Veteran VC Mayank Khanduja steps down as partner at Elevation Capital…

Team S · 2026-01-27T13:38:51.000Z

Mayank Khanduja, a long-time partner at leading India-focused venture capital firm Elevation Capital, has stepped down from his role after nearly 15 years with the firm, marking the end of a significant era in his investment career. Khanduja joined Elevation Capital in 2011 and was elevated to partner during his tenure, where he played an influential role in backing technology startups across sectors including consumer tech, gaming, healthcare, AI, deep tech and advanced manufacturing. His departure comes as part of a broader phase of senior leadership changes in the venture capital landscape, with Khanduja announcing he plans to take some time off to spend with family and explore future opportunities, while remaining on the boards of several Elevation-backed companies. During his time at Elevation Capital, Khanduja worked on portfolio companies that spanned early- and growth-stage investments - contributing to the firm’s support of emerging tech ecosystems that have generated standout success stories over the last decade. His exit follows a period of strong activity in Indian venture capital, with evolving investor strategies and senior team transitions becoming more common as funds adapt to changing market dynamics and founders increasingly seek specialised support.

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Veteran VC Mayank Khanduja steps down as partner at Elevation Capital… | Newnex