Ravi Adusumalli (Elevation Capital)

Overview

Ravi Adusumalli is a prominent figure in the venture capital industry, particularly known for his work with Elevation Capital, formerly known as SAIF Partners. As of 2025, he serves as Co-Managing Partner at the firm and has been instrumental in shaping its investment strategies and portfolio. Ravi's expertise spans various sectors, including fintech, consumer technology, and financial services, with a particular focus on growth-stage investments. His strategic investments include stakes in major Indian companies such as Paytm, MakeMyTrip, FirstCry, and Urban Company. Ravi's influence extends beyond financial investments; he plays a vital role in mentoring startup founders, helping them navigate challenges and scale their businesses effectively.

Recent Developments

In recent years, Ravi Adusumalli has continued to make significant contributions to the venture capital landscape through Elevation Capital.

May 2025: Elevation Capital witnessed a successful exit from one of its tech investments, bringing a $150 million valuation to the company in their portfolio.
June 2025: The firm again had a profitable exit from one of its long-standing internet investments, continuing its successful streak of lucrative exits.
September 2024: Elevation Capital promoted Mukul Arora to Co-Managing Partner, signifying a significant internal development and leadership shift.
October 2024: Ravi oversaw the closing of a new $670 million India-focused fund, continuing to expand their investment footprint in emerging sectors such as AI and fintech.
2024-2025: Ravi maintained a strong presence on various boards, including Paytm, and facilitated strategic decisions that align with Elevation’s commitment to supporting startup ecosystems in emerging markets like India and Switzerland.

Personal Information

Attribute	Information
Full Name	Ravi Chandra Adusumalli
Born	Salt Lake City, Utah, USA
Nationality	Indian-American
Occupation	Venture Capitalist
Known For	Elevation Capital (SAIF Partners)
Net Worth	Estimated $0 – $60M
Education	Cornell University

Early Life and Education

Ravi Chandra Adusumalli grew up in Salt Lake City, Utah. He pursued his higher education at Cornell University, where he graduated in 1998 with a degree in Economics. Post-graduation, Ravi started his career at Wasatch Funds, followed by Credit Suisse First Boston. His keen interest in venture capitalism led him to Mobius Venture Capital in Silicon Valley. It was in 2002 that Ravi's journey with SAIF Partners began when he joined as a partner. These diverse experiences equipped him with a unique perspective and valuable skills that he leveraged to build a successful career in VC.

Career and Notable Achievements

Ravi Adusumalli’s career is marked by significant achievements in the venture capital sector:

Founding and Leadership: Founder and Co-Managing Partner at Elevation Capital (formerly SAIF Partners), where he drives investment strategies.
Investment Highlights: Played a crucial role in early investments in successful ventures like Paytm, MakeMyTrip, and FirstCry.
Strategic Exits: Achieved major exits including MakeMyTrip, which saw a significant return on investment.
Mentoring Role: Known for his mentorship to startup founders, offering strategic guidance and fostering growth.
Recognition: Awarded the Midas Touch Award for Best Investor by The Economic Times Startup Awards 2017, recognizing his astute investment decisions.

Current Work and Impact

Currently, Ravi Adusumalli continues to influence the venture capital industry through his role at Elevation Capital. His strategic insights into the tech and consumer sectors have positioned the firm as a leading player in venture investments in India. Through his guidance, Elevation Capital remains committed to fostering startups that are set to drive the future of technology and consumer services in India and beyond. Ravi's dedication to building strong partnerships with founders underscores his lasting impact on the startup ecosystem.

Elevation Capital Founder

Elevation Capital, co-founded by Ravi Adusumalli, has become a cornerstone in the Indian venture capital scene. The firm has mentored numerous startups, helping them scale and achieve significant milestones. Its robust portfolio includes high-growth companies in areas like consumer tech and fintech. The rebranding from SAIF Partners to Elevation Capital emphasized a commitment to innovation and alignment with Ravi’s vision of transforming the investment landscape.

Ravi Adusumalli Net Worth

Ravi Adusumalli's estimated net worth reflects his success and influence in the venture capital space. With investments in multiple high-stakes ventures and profitable exits, his financial footprint spans a significant range. Although exact figures can vary, his net worth is often cited between $0 to $60 million, underscoring his status as a prominent investor.

Mukul Arora Elevation Capital

Mukul Arora has been promoted to Co-Managing Partner alongside Ravi Adusumalli, marking a significant milestone in his leadership at Elevation Capital. Under their joint leadership, the firm continues to drive significant growth, focusing on early-stage investments that promise high returns on investment.

Conclusion

Ravi Adusumalli remains a transformative figure in the venture capital industry, leveraging his astute investment acumen to propel Elevation Capital as a leader in the sector. Through strategic investments and mentorship, he has played an instrumental role in shaping some of India's most successful startups. His impact extends beyond mere financial success, fostering a legacy of innovation and growth that promises to influence future generations of entrepreneurs and investors.