Analysis · Financial Services

Elev8 launches ₹1400 crore fund for growth stage startups

By Startup Enthusiast · 20 March 2026

What they do

Elev8 Venture Partners manages a ₹1400 crore fund focused on Series B and later stages

The fund targets profitable or near-profitable India-headquartered technology companies in fintech and commerce

Principal Abhisekh Shah aims to fill the domestic capital gap traditionally filled by global investors

Elev8 Venture Partners has raised ₹1400 crore for its new fund.
The fund focuses on Series B and beyond investment stages.
Principal Abhisekh Shah leads the firm's strategy and operations.
Elev8 targets India-headquartered technology companies across specific sectors.
The fund aims to bridge the domestic growth-stage capital gap.
Global investors have traditionally filled this capital void in India.
Cheque sizes range from $8 million to $30 million per deal.
The firm seeks companies with strong revenue quality and healthy margins.

Elev8 invests in financial services, consumer tech, and enterprise software.
The firm shows evolving interest in deeptech sectors.
It targets companies that are profitable or close to profitability.
Investees must demonstrate efficient customer acquisition costs.
The fund prefers founder-led teams with institutional governance.
Examples include Smallcase, a wealth platform for retail markets.
Another portfolio company is Snapmint, offering buy-now-pay-later services.
Snapmint focuses on disciplined execution and sustainable growth.
The firm looks for healthy gross margins in target businesses.