About Elev8
Elev8 is a venture capital firm founded in 2022. It is primarily based out of Bengaluru, India. As of Mar 2026, Elev8 is an active investor, having invested in 6 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Series D round of Fullife Overall, Elev8 portfolio has seen 1 unicorn, namely Porter. A lot of funds co-invest with Elev8, with names like L N Bangur Group sharing a substantial percentage of its portfolio. Elev8 has team of 23 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series D, Series A & 3 more
Portfolio Unicorns
Elev8's List of Top Investments
Elev8 has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investments are in IDfy and Fullife.Their portfolio spans across and India. They have invested in Enterprise Applications, FinTech, Consumer and 7 other sectors, across stages such as Series D, Series A and 3 more. Here is the list of top investments by Elev8:
1. smallcase
Online platform offering smart investment portfolios. It enables users to build diversified investment portfolios by investing in baskets of stocks or exchange-traded funds managed by experienced investment experts. It focuses on investment in securities, advising users to read documents. It offers resources, including disclosures, terms, conditions, and privacy policies. It allows investors to build and track diversified portfolios across stocks, ETFs, mutual funds, fixed deposits, and more.
Key facts about smallcase
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹114Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $100M
- Employee Count: 253 as on Jun 30, 2025
- Investors: State Street Global Advisors, Amazon and 57 Others
- Latest Funding Round: Series D, Mar 27, 2025, $*****
- Highlight: Editors' Pick
2. Astrotalk
Platform offering online astrology consultations and spiritual guidance. It enables users to schedule sessions with verified astrologers via chat and call. It provides diversified services, including tarot card reading, vastu, tarot, numerology, nadi, lal Kitab, vedic astrology, matchmaking, and horoscope reading. It offering predictions, consultations, and services such as horoscope readings, birth chart analysis, and Vedic astrology services.
Key facts about Astrotalk
- Founded Year: 2017
- Location: Noida (India)
- Annual Revenue: ₹1,210Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $29.6M
- Employee Count: 2,281 as on Mar 31, 2026
- Investors: Left Lane, QED Innovation Labs and 3 Others
- Latest Funding Round: Series A, Apr 30, 2024, $*****
- Highlight: Editors' Pick
3. Porter
Provider of on-demand goods transportation and logistics solutions via application. The company offers options for transporting items using various vehicle types. Services include options for businesses needing support with distribution and supply chain management. The company also provides packing and moving services for residential relocation.
Key facts about Porter
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹4,340Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $198M
- Employee Count: 2,027 as on Aug 31, 2025
- Investors: Wellington, Vitruvian Partners and 57 Others
- Latest Funding Round: Series F, Jan 15, 2026, $*****
- Highlight: Editors' Pick
4. Snapmint
Online retailer of electronics, appliances, fashion, and home and kitchenware. It provides options for customers to purchase items using installment plans. The business facilitates online sales and fraud detection for merchant partners. It offers options for payment and delivery of purchased goods.
Key facts about Snapmint
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹152Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $181M
- Employee Count: 98 as on Aug 31, 2025
- Investors: Kalysta Capital, Northern Arc Capital and 177 Others
- Latest Funding Round: Series A, 2025, $*****
- Highlight: Editors' Pick
5. IDfy
Provider of a platform for identity verification and risk management. The platform offers tools for customer and workforce governance throughout their lifecycle. It focuses on frictionless onboarding, verifiable identities, and faster revenue generation. The platform aims to reduce onboarding friction, prevent fraud, and accelerate time-to-revenue. It helps detect and mitigate risk in real time, reducing financial and operational losses. The platform also transforms compliance into a growth engine through centralized automation.
