Vivek Mathur Leaves Elevation Capital After 14 Years for Mentorship:

After 14 years at Elevation Capital, Mathur is shifting from a backend role with portfolio companies to advisory and mentorship position for early-stage startups such as D2C, agritech, climate, and defense tech. Swiggy, Unacademy, and Meesho were just a few startups Elevation Capital partnered with, and Vivek plans to hone young ambition’s strategies and operational prowess to help the companies grow from inception till IPO.

During Mathur’s time at Elevation along with partners Vaibhav Goel and Ramanuj Gopalan, he did not have a role in the investment but was crucial in the Founder Success team and assisting a variety of portfolio companies regarding governance, regulatory compliance, structuring the finance team, as well as the entire IPO process, all of which where he held board. Paytm and Aye Finance are just a few of these firms.

On social media, Vivek has also stated the last 14 years of his life have been crucial from a learning perspective and are a class in themselves. During his time at Elevation,” Mathur said, “his focus as well as the primary area of concern for the company was portfolio success, which enabled him to interact at a board-level which further enhanced his experience.

“I look forward to supporting a new batch of ambitious founders that are building scalable ventures. With scale, there also emerges a need for mentorship that is strategic in nature, one that could help make the visions of these founders come true. I’m looking forward to being a thought partner right from inception to IPO – whiteboarding, growth plans, operational efficiencies, and paths to profitability,” he said.

Elevating Changes at Elevation Capital

Mathur’s departure does come within a more broad leadership shuffling that was happening at Elevation Capital. In December, the firm brought on board Capillary Technologies co-founder Krishna Mehra as a partner to advance AI and SaaS investments from Silicon Valley.

The venture capital firm also changed its headcount earlier this month when Vaas Bhaskar and Chirag Chadha were made partners with focus on fintech and consumer tech respectively. Principal Partner Ashray Iyengar was also made a partner.

The newly promoted Mr. Chadha and Mr. Bhaskar follow a roster of partners which includes Ravi Adusumalli and Mukul Arora as well as Mridul Arora and Mayank Khanduja in addition to Gopalan and Goel from the Founder Success team.

Elevation Capital has invested in over 190 companies, which includes Swiggy, Unacademy, Meesho, and Acko, Urban Company, MakeMyTrip, FirstCry, had closed its 8th India preferred fund, March 2022, at 670 million dollars.

Many other venture firms are also witnessing exits in leadership positions recently. Peak XV Partners noticed the exits of both Shailesh Lakhani and Abheek Anand who were managing directors for a long period. Even though they are stepping away from full time investing, they will continue to serve on selected boards.

In a similar fashion, Shashank Randev, Co-Founder and Partner at 100X.VC, also left the firm in October which indicates further activity in the Indian VC industry.