Krishna Mehra joins Elevation Capital as Partner to bolster AI investments

Elevation Capital, a leading early-stage VC firm in India, has announced the appointment of Krishna Mehra as Partner to lead its SaaS (Software-as-a-service)   and AI (artificial intelligence)  investments for funds.

Elevation has invested in nearly 30 AI companies in the last four years. The company said Mehra, based in Silicon Valley, will help boost Elevation’s leadership in the SaaS and AI sectors.

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Elevation has invested in nearly 30 AI companies over the last four years. The company said Mehra, who will be based in Silicon Valley, will further strengthen Elevation’s leadership in the SaaS and AI sectors, bringing a unique mix of experience as a founder, operator, and investor.
Mehra will play a key role in strengthening Elevation’s focus on the India-US connection.

This is especially important as Indian SaaS and AI founders are aiming to serve global markets from the start. His presence will also help the firm connect more with Indian diaspora founders who are using talent and innovation from both countries.

Mukul Arora, Co-Managing Partner, Elevation Capital said, “Krishna carries an exceptional track record as a founder, operator, and investor. And his values deeply resonate with us - his humility, long-term thinking, hands-on and empathetic approach to working with founders, and missionary zeal to help them succeed, align perfectly with our philosophy at Elevation. We are extremely bullish on Indian founders building category-defining AI companies for the world, and with Krishna leading our presence in Silicon Valley, we are better positioned than ever to help founders realize this opportunity,”.

Krishna Mehra, Partner, Elevation Capital, said "India's SaaS ecosystem has matured, producing global success stories across categories. Indian talen now leads the AI revolution, building transformative products worldwide. Armed with playbooks, the hunger to succeed, and strong support systems, founders are ready to seize the AI era. Over 40% of Silicon Valley companies have Indian diaspora founders, showcasing India’s unique positioning. With world-class talent, a proven track record, and the AI platform shift leveling the field, I’m thrilled to join Elevation at this pivotal moment to help SaaS+AI founders build category-defining global leaders."

In his recent role at Meta, Krishna led engineering for messaging ads, generating over $10B in revenue with AI-driven products and deploying some of the world’s largest machine-learning models, including Meta’s early adoption of Llama. Before Meta, he designed enterprise-level, exabyte-scale cloud systems at Cohesity. Mehra co-founded Capillary Technologies in 2008, helping build India’s early SaaS landscape and growing the company to serve 300 million consumers worldwide.

Mehra later co-founded Taro, a marketplace and subscription startup, which was acquired by EAT Club after delivering over a million meals. He has also been actively investing in early-stage startups as an angel investor, backing over 40 companies, including Innovaccer and MoEngage, and helping create over $5 billion in enterprise value.

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