Key facts about IDfy
- Founded Year: 2011
- Location: Mumbai (India)
- Annual Revenue: ₹191Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $62.7M
- Employee Count: 697 as on Aug 31, 2025
- Investors: HDFC Bank, New Enterprise Associates and 40 Others
- Latest Funding Round: Series F, Feb 13, 2026, $*****
- Highlight: Editors' Pick
Elev8's Year-on-Year Investment Trends
In 2025, it made 4 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Fullife and most recent follow-on round was in Snapmint.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 1 | 4 |
2024 | 2 | 0 | 2 |
Elev8's Investments by Stage
Elev8 has made 2 investments in Series D stage with an average round size of $30.5M, 1 investment in Series A stage with an average round size of $9.5M, 1 investment in Series B stage with an average round size of $115M, 1 investment in Series E stage with an average round size of $6.6M and 1 investment in Series F stage.Stage of entry | No. of Investments |
|---|---|
Series D | 2 |
Series A | 1 |
Series B | 1 |
Series E | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
Elev8's Investments by Sector
Elev8 has a diverse portfolio, with companies operating in the Consumer, FinTech, Enterprise Applications, Enterprise Infrastructure and Financial Services. Notably, it has invested in 6 Tech companies, 5 Consumer (B2C) companies, 3 Enterprise (B2B) companies and at least 2 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 3 |
FinTech | 3 |
Enterprise Applications | 1 |
Enterprise Infrastructure | 1 |
Financial Services | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Elev8's Investments by Geography
Elev8 has made most investments in India (6).Elev8's recent investments
Elev8 has made 1 investments in 2026 so far - Fullife.Here are the most recent investments by Elev8:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 25, 2026 | India | Series D | 4752 | - | |
Sep 09, 2025 | India | Series F | 5190 | ||
2025 | India | Series A | 1833 | - | |
May 03, 2025 | India | Series B | 9068 | [+60] | |
Mar 27, 2025 | India | Series D | 7528 |
Unicorns in Elev8's Portfolio
Elev8 has 1 unicorn in its portfolio - Porter. The most recent unicorn in their portfolio is Porter which became a unicorn in 2024, 1 years before Elev8 first invested in it.Here is a list of unicorns in Elev8's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Provider of on-demand goods transportation and logistics solutions via application | 2014 | Bengaluru | Series F | fxbnnhy |
Team profile of Elev8
Elev8 has a team of 23 members including 5 Partners, 1 Venture Partner and 2 Principals located in India, China and 1 more location. Elev8's team does not sit on the board of any company as of now.Here is a list of top team members in Elev8:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | India | - | ||
Partner | Bengaluru | - | ||
Partner | Seoul | - | ||
Partner | Mumbai | - | ||
Partner | Hong Kong | - | - | |
Venture Partner | Kolkata | - | - | |
Principal | Bengaluru | - | ||
Principal | Mumbai | - |
Co-investors of Elev8
Over the past 2 years, 363 investors have co-invested in Elev8's portfolio companies. This includes funds and angels.
- Invested before Elev8: Beenext, Blume Venture and 309 others have invested in rounds before Elev8. There are 2 companies where Beenext has invested before Elev8 and 2 companies where Blume Venture has invested before Elev8.
- Top Co-investors of Elev8: 47 investors entered a company along with Elev8. These include investors like L N Bangur Group (2 companies).
- Invested after Elev8: A total of 5 investors have invested in Elev8's portfolio after their investments. Top Investors include IndiaMART (1 company), Neo Asset Management (1 company) and Analog Capital (1 company).
Recent News related to Elev8
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Elev8 Venture backs Fast&Up maker in sixth deal from maiden fundVCCircle•Mar 25, 2026•Fastandup, Elev8, Fullife, Avendus and 2 others
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Fast&Up attracts interest from VC firms for its ongoing $70 mn roundLivemint•Feb 16, 2026•Fastandup, Elev8, Venturi Partners, Progcap
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Blume, Elev8-backed IDfy set to raise new funding roundVCCircle•Jan 12, 2026•Elev8, Blume Venture, IDfy
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Snapmint raises $125 million from GA, othersIndiatimes•Oct 31, 2025•Snapmint, General Atlantic, Elev8, Prudent Investment Managers and 5 others
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Elev8 Venture Partners closes maiden fund at Rs 1,400 croreMoneycontrol•Sep 01, 2025•Elev8, KB Investment
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Elev8 Venture Partners scoops up Porter shares for $25 millionIndian Startup News•Aug 30, 2025•Elev8, Porter
