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Amit Aggarwal to quit Elevation Capital after four years

EntrackrEntrackr · 4m ago
Amit Aggarwal to quit Elevation Capital after four years
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.

MOC Cancer Care raises $18 Mn led by Elevation Capital

EntrackrEntrackr · 4m ago
MOC Cancer Care raises $18 Mn led by Elevation Capital
Medial

MOC Cancer Care raises $18 Mn led by Elevation Capital MOC Cancer Care & Research Centre, a network of community cancer centres, has raised $18 million in funding led by Elevation Capital. Previously, MOC raised $10 million from Tata Capital Healthcare Fund in January 2023 to expand its operations and technological capabilities. The proceeds will be used to expand operations, open new centres, and diversify the range of services offered, said the Mumbai-based company. It operates in the daycare oncology space, focusing primarily on chemotherapy and the medical management of cancer. Founded in 2018 by oncologists Dr Ashish Joshi, Dr Kshitij Joshi, Dr Pritam Kalaskar and Dr Vashishth Maniar, MOC is a concept turned enterprise and a chain of community cancer centres that work to simplify the journey for cancer patients by building an ecosystem that embodies crucial aspects like proximity and affordability. Over the past seven years, MOC claims to have treated over 4.5 lakh cancer patients with a highly qualified team of 47 oncologists while scaling operations to 24 centres in Mumbai, Pune, Rest of Maharashtra, Ahmedabad, Indore, and Chhattisgarh. In May 2024, the company expanded its services by joining hands with Hemato Oncology Clinic (HOC), which was the second-largest independent chain of community cancer care centres in India. This merger has allowed the company to expand its operations in the state of Gujarat. MOC will soon expand its operations in Delhi NCR and other parts of India and develop a molecular oncology lab. Recently, Vivek Mathur, Partner and Chief Operating Officer (COO) at Elevation Capital, left the venture capital firm after 14 years to focus on advisory and mentorship.

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