Full-Time
Chief Financial Officer
Updated on 9/4/2026
Elevation Capital
11-50 employees
Invests in early-stage startups and founders
No salary listed
Mumbai, Maharashtra, India
In Person
Bachelor's
 Finance & Banking (1) |
|---|
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- A minimum of 15+ years of progressive financial leadership experience, including at least 5 years in a CFO or equivalent senior finance role.
- A bachelor's degree in Finance, Accounting, or a related field.
- CA or CPA qualification is required.
- In-depth knowledge of Indian tax, regulatory frameworks, and corporate governance best practices.
- Proven experience in financial strategy, capital raising, and transaction advisory within India.
- Strong command of financial modelling, valuation, and business partnering.
- Exceptional communication and influencing skills to collaborate with investors, regulators, and executive leadership.
- Develop and execute the company’s financial strategy to enable rapid scaling and long-term value creation in Indian and global markets.
- Advise the CEO and Board on capital structure, funding strategies, and financial risk management.
- Lead fundraising and India-focused IPO preparation initiatives.
- Lead financial due diligence, valuation, and integration for domestic and cross-border mergers and acquisitions, joint ventures, and strategic partnerships.
- Shape financial modelling and scenario analysis for inorganic growth opportunities.
- Drive budgeting, forecasting, and financial analysis aligned with business key performance indicators.
- Partner with commercial, operations, and product teams to translate market realities into actionable financial insights.
- Oversee the finance function, ensuring accuracy, timeliness, and compliance with Indian Accounting Standards, goods and services tax, corporate tax laws, and other statutory requirements.
- Manage audits and liaison with tax authorities and regulatory bodies, and ensure robust internal controls.
- Optimize cash flow and working capital, and manage banking relationships with Indian financial institutions.
- Manage foreign exchange risks related to cross-border transactions and fundraising.
- Identify, evaluate, and mitigate financial risks specific to the Indian business environment.
- Strengthen internal controls and compliance with corporate governance, anti-bribery laws, and data privacy norms.
- At least 5 years in a CFO or equivalent senior finance role, preferably in high-growth Indian or regional firms.
Elevation Capital is an early stage venture capital firm that partners with audacious founders. It helps ambitious startups get resources and guidance at the very beginning of their journey, aiming to support bold ideas before they prove themselves. The firm’s approach focuses on forming close partnerships with founders who are building ambitious, long-term companies, and it demonstrates openness by inviting early contact.
Company Size
11-50
Company Stage
N/A
Total Funding
$3.6B
Headquarters
Gurugram, India
Founded
2011
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Simplify's Take
What believers are saying
- July 2026 Fund IX closed at $500 million, with $900 million deployable capital.
- Portkey exited to Palo Alto Networks on May 29, 2026, validating Elevation's AI thesis.
- June-July 2026 deals Reo.Dev and Plazza show momentum in enterprise AI and healthcare.
What critics are saying
- Fund IX depends on a few winners; one weak vintage damages 2030 fundraising.
- AI and deeptech seed rounds face brutal competition from Accel, Lightspeed, Peak XV.
- If Portkey-style exits stop, Elevation becomes a high-fee capital pool without landmark returns.
What makes Elevation Capital unique
- July 2026 Fund IX and Holdings create a seed-to-IPO barbell.
- Elevation backs India founders early, then stays through public-company scale.
- Its thesis centers on AI-native and deeptech startups serving India and global buyers.
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Company News
Bengaluru sneaker brand Comet is raising ₹98.75 crore in a Series B round led by Belgian investment firm Verlinvest, according to a regulatory filing. The round values the company at roughly ₹535 crore, up 3.2 times from its July 2024 Series A valuation of ₹167 crore. Verlinvest is investing ₹61.73 crore, while existing backers Elevation Capital and Nexus Ventures are each contributing ₹17.90 crore. Urban Company co-founder Abhiraj Singh Bhal and Bhaane Retail are investing ₹50 lakh each. The raise falls short of the ₹140-150 crore Comet was reportedly seeking in March. Founded in 2023 by Utkarsh Gupta and Dishant Daryani, Comet sells sneakers priced around ₹4,299, positioned between budget local footwear and premium global brands. In FY25, Comet's revenue rose nearly fourfold to ₹29 crore, with losses of ₹4.39 crore.
SolarSquare has raised $53 million in a Series C funding round led by B Capital, bringing its total funding past $100 million. Former India cricket captain MS Dhoni invested through his family office Midas Deals and joined as brand ambassador. The rooftop solar startup, founded in 2015, pivoted to residential customers in 2021. It has since installed solar systems across approximately 50,000 homes and 400 housing societies in 29 cities. The company claims annual revenue exceeding ₹1,000 crore (approximately $114 million). SolarSquare will use the funding to expand into 30 to 40 new cities, enhance its technology platform, and develop battery storage and home energy management solutions. The round values the company between $450 million and $500 million. Existing investors include Lightspeed Venture Partners, Elevation Capital, Lowercarbon Capital, Rainmatter by Zerodha, and Good Capital.
Zo House Bengaluru hosts Sarvam AI's BuildIn' Hours hackathon: 6,272 applied in 48 hours, 100 got in. Zo House, India's first permanent hacker house network, hosted Sarvam BuildIn' Hours, Sarvam AI's 12-hour in-person hackathon and the Bengaluru leg of Elevation Capital's Basecamp Week. Built and operated by hackathon platform HackCulture, the event was announced just 48 hours before it took place and still drew 6,272 applications, of which only 100 builders were selected to participate, an acceptance rate of roughly 1 in 62. Over 12 continuous hours, the selected builders developed and shipped projects across four tracks: Voice AI, Document Intelligence, Multilingual AI, and AI Agents, all built on the Sarvam stack. Each team received ₹5,000 in Sarvam credits and access to mentors drawn from across the AI ecosystem, including Sarvam AI, IBM, Qdrant, Razorpay, and Google for Startups Accelerator. A prize pool of ₹5,00,000 was distributed across the top three teams, chosen by an expert jury that included AI and technology creator Arsh Goyal. The winning projects The three top-ranked builds reflected a shared focus on solving practical problems for Indian users: * Government Tender Discovery and Application for MSMEs, built on Sarvam Vision, a working prototype designed to simplify tender access for small businesses. * Storytelling for Kids in Indic Languages, an interactive approach to early learning in regional languages. * Setu, a tool that enables people who cannot speak to communicate visually. Sarvam AI, Elevation Capital's Basecamp, and HackCulture each chose Zo House over a conventional venue, a decision that speaks to what the house has come to represent for India's builder community. Zo House is not a venue to be booked or a dorm to stay in. It is a running community of founders that does not pause between events, and for one Sunday, 100 builders walked into a community already mid-conversation and were invited to join it. "Zo House was built to be the room where real building happens, not a space you book for a day and leave. When Sarvam, Elevation, and HackCulture chose to run something of this scale here, it reflected exactly what we set out to create: a living community of founders that does not pause between events. Watching 100 builders ship real solutions for India in 12 hours is the clearest proof of what this house is for," said Aviral Gupta, CEO, Zostel and Zo World. Sarvam AI is building India's sovereign AI stack, including foundation models trained from scratch for Indian languages, speech models, and a consumer application already used at scale. The company was selected by the Ministry of Electronics and Information Technology to help develop the country's sovereign large language model ecosystem. The hackathon was held during Elevation Capital's Basecamp Week, an initiative that brings founders and builders together, and was executed by HackCulture, a platform used by enterprises and ecosystem players to run outcome-driven hackathons. Zo House Bengaluru continues to host a series of builder events across the AI and startup ecosystem, with a founder personal branding session, a women-only founders dinner, and a Superteam x Startup Village hacker house among those lined up next. Zo House Bangalore is the first node in what Zo World envisions as a national network of permanent hacker houses, each designed not as short-term accommodation but as a long-term lifestyle choice for founders who want to build in the right ecosystem. The network sits within the larger Zo World universe, which has built India's most recognized community-first travel and living infrastructure over the past decade. With India producing an increasing number of early-stage founders competing on the global stage, Zo House positions itself as the missing piece between a great idea and the environment needed to execute it at speed.
Bengaluru-based athleisure startup BlissClub has raised Rs 160 crore in a funding round led by Singularity AMC. Existing investors Elevation Capital and Eight Roads Ventures participated, alongside personal investments from founder Minu Margaret and her husband, Meesho cofounder Vidit Aatrey. The company will use the funds to expand product categories, scale offline retail, and invest in technology. Founded in 2020 as a women's activewear brand, BlissClub has expanded into menswear and plans to launch denim. BlissClub expects to close FY26 with around Rs 200 crore in net revenue whilst improving profitability. The company derives 80–85% of revenue online, with nearly 80% through its own channels. It currently operates in major cities including Bengaluru, Delhi, Mumbai, Hyderabad and Pune.
Plazza has raised funds to expand its pharmacy network, aiming to improve medicine availability as India’s digital health and quick commerce sectors continue to grow.