europe. Shashank Jain has been promoted to Head of Technology and Online Revenue. Pankhuri Sakhuja will lead Traum-Ferienwohnungen, OYO’s listings business in Germany, as well as the flex-space business Innov8. Lastly, Ashish Bajpai has taken on the role of Head of Revenue and Global OTA. OYO highlighted that these leadership appointments demonstrate its dedication to innovation as it works to broaden its global presence. The company is focused on expanding its range of hotels and vacation homes across different price points, thereby enhancing its market reach and operational efficiency. OYO asserts that it has played a substantial role in the country’s growing startup ecosystem, with over 60 former employees successfully launching their own startups after their time with the company. In August, OYO officially appointed Sumer Juneja as a non-executive director. The Ritesh Agarwal-led firm recently announced the acquisition of G6 Hospitality, the operator of Motel 6 and Studio 6, for $525 million in an all-cash transaction. For the fiscal year ending March 2024, OYO reported revenue of Rs 5,389 crore and a profit of Rs 230 crore, a significant turnaround from a loss of Rs 1,286 crore in FY23.
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ixigo approves ESOS 2025 with 1.2 crore stock options
Inshorts
·
5m ago
Medial
ixigo's board has approved ESOS 2025 with a pool of 1.2 crore stock options. Co-founders Aloke Bajpai and Rajnish Kumar will receive at least 1% of the company’s issued capital in stock options. The move strengthens leadership commitments and supports ixigo’s long-term vision and growth strategy.
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Elevation Capital partner quits in another top-level change
VCCircle
·
5m ago
Medial
A senior executive at Elevation Capital, a venture capital firm investing in India for over two decades, has resigned, as VCCircle reports. Elevation Capital has invested in over 200 companies, including prominent names like Paytm, Swiggy, Meesho, and Urban Company. This resignation marks another top-level change within the multi-stage investor, indicating potential shifts in its leadership or strategic direction as it continues to influence the Indian startup ecosystem.
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Amit Aggarwal to quit Elevation Capital after four years
Entrackr
·
5m ago
Medial
Amit Aggarwal, the Principal at Elevation Capital, has decided to step down after serving four years at the venture capital firm, sources aware of the development told Entrackr. This will be the second exit for Elevation in the past couple of weeks. "Amit Aggarwal is stepping down from his role at venture capital firm Elevation, and it remains to be seen whether he will continue in the investment space, explore entrepreneurial ventures, or take on a leadership role in a different sector,” said one of the sources. During his tenure at Elevation, Aggarwal was focusing on early-stage investments in social, content, and commerce (B2C). Previously, he led strategic planning and operations at Facebook, driving growth for Facebook, Instagram, and WhatsApp in India. Before that, he spearheaded the development of Qubo, a consumer IoT venture under the Hero Group. According to sources, Aggarwal will soon announce his departure from Elevation Capital. Elevation Capital declined to comment on the queries sent last Friday. Recently, Vivek Mathur, Partner and Chief Operating Officer (COO) at Elevation Capital, stepped down after 14 years to pursue advisory and mentorship roles. In December 2024, Capillary Technologies co-founder Krishna Mehra joined Elevation Capital as a partner, leading AI and SaaS investments from Silicon Valley, further strengthening the firm's India-US presence. Elevation Capital launched its early-stage-focused Fund VIII, valued at $670 million, in April 2022. Like Elevation, Peak XV has also experienced consecutive top-level exits over the past year. In 2025, the venture capital firm saw the departures of Shailesh Lakhani, Abheek Anand, and Shraeyansh Thakur, all of whom left after serving for over a decade.
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Ranjan Pai’s family office Claypond hires former Foundit CEO to beef up top deck
VCCircle
·
4m ago
Medial
Claypond Capital, the family investment office of Manipal Hospitals' chairman Ranjan Pai, has appointed Sekhar Garisa as managing director. Previously CEO of Foundit, Garisa joins from Quess Corp. His role will involve working closely with Claypond's portfolio companies as the family office strengthens its leadership. Claypond has been enhancing its investment strategy in startups, including medtech acquisitions, following a significant shareholding change in Manipal Health Enterprises.
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TVS Capital Funds Boosts Leadership With Two Key Elevations
Inc42
·
9m ago
Medial
TVS Capital Funds has promoted Rajalakshmi Vaidyanathan to the role of Principal after five years with the company. Vaidyanathan's promotion comes as the firm raises commitments for its fourth fund, which will focus on investing in financial services. Additionally, Suraj Majee, who joined the fund in 2016 as an analyst, has executed 11 investments and contributed to multiple exits.
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AZB, JSA, Trilegal, Cyril Amarchand beef up top deck with elevations, new hires
VCCircle
·
4m ago
Medial
Several leading Indian law firms, including AZB & Partners, JSA Advocates and Solicitors, Trilegal, and Cyril Amarchand Mangaldas, have recently promoted lawyers to partnership levels and made key new hires. This strategic move aims to strengthen their leadership capacity in response to the growing demand for comprehensive legal services. The firms are enhancing their teams to better cater to the expanding needs of their clients and maintain competitive advantage in the legal industry.
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Elevation Capital partner and COO Vivek Mathur quits after 14-year
Entrackr
·
5m ago
Medial
Vivek Mathur, partner and chief operating officer (COO) at Elevation Capital, has quit the venture capital firm after 14 years to focus on advisory and mentorship. Mathur said, "I am now focusing on advisory and mentorship, supporting an exciting cohort of founders across sectors like D2C, Agri, Agri Tech, Climate, and Defence Tech. These founders will play a big part in shaping India’s future and I am very excited to be a part of their journeys!" Mathur previously held leadership roles in companies such as Dell Technologies, Scope International, and Standard Chartered Bank, and through Elevation, he backed startups including ACKO, FirstCry, Paytm, Tracxn, and Xpressbees.
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Elevation Capital presses sell button with over 10x bagger
VCCircle
·
1y ago
Medial
Elevation Capital, a prominent venture capital firm in India, has recently experienced a successful exit, despite the difficulties faced by one of its key investments, Paytm. Elevation Capital has been a major investor in Indian technology startups and continues to make valuable exits. The firm recently raised significant funds and has been actively investing in the fintech sector. With its track record of profitable exits, Elevation Capital remains a significant player in the Indian startup ecosystem.
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Meta's Krishna Mehra joins Elevation Capital to lead AI investments
Economic Times
·
7m ago
Medial
Krishna Mehra, co-founder of Capillary Technologies, has joined Elevation Capital as a partner to lead AI and SaaS investments from Silicon Valley. With his experience in engineering AI-driven products at Facebook and his background in cloud systems and startups, Mehra will contribute to Elevation Capital's focus on the India-US corridor. The move aligns with the increasing trend of Indian founders targeting global markets from the outset. Elevation Capital's SaaS Compass program, offering mentorship to founders, will be further expanded with the appointment. Elevation Capital has already invested in numerous SaaS and AI companies.
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