Elevation’s new India fund; InsuranceDekho charts D-Street path

Happy Tuesday! Elevation Capital is looking to back early-stage AI startups in India from its newest fund. This and more in today’s ETtech Morning Dispatch.

Also in the letter:

■ Govt seeks Mythos-like local model

■ HCLTech’s Q1 report

■ Ather Energy’s fundraising bid

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^{Elevation Capital closes $500 million India fund; to back startups building on AI’s app layer}