VC fund (Cat II) · SEBI registry
ELEV8 -CAPITAL AIF
Growth (Series C+) · Fintech · Bengaluru
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Fintech
- City
- Bengaluru
- HQ / office
- Mumbai (Marol/Andheri East), Maharashtra; team operates from Bengaluru
- Fund registered
- 2022
- Investments on record
- 13
- Corpus (as reported)
- Rs 1,400 crore / ~$160M maiden Fund I (final close Sept 2025); first close $67M (Aug 2023)
- Website
- elev8vp.com
- Profile ↗
About
Elev8 Venture Partners (Elev8-Capital Fund I) is a growth-stage tech VC backed by the Venture Catalysts / 100Unicorns group, led by Managing Partner Navin Honagudi (ex-Kae Capital). Its Category II Fund I raised ~Rs 1,400 crore with KB Investment as anchor and South Korean/Hong Kong/Indian institutional LPs.
Investment focus
Growth-stage (Series B/C) technology venture capital — fintech, consumer tech / consumer internet, and SaaS / enterprise software; sector-agnostic with $8-15M cheques into companies valued ~$100-300M
Cheque size
Approx USD 10-15 Mn per deal (flexible up to ~USD 30 Mn in select cases), targeting 7-14% ownership; growth-stage Series B/C
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/22-23/1123
SIDBI Fund of Funds
Yes — Self-Reliant India (SRI) Fund participated as a domestic LP in Elev8's maiden fund; the SRI Fund is a Government of India fund-of-funds (under the MSME Ministry, channelled via SBICAP Ventures/NVCFL). Reported by YourStory and Outlook Business (Sept 2025 fund-close coverage)
Notable portfolio
Smallcase; IDfy; Astrotalk; Porter; Snapmint
Team & organisation
Small senior team — Navin Honagudi (Managing Partner) plus Principals Ashpi Gupta and Abhisekh Shah
Trust-structured SEBI-registered Category II AIF (Elev8 Venture Capital Fund, Reg. No. IN/AIF2/22-23/1123); investment manager Elevate Capital Management Services Pvt Ltd; growth-stage single-strategy fund
Connect through iHub India
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Frequently asked
- What does ELEV8 -CAPITAL AIF invest in?
- Growth-stage (Series B/C) technology venture capital — fintech, consumer tech / consumer internet, and SaaS / enterprise software; sector-agnostic with $8-15M cheques into companies valued ~$100-300M
- What cheque size does ELEV8 -CAPITAL AIF write?
- As compiled from public sources: Approx USD 10-15 Mn per deal (flexible up to ~USD 30 Mn in select cases), targeting 7-14% ownership; growth-stage Series B/C
- How do I pitch ELEV8 -CAPITAL AIF through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ none — genuine growth-stage startup VC. Registered email domain (venturecatalysts.in) reflects parent Venture Catalysts group; operating brand/site is Elev8 Venture Partners (elev8vp.com)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://elev8vp.com/about-us/; https://yourstory.com/2025/09/elev8-closes-india-fund-south-korean-hong-kong-lps