Elevation Capital raises $670-M for 8th fund

VC firm Elevation Capital (formerly SAIF Partners) has closed its eighth India-dedicated fund at USD 670 million, its largest ever corpus. Elevation would look to deploy the fresh capital over three years. Elevation will continue to write cheques of USD 2-5 million during the early stages of a startup with capital commitments going all the way up to USD 25 million during the lifecycle of the company.