Meta’s Krishna Mehra has joined early-stage venture capital firm Elevation Capital as a partner in the fund to lead its artificial intelligence (AI) and software-as-a-service (SaaS) investments as the VC firm looks to deepen its presence along the India-US corridor.
According to Elevation Capital, at Meta, Mehra led engineering for messaging ads through AI-driven products and deployed some of the earliest Llama models. He previously built cloud systems at Cohesity and co-founded two startups: Capillary Technologies, which provides customer engagement and loyalty software services to companies, and Taro, a chef-to-table marketplace later acquired by EAT Club.
As an angel investor, he’s backed over 40 companies, including Innovaccer and MoEngage.
The joining of Mehra aims to push Elevation’s SaaS Compass programme, which enters its second year, offering founders mentorship from the likes of ThoughtSpot’s Vikram Bhaskaran and Figma’s Scott Pugh. The firm has backed nearly 30 companies in the SaaS and AI space, including Clear, Fareye, and Murf.ai, with increased activity over the last four years.
In October, Elevation Capital promoted two of its principals, Vaas Bhaskar and Chirag Chadha, to the role of partners, with Bhaskar focusing on fintech and Chadha on consumer tech. Other partners include Ravi Adusumalli, Mukul Arora, Mridul Arora, Mayank Khanduja, Ramanuj Gopalan, Vivek Mathur, and Vaibhav Goel.
Elevation Capital has invested over $2.6 billion in more than 190 companies, including Swiggy, Unacademy, Meesho, Urban Company, and Acko. The firm had closed its eighth India-dedicated fund at $670 million in April 2022.
Source: Entrackr : Latest Posts