Elevation Capital launches $500M fund with focus on Indian AI startups

Early stage venture capital firms Elevation Capital has announced the launch of its $500 million Fund IX with a specific focus on artificial intelligence (AI) startups in India as it believes there is a once-in-a-generation opportunity for Indian founders. The new AI focused fund of Elevation Capital will invest at the Seed and Series A stages of funding as the firm’s goal is to partner early and have a deep partnership with these startups, a post from the firm said.