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ISN Exclusive: Elev8 Venture Partners scoops up Porter shares for $25 million

IndianStartupNews

IndianStartupNews · 25d ago

ISN Exclusive: Elev8 Venture Partners scoops up Porter shares for $25 million

Elev8 Venture Partners has invested $25 million in Porter, a logistics startup valued over $1 billion. This mid-stage investment firm gains a small ownership as Porter prepares for a public offering within 18 months. This move follows Porter's previous $200 million round from Kedaara and Wellington. Elev8's $200 million maiden fund aims to invest $10-$15 million in 12-14 tech-enabled companies. Despite typically investing mid-stage, Elev8 is now venturing into late-stage opportunities.

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Logistics startup Porter set to close extended funding round of upto $300 million: sources - The Economic Times

Economic Times

Economic Times · 14d ago

Logistics startup Porter set to close extended funding round of upto $300 million: sources - The Economic Times

Porter, a Bengaluru-based logistics platform, is finalizing a $100-110 million funding round, raising its total funding to $300-310 million. This includes $50 million in primary capital and $250-260 million in secondary transactions. Existing and new investors, including Elev8 Partners and Vitruvian Partners, are participating. Porter, profitable and aiming for an IPO within 12-15 months, expanded to 22 cities with a 50% revenue growth, crossing Rs 4,000 crore, and reduced its net loss.

Fundraising extremely tough in current environment: Elev8’s Navin Honagudi

VCCircle

VCCircle · 1y ago

Fundraising extremely tough in current environment: Elev8’s Navin Honagudi

Elev8 Venture Partners, led by Navin Honagudi, is facing significant challenges in fundraising due to the current economic climate. The firm is aiming to raise $200 million for its first venture capital fund, with a target to complete the fundraise by the end of the financial year. Elev8 Venture Partners has a strong focus on the South Korean financial market and believes in the potential of startups in this region.

AstroTalk backer Elev8 Venture Partners sets timeline for final close of maiden fund

VCCircle

VCCircle · 1y ago

AstroTalk backer Elev8 Venture Partners sets timeline for final close of maiden fund

Elev8 Venture Partners, the venture capital firm raising $200 million for its first fund, has announced a timeline for the final close of the fund. The firm, founded by a former Kae Capital partner, aims to raise Rs 834.4 crore for its maiden fund. Elev8 has South Korea's financial services firm Mirae Asset Global Investments as one of its backers.

Elev8 Venture Partners ropes in senior exec from Walmart

VCCircle

VCCircle · 8m ago

Elev8 Venture Partners ropes in senior exec from Walmart

Elev8 Venture Partners, founded by ex-Kae Capital partner Navin Honagudi, is raising $200 million for its first venture capital fund. The firm has brought on board a senior executive from Walmart to bolster its team. So far, Elev8 has made investments in two local companies, highlighting its strategy of leveraging experienced industry professionals to strengthen its investment approach as it establishes itself in the venture capital landscape.

Elev8 Venture Partners marks $160 million close of maiden fund - The Economic Times

Economic Times

Economic Times · 23d ago

Elev8 Venture Partners marks $160 million close of maiden fund - The Economic Times

Elev8 Venture Partners, led by Navin Honagudi, closed its first $160 million fund to invest in consumer internet, enterprise software, and fintech sectors, backed by stakeholders from South Korea, Hong Kong, and India. Anchor partner KB Investment and others contributed. With one-third of the fund already used, the remainder aims at 12-14 startups valued between $100-300 million. Elev8 focuses on profitable, growth-stage firms with existing institutional investors.

Elev8 Venture Partners leads $27-mn funding round in IDfy

VCCircle

VCCircle · 1y ago

Elev8 Venture Partners leads $27-mn funding round in IDfy

Elev8 Venture Partners has led a $27 million funding round in IDfy, an integrated identity platform operating in the risk management space. The funds will be used to expand in India and internationally. IDfy's AI-driven technology platform serves over 1,500 clients, running more than 60 million verifications each month. Elev8, which invests in high-growth Indian startups with global scalability, made its first investment with this funding round. Prior to this, IDfy had raised about $20 million from various investors.

Exclusive: Scimplify scoops up $7 Mn in Series A led by Omnivore

Entrackr

Entrackr · 1y ago

Exclusive: Scimplify scoops up $7 Mn in Series A led by Omnivore

Scimplify, a platform for sourcing and manufacturing of specialty chemicals, has raised Rs 59 crore (approximately $7 million) in its Series A round from new and existing investors. The board at Scimplify has passed a special resolution to issue 17,514 Series A CCPS at an issue price of Rs 33,676 each to raise Rs 59 crore or $7 million, its regulatory filing with the Registrar of Companies shows. Omnivore led the round with Rs 24.7 crore while 3One4 Capital, Beenext Asia, and Bertelsmann participated with Rs 13.56 crore, Rs 5.6 crore, and Rs 14.82 crore, respectively. Entarckr was first to report about Scimplify’s Series A in June. The company has raised around $11 million to date including its $3.67 million seed round from 3one4 Capital and Beenext last year. According to the data intelligence platform TheKredible, Scimplify has been valued at around Rs 320 crore or $39 million post-allotment. Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify is a B2B fulfillment platform operating across the product life cycle from contract research to commercial chemical manufacturing across industries such as pharmaceutical, personal care, and agrochemical. According to the company’s website, it offers emulsifiers, plant growth stimulators, biostimulants, adjuvants, and biofertilizers, among others. The Bengaluru-based firm competes with Atomgrid, which raised $1.2 million in its seed round led by Merak Ventures in May this year. Covvalent, another key player in the space, raised $4.3 million led by Nexus Venture Partners.

ISN Exclusive: Peak XV Partners to fund Zoop, India’s first interactive video bazaar

IndianStartupNews

IndianStartupNews · 15d ago

ISN Exclusive: Peak XV Partners to fund Zoop, India’s first interactive video bazaar

Peak XV Partners plans to invest Rs 25-30 crore in Zoop, India's first interactive video bazaar, aiming to leverage the growing appeal of personalized commerce. Zoop enables