Elev8 Venture Partners is a Bengaluru-based growth and expansion investment firm founded in 2022. The firm focuses on backing technology-driven companies at the growth stage, helping them scale across India and beyond. Elev8 combines a venture capital approach with growth equity discipline, positioning itself as a long-term partner for entrepreneurs in fast-growing markets.
Elev8 Venture Partners targets growth-stage technology companies, typically those that have already reached significant revenue traction and are seeking capital to accelerate expansion. Its portfolio spans industries such as fintech, internet retail, B2C services, productivity software, and consumer-facing technology platforms.
Elev8 Venture Partners closed its debut fund at 160 million dollars.
In total, it plans to make 12 to 13 investments from the fund. Typical investment sizes range from 10 to 15 million dollars, with flexibility to commit up to 30 million dollars in select cases, targeting ownership stakes of 7 to 14%.
This fundraise comes during a busy year for India’s venture capital ecosystem, where larger players such as Accel, Bessemer, Elevation Capital, and A91 Partners have also announced significant new funds, alongside sector-focused firms like Yali Capital, Speciale Invest, and Unicorn India Ventures.
Elev8 positions itself as a differentiated growth-stage investor, bridging the gap between early-stage venture and larger private equity.
Leadership
Elev8 is led by Navin Honagudi, Managing Partner, with over 16 years of experience in venture capital and private equity. He previously co-founded Kae Capital and backed companies such as Healthkart, Porter, 1MG, and Zetwork. He is joined by Ashpi Gupta, Principal, with nearly two decades of operational, strategy, and investment experience at Walmart IDC, InMobi, and Aditya Birla Group.
Another key leader is Abhisekh Shah, Principal, with more than a decade of experience across growth investing, seed funds, and funds of funds.
Investment Strategy
The firm’s strategy is to identify and invest in technology companies that are already generating revenue and positioned to scale further with growth capital. Elev8 typically invests in companies across fintech, digital consumer services, and enterprise technology, often leading or co-leading growth rounds. Its approach emphasizes both financial returns and active support in business expansion.
Notable Investments
Elev8 Venture Partners has backed companies such as:
These investments reflect its interest in fintech, digital retail, consumer internet services, and productivity software. The portfolio highlights a focus on technology-enabled businesses serving both individuals and enterprises across India.
Notable Exits
Elev8 Venture Partners has completed seven exits to date. Recent exits include BluSmart in July 2025, ReshaMandi in August 2024, and earlier notable transactions such as Paytm and Beardo. These exits demonstrate the firm’s ability to identify scalable companies and secure liquidity across different industries and deal structures.
Other
Elev8 Venture Partners operates at the intersection of growth equity and venture capital, giving it flexibility to back both emerging leaders and established technology platforms. The firm is actively seeking new investments and continues to expand its portfolio in India’s high-growth sectors.
