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Ishan Kansal joins Sadev Ventures as co-founder

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Date
Company
Sadev Ventures
What it does
Early-stage venture capital firm
Kind
People
Based in
Bengaluru
Founded
2024
Sector
Professional & Local Services

What they do

Sadev Ventures is an early-stage VC firm investing in seed to pre-Series A startups

What happened

Ishan Kansal has been named co-founder and managing partner, joining in June 2026

Why it matters

Kansal previously led product at Snabbit and spent nearly six years at CRED

The details

  • Ishan Kansal has been appointed as Co-Founder and Managing Partner at Sadev Ventures.
  • He will join the firm in early June 2026 and be based in Bengaluru.
  • His role includes setting up Sadev's second India office in Bengaluru.
  • Kansal was previously Head of Product at home services startup Snabbit.
  • At Snabbit, he led product, data, and design functions.
  • Before Snabbit, he spent nearly six years at CRED as an early team member.
  • At CRED, he worked across payments, lending, insurance, deposits, user growth, and monetisation.
  • Kansal also worked at Paytm and Deutsche Bank across India and APAC markets.

The bigger picture

  • Sadev Ventures was founded in 2024 by Dhruv Dhanraj Bahl, former COO of BharatPe.
  • The firm was originally named Eternal Capital.
  • Sadev currently manages a corpus of Rs 240 crore (approx $25 million).
  • The firm aims to cross Rs 1,000 crore in assets under management in 18-24 months.
  • Kansal's appointment strengthens Sadev's ability to identify founders and support 0-to-1 and 1-to-10 growth stages.

About the business

  • Sadev Ventures is an early-stage venture capital firm.
  • It is sector-agnostic and invests from seed to pre-Series A stages.
  • The firm's typical cheque size ranges from Rs 2 crore to Rs 10 crore per startup.
  • Sadev plans to launch a second equity fund and enter the venture debt segment in 18-24 months.
  • Its portfolio includes startups such as Asaya, Bidso, Atomgrid, Cleevo, Vama, Gladful, Prosperr, and Liquide.
  • Limited partners include MakeMyTrip founder Deep Kalra, Fixderma founder Shaily Mehrotra, Kotak Mahindra CMO Rohit Bhasin, BharatPe CEO Nalin Negi, and others.

What happens next

  • Sadev plans to launch a second equity fund over the next 18-24 months.
  • The firm also plans to enter the venture debt segment in the same period.
  • It aims to cross Rs 1,000 crore in assets under management within 18-24 months.

The deal

Type
appointment

Founders

  • Ishan Kansal, Co-Founder and Managing Partner
  • Dhruv Dhanraj Bahl, Founder and Managing Partner

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