India, Aug. 29 -- VC firm Elevation Capital has launched a late stage fund, Elevation Holdings, with a corpus of $400 Mn to back startups looking to go public.

"We are thrilled to launch Elevation Holdings, a unique late-stage vehicle dedicated to supporting technology founders who are seeking to go public in India in the near future," the VC firm said.

The firm, which counts the likes of FirstCry, ixigo, Meesho, and Paytm in its portfolio, said Elevation Holdings will aim for long-term partnership with the companies that have the potential to perform well in the public markets as well as post listing.

"We've seen how generational companies are built, and we know the journey doesn't end at IPO - in many ways, that's just the beginning....