Mukul Arora, co-managing partner of Elevation Capital, has won the prestigious Midas Touch Award at the ET Startup Awards 2024. The jury selected Arora after careful consideration, recognizing his exceptional performance in leading Elevation Capital to successful exits in a competitive market. Arora’s leadership has been crucial in securing high-profile exits for Elevation Capital, delivering substantial returns to investors and strengthening market confidence in the firm’s strategic vision.
The jury evaluated key criteria such as the scale of success, impact on the startup ecosystem, and the strategic insights demonstrated in guiding investments to fruition. Arora’s expertise and remarkable ability to identify and nurture transformative ventures set him apart from other contenders. Notable candidates for the Midas Touch Award included Suvir Sujan from Nexus Venture Partners, Ishaan Mittal from Sequoia Capital, Kunal Bahl and Rohit Bansal, co-founders of Snapdeal, Vikram Vaidyanathan from Matrix Partners, and Rahul Chowdhri from Stellaris Venture Partners.
The ET Startup Awards 2024 acknowledged Arora’s invaluable contributions to shaping the future of the startup ecosystem. His successful management of Elevation Capital’s investment portfolio highlights the reasons behind his recognition with the Midas Touch Award.
Arora’s path to investment success
The awards celebrate the most innovative minds and companies in India’s entrepreneurship landscape. Other winners at the event included Hardika Shah from Kinara Capital, BrainSight AI, Rentomojo, Haqdarshak, ClaimBuddy, and Lenskart. The event recognizes the efforts of investors, entrepreneurs, and business leaders who drive growth and development across various sectors.
It serves as an annual highlight, showcasing the dynamic nature of India’s startup ecosystem and its integral role in both local and global markets. Union Minister Piyush Goyal is set to attend the tenth edition of the Startup Awards 2024, marking his first interaction with startup industry leaders since the removal of the so-called ‘Angel Tax.’ The event, scheduled for September 17, 2024, aims to shed light on the government’s ongoing support for the growing startup ecosystem, a sector witnessing a surge in public listings this year. Minister Goyal’s presence is eagerly anticipated as stakeholders look forward to insights on policy shifts and economic reforms conducive to startup growth.
This year’s awards celebrate innovative companies and entrepreneurs who have made significant contributions to the new-age economy. The ceremony will also feature discussions on the trajectory of India’s startup landscape, offering a glimpse into the future of technology, business, and economic strategies that are shaping the sector’s expansion. For more updates on the event and to read full stories, subscribe to The Economic Times.
