The new fund will predominantly focus on AI related startups and invest at the seed and series A stage of funding.

Indian AI startups attracted over $1 billion in funding during H1 2026, with major players like Sarvam and Emergent Labs driving significant investments in frontier technologies.

Through its ninth India fund, Elevation will back early-stage startups building AI-led businesses tackling India's large, operationally complex challenges in healthcare,…