Meta's Krishna Mehra joins Elevation Capital as Partner to lead SaaS, AI investments

Elevation Capital, an early-stage VC firm in India, recently announced the appointment of Krishna Mehra as a Partner to lead SaaS and AI investments for the fund. 

Elevation, to date, has partnered with nearly 30 companies in this domain at an accelerated pace in the last four years.

Mehra, who will be based out of Silicon Valley, is set to further strengthen Elevation’s leadership in the SaaS and AI sectors, bringing a unique blend of experience as a founder, operator, and investor.

Elevation’s commitment to the India-US corridor

He will play a pivotal role in further enhancing Elevation’s commitment to the India-US corridor. The firm believes that Mehra's addition is particularly crucial as Indian SaaS and AI founders increasingly look to serve global markets from day one.

His presence deepens the firm’s engagement with Indian diaspora founders, who are leveraging talent and innovation across both ecosystems, it said.

Mukul Arora, Co-Managing Partner at 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," Arora added.

Krishna Mehra's experience

In his latest stint as the Head of Engineering at Meta, Mehra led AI-driven product teams generating over $10 billion in revenue, and at Cohesity, he built large-scale enterprise solutions. Mehra co-founded Capillary Technologies in 2008, helping establish India’s early SaaS landscape and scaling the company to serve 300 million consumers globally.

He later co-founded Taro, a marketplace and subscription commerce startup, which was acquired by EAT Club after reaching over a million meals delivered.

Mehra has also been actively investing in early-stage startups over the years as an angel and has backed over 40 companies, including Innovaccer and MoEngage, creating over $5 billion in enterprise value.

It has backed SaaS and AI companies, including Clear, Fareye, Zeni, Everstage, Sprinto, Nanonets, Murf.ai, SuperOps, Tracxn, UnifyApps, etc.

What did Krishna Mehra say?

"India's SaaS ecosystem has matured, producing global success stories across categories. Indian talent 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," said Krishna Mehra, Partner, Elevation Capital.

"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," Mehra added.

Elevation Capital, active since 2002, has invested over $2.6 billion across 190 companies, including Swiggy, Unacademy, and Meesho.