Elev8 Venture Partners

Elev8 Venture Partners is a Bengaluru-based, growth-stage venture firm founded in 2022 and led by co-founder and Managing Director Navin Honagudi, who previously spent over a decade as a partner at Kae Capital, where he invested in 50-plus companies including Paytm, Shiprocket and Vedantu. Elev8 runs a $200 million India-focused, sector-agnostic fund (with a debut close around $160 million), licensed as a SEBI Category-II AIF with a green-shoe option, and concentrates on Series B and C rounds in profitable, technology-driven companies that have established product-market fit and are scaling — whether for overseas expansion, inorganic acquisitions, technology-team and CXO hiring, or positioning for an eventual IPO. Ticket sizes run $5–15 million across a focused portfolio of roughly 12–14 companies, spanning consumer internet, SaaS, B2B platforms and fintech, and the firm describes itself as India's first 'Pro Rata' fund, accessing oversubscribed rounds alongside top-tier growth investors via proprietary data-driven algorithms. Elev8 is anchored by South Korea's KB Investment (part of KB Group), which committed around $100 million and supports Southeast Asia expansion, and is institutionally backed by early-stage platform Venture Catalysts. Its portfolio includes smallcase, identity-verification firm IDfy, spiritual-tech platform AstroTalk and no-credit-card EMI provider Snapmint, with the broader team's track record including exits such as BluSmart and ReshaMandi.