Elevation Capital, an investor in companies like Meesho and Acko, has closed its ninth India-centric fund with $500 million. The firm plans to use this capital to support early-stage startups, specifically prioritizing those focused on artificial intelligence. This latest fund arrives over four years following the firm's prior $670 million vehicle. The successful raise highlights the continued strength of early-stage funding, even as IPOs and late-stage investments have cooled due to current market volatility.

by shortkt.com✓

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