Elev8 Venture Partners closes $160 Mn for maiden fund

Elev8 Venture Partners, a venture capital firm started by former Kae Capital partner Navin Honagudi, has closed its maiden fund at Rs 1,400 crore (about $160 million). The fund will back growth-stage companies in consumer internet, enterprise software, and fintech.

The investor base includes institutions from South Korea, Hong Kong, and India, along with sovereign funds, family offices, and unicorn founders. KB Investment, part of South Korea’s KB Financial Group, is the anchor investor. Self Reliant India Fund has also committed capital.

According…