Elevation Capital Mergers and Acquisitions Summary

Venture Capital Firm Profile

Elevation Capital’s most common sectors for investment areinformation technology (18%) and internet software and services (18%) . The Firm’s most common investment types include venture (30%) and buyout (lbo, mbo, mbi) (24%). In total, Elevation Capital has invested in 2 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired Movate for $23M.

The Firm’s most common exit type is stake sale (34%). Elevation Capital’s largest (disclosed) exit occurred in 2013 when it sold Movate for $270M.

Join Mergr to view Elevation Capital’s full profile and discover more large venture capital firm investors just like it.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity17
    • M&A Sell Activity6
  • Total Sectors Invested 11
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9

Elevation Capital

1502, 15th Floor, One Horizon, Sector 43, DLF Phase V, Golf Course Road ,
Gurgaon, 122002
India
+91 124 4965500
www.elevationcapital.com
info@elevationcapital.com

Elevation Capital is a private investment firm focused on growth capital investments in Indian companies. The Firm will consider opportunities at all growth-oriented stages. Sectors of interest include information technology, internet, mobile, consumer products, consumer services, healthcare, clean technolgy, education, agriculture, financial services, and manufacturing. Elevation Capital was formed in 2002 and is based in Gurgaon, India.


Investment Criteria

Sectors of Interest: Beverages, Business Services, Communications, Consumer Products, E-Commerce, Education, Engineering, Financial Services, Food, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Life Science, Manufacturing, Media, Restaurants

Target Transaction Types: Growth Capital, Venture

Geographic Preferences: Central Asia/India

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 2 75
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 17 - - - - - 17
vol $28M $28M
Sell (0.0/yr) # 6 - - - - - 6
vol $469M $469M
  23

Most Recent M&A

Company Date Value Type
Edelweiss Financial Services Ltd. 2017-03-10 - Stake Sale
Mumbai, India · www.edelweissfin.com
National Stock Exchange of India Ltd. 2015-09-25 - Secondary Buyout
Mumbai, India · www.nseindia.com
Manpasand Beverages Pvt Ltd. 2015-07-09 - IPO
Vadodara, India · www.manpasand.co.in
Movate 2013-06-26 270M USD Secondary Sale
Plano, Texas · www.csscorp.com
Havells India Ltd. 2013-05-31 - Stake Sale
Noida, India · www.havells.com
JustDial Ltd. 2013-05-20 - IPO
Mumbai, India · wwww.justdial.com
Persistent Systems Ltd. 2012-12-19 - Stake Purchase
Pune, India · www.persistent.com
Blue Star Ltd. 2012-07-13 - PIPE
Mumbai, India · www.bluestarindia.com
PropTiger.com 2012-04-20 - Venture
Gurgaon, India · www.proptiger.com
Pennar Industries Ltd. 2011-12-15 - Venture
Hyderabad, India · www.pennarindia.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Information Technology - - 3 (18%) 23M (80%)
Internet Software and Services 2 (50%) - 3 (18%) -
Engineering 1 (25%) - 2 (12%) -
Financial Services 1 (25%) - 2 (12%) -
E-Commerce - - 1 (6%) 6M (20%)
Beverages - - 1 (6%) -
Communications - - 1 (6%) -
Education - - 1 (6%) -
Electrical Equipment - - 1 (6%) -
Media - - 1 (6%) -
Restaurants - - 1 (6%) -
Total 4 - 17 $28M

Acquisitions By Geo

State/Country Current # Value All-time # Value
India 4 (100%) - 15 (88%) 6M (20%)
United States - - 2 (12%) 23M (80%)
  Texas - - 1 (6%) 23M (80%)
  New Jersey - - 1 (6%) -
Domestic 4 (100%) - 15 (88%) 6M (20%)
Cross-border - - 2 (12%) 23M (80%)
Total 4 - 17 $28M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 1 (25%) - 5 (29%) -
Buyout (LBO, MBO, MBI) - - 4 (24%) 28M (100%)
Stake Purchase 1 (25%) - 4 (24%) -
PIPE 1 (25%) - 2 (12%) -
Growth Capital - - 1 (6%) -
Secondary Buyout 1 (25%) - 1 (6%) -
Total 4 - 17 $28M

Exits by Deal Type

Type Total # Value
IPO 2 (33%) -
Stake Sale 2 (33%) -
Secondary Sale 1 (17%) 270M (58%)
Trade Sale - Public Company 1 (17%) 199M (42%)
Total 6 $469M

Deal Values

buy # Total
< $100M 2 $28M
TOTAL $28M
Largest Movate
$23M (2006-01-01)
sell # Total
$100M to $1B 2 $469M
TOTAL $469M
Largest Movate
$270M (2013-06-26)

M&A Connections

Deals
Acquired from
Investor(s)
6%
1 (6%)
Exited to
Investor(s)
17%
1 (17%)
Strategic(s)
33%
2 (33%)

Investor Summary

Investor Type

Venture Capital Firm

Size

Large

PE Assets

2.0B USD

Established

2002

Specialist/Generalist

Generalist

Leadership

Ravi Adusumalli

Founder & Co-Managing Partner

Deepak Gaur

Partner

Mayank Khanduja

Partner

Mridul Arora

Partner

Mukul Arora

Partner

FAQ

When was Elevation Capital founded?

Elevation Capital was founded in 2002.

What type of investor is Elevation Capital?

Elevation Capital is a venture capital firm.

Where is Elevation Capital headquartered?

Elevation Capital is headquartered in Gurgaon, India.

How much capital does Elevation Capital have under management?

Elevation Capital has 2.0B USD under management.

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