Venture CapitalLeo Capital
StagesPre-Series A
SectorsSaaS / Enterprise, Fintech, Consumer / D2C · Early-stage builders, Founder-led / operator capital
Ticket$500K – $3M
Venture CapitalBack profitable, product-market-fit growth-stage tech companies expanding via overseas expansion, inorganic acquisition, tech-team and CXO hiring or pre-IPO scaling; a research- and data-driven, hands-on partnership model. India's first 'Pro Rata' fund, accessing oversubscribed rounds of top tech companies alongside top-tier growth funds.
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Back profitable, product-market-fit growth-stage tech companies expanding via overseas expansion, inorganic acquisition, tech-team and CXO hiring or pre-IPO scaling; a research- and data-driven, hands-on partnership model. India's first 'Pro Rata' fund, accessing oversubscribed rounds of top tech companies alongside top-tier growth funds.
15 companies mapped to this fund.
Background and context for founders evaluating this investor.
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.
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.
Bengaluru. Founded 2022 by Navin Honagudi (ex-Kae Capital partner, 10+ yrs; 50+ investments incl Paytm/Shiprocket/Vedantu) & Abhisekh Shah. $200M fund (debut close ~$160M), SEBI Cat-II AIF + green-shoe; 12–14 investments planned. Anchored by KB Investment (South Korea's KB Group, ~$100M / 20%). Institutionally backed by Venture Catalysts (VCats group's 4th fund). Portfolio: smallcase, IDfy, AstroTalk (INR 110 Cr), Snapmint; exits incl. BluSmart, ReshaMandi.
Data confidence: Verified (web sources, 2022–25)
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