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Summit Series by Elevation
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Summit Series by Elevation

Author: Elevation Capital

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Join the folks at Elevation Capital as they speak to category-defining founders, seasoned industry leaders, and trailblazers to bring you their stories.
6 Episodes
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In Episode 5 of Summit Series, Mayank Khanduja (Partner, Elevation Capital) speaks to Siddharth Jain (CEO and Co-founder, Playsimple Games) on the journey of building a global gaming giant from India. Founded in 2014 by former Zynga executives Siddharth Jain, Preeti Reddy, and Suraj Nalin along with former WalmartLabs engineer Siddhanth Jain, PlaySimple operates multiple mobile games in the word gaming genre. Today, it is a leading company globally in the free-to-play gaming space, with over 75 million installs and 2 million daily active users. In July 2021, Playsimple was acquired by the Swedish gaming giant, MTG, in what was one of the biggest gaming exits in the Indian startup ecosystem. Elevation partnered with PlaySimple in November 2016 when we invested $3.2 Mn as part of a $4 Mn Series A round in the company. The company did not raise any subsequent capital until the acquisition. The journey with PlaySimple has been one of many firsts for Elevation, and is quite contrary to the way venture-funded businesses are usually imagined and built in India. In this episode, Sid uncovers the nuances behind his unconventional journey, how his time at Zynga helped him scale Playsimple, his frameworks for innovation, how he was able to build a culture of analytics and metrics orientation in the business, and more.
In Episode 4 of Summit Series, Mukul Arora (Partner, Elevation Capital) speaks to Vidit Aatrey (Co-founder and CEO, Meesho) on the zero-to-one journey of building India’s largest social commerce platform. In the six years since its inception in 2015, the scale at which Meesho operates is spectacular. Today, Meesho has over 13 million registered entrepreneurs on its platform, a majority of whom are women, and over one lakh registered suppliers, most of whom are SMEs and new to the internet. The company has helped generate over INR 500 crore in income for entrepreneurs so far and was valued at USD 2.1 Bn in the most recent round of financing led by Softbank. In this episode, Vidit speaks about how he and his co-founder (Sanjeev Barnwal) zeroed in on ‘Meesho 1.0’, the insights which led them to pivot the platform towards women, why he believes that less capital is a blessing in disguise for startups, the culture of customer obsession at Meesho and more.
In Episode 3 of Summit Series, Mridul Arora (Partner, Elevation Capital) speaks to Abhiraj Bhal (Co-founder and CEO, Urban Company) on the journey of building a global home-services company out of India. Urban Company was founded in November 2014. In less than seven years, the company has delivered 25 million+ home services and empowered 35,000+ service professionals to run their own businesses across varied categories, such as beauty, cleaning, plumbing, carpentry, and appliance repair. In Part 2 of this episode, Abhiraj speaks about the evolution of his leadership style and the culture of data transparency at UC, how bar raisers positively influence the team, and why it is important for him to take UC public.
In Episode 3 of Summit Series, Mridul Arora (Partner, Elevation Capital) speaks to Abhiraj Bhal (Co-founder and CEO, Urban Company) on the journey of building a global home-services company out of India. Urban Company was founded in November 2014. In less than seven years, the company has delivered 25 million+ home services and empowered 35,000+ service professionals to run their own businesses across varied categories, such as beauty, cleaning, plumbing, carpentry, and appliance repair. In Part 1 of this episode, Abhiraj speaks about his journey of transitioning from consulting to the start-up world, his advice to founders on fundraising, Urban Company’s value system, and global aspirations, and more. He also talks about how TAM for a category-defining company will always be an open question.
In Episode 2 of Summit Series, Mayank Khanduja (Partner, Elevation Capital), speaks to Ankush Sachdeva (Co-Founder & CEO, Sharechat) about his incredible journey as CEO of India’s first purely non-English social networking platform. He talks about the evolution of Sharechat over the last 6 years and the culture of rapid experimentation in the company. Ankush shares his vision for Mohalla Tech (which owns Sharechat and Moj) as going beyond being just a social media platform to being India’s first AI-powered content ecosystem. He tells Mayank of the power of AI in bringing tailored content to the user, in preventing abuse, and in creating a much more engaging content ecosystem overall. He also speaks about what drives him to greater heights and how his vision for the company is limited only by his dreams and ambitions.
In this inaugural episode of the Summit Series, Ravi Adusumalli, Managing Partner at Elevation, speaks to Deep Kalra, Founder, Group CEO & Chairman of MakeMyTrip. MMT was founded in 2000, was one of the first Indian companies to list in the US, and has been a flag bearer for Indian internet companies. Deep speaks about why he preferred listing in the US over India, how founders should think about growth vs cash burn, how MMT went about hiring and retaining talent in the early days, learnings from MMT’s experience of acquiring GoIbibo, and more.
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