Elevation Newsletter - July '24
Welcome to a brand new edition of Summit Review, where we keep you updated on everything that's been happening here at Elevation and our portfolio companies.
Over the past month, we’ve had the pleasure to meet and exchange ideas with several builders, budding entrepreneurs and senior operators through events and perspectives from our SaaS, Consumer, Fintech & Gaming practices, and our Portfolio Services team.
As always, we are eager to meet audacious founders with groundbreaking ideas. If that's you, do reach out to us.
Let's dive in!
Upcoming Events:
Elevation AI Frontiers Ideathon, a first-of-its-kind competition for AI enthusiasts looking to reimagine the next wave of consumer applications with AI. The deadline to register and submit your idea is August 30.
Portfolio News
FirstCry IPO
Congratulations to Supam, Amitava, and the entire FirstCry team on a stellar IPO! As FirstCry lists on the stock exchanges, we're filled with admiration for the team's dedication and hard work in building one of India's most loved retail platforms. In this article, our team takes a trip down memory lane and reflects on the many battles FirstCry fought over the years since our Series A investment and how they came out on top.
Skydo
We are thrilled to continue our partnership with Skydo by leading their $5M pre-Series A round. Srivatsan Sridhar and Movin Jain are reshaping how Indian Enterprises, MSMEs, and freelancers manage international transactions, with an aim to save them $1B in FX fees over the next three years. Wishing the team continued success!
Infinyte Club
We are proud to partner with Infinyte Club by leading their $3.6M Seed round and can’t wait to see the positive impact Ankita Tandon and Joylita Saldanha will have in democratizing wealth creation. Infinyte Club is bringing traditionally locked-away asset classes, like private market and alternative assets, into the hands of intelligent investors empowering them to actively shape their financial futures. Congrats to the team on the official launch of the platform!
Elevation Perspectives
GenAI in Consumer Applications: Our Thesis for India
From content generation platforms to assisted shopping, we’ve identified six exciting themes in the consumer GenAI applications space with immense potential for founders to innovate in and create value. We present our reasons for excitement, along with global examples and emerging Indian players for each. Download the report here. If you're building in consumer GenAI, we'd love to hear from you.
Recommended by LinkedIn
The State of GenAI in Consumer Applications
We take stock of the current state of consumer-facing GenAI applications across mobile and web platforms, uncovering trends and insights on their adoption and emerging use cases. Our analysis revealed interesting trends and learnings that we believe would serve as a critical benchmark for founders building GenAI applications from India. Download the deck here.
Dezerv: A Masterclass in Building for Affluent India
In this illuminating Day One podcast episode with Vaas Bhaskar (Principal, Elevation Capital), Dezerv co-founder Sandeep Jethwani takes us through his journey of building a trusted financial services brand for India's affluent investors.
Building a High-Impact Outbound GTM Engine
In this SaaS Compass Field Guide, Neej Parikh (Co-Founder & Co-CEO, Exordiom) shares a comprehensive playbook on scaling outbound GTM engines, covering everything from team building to sustaining success using the LASER framework.
Elevation Events
GameOn Hackathon
To showcase the potential of alternate distribution platforms, we hosted the GameOn Hackathon, supported by Epic Games. Centered around Fortnite, the hackathon provided game developers with a unique opportunity to leverage Unreal Editor for Fortnite (UEFN) to create innovative gaming experiences. The winners were awarded cash prizes and Google Cloud credits to help launch their games commercially. The hackathon culminated in a wonderful networking dinner, where attendees had the chance to connect, share ideas and discuss future collaborations.
Leveraging Tech in Finance: Elevation Knowledge Series
At Elevation, we're dedicated to equipping our portfolio companies with the right knowledge and resources they need to thrive. Our latest Elevation Knowledge Series event, ‘Leveraging Tech in Finance,’ brought together our portfolio finance teams to focus on making finance operations more efficient and data-driven through technology and automation. We're committed to continuing these valuable sessions and fostering a community of empowered finance leaders equipped to scale their companies faster and more efficiently.
Elevation in Media
See you in the next edition!