Elevation Capital’s Vivek Mathur, partner and chief operating officer (COO), has quit the venture capital firm after a 14-year stint at the company.

He held board positions in several portfolio firms, including Paytm and Aye Finance.

“These past 14 years have been a true masterclass in investing,” Mathur said, announcing his exit on social media and reflecting on his time at Elevation, where he played a key role in portfolio success and board-level engagements.

Mathur is now moving into an advisory and mentorship role. He plans to work with early-stage startups in the D2C, agritech, climate, and defence tech sectors, helping them scale from inception to IPO by refining growth strategies and improving operational efficiencies.

“I am excited to mentor a new cohort of promising founders that are building ventures poised for rapid growth. With rapid growth comes the need for strategic mentorship that could help make the vision of these founders come true. I’m looking forward to being a thought partner all the way from inception to IPO – whiteboarding, working on growth plans, identifying operating efficiencies and charting paths to profitability!,” he said.

Changes in Elevation Capital

The VC firm has seen a few changes in the last year. It recently appointed Capillary Technologies co-founder Krishna Mehra as a partner to lead its AI and SaaS investments from Silicon Valley.

In October, the VC firm promoted Vaas Bhaskar and Chirag Chadha to partner roles, focusing on fintech and consumer tech, respectively. Ashray Iyengar was promoted to principal partner.

He joined the existing network of partners, which includes Ravi Adusumalli, Mukul Arora, Mridul Arora, and Mayank Khanduja, as well as Gopalan and Goel from the Founder Success team.

Elevation Capital, which has backed over 190 companies, including Swiggy, Unacademy, Meesho, Acko, Urban Company, MakeMyTrip, and FirstCry, closed its eighth India-dedicated fund at $670 million in April 2022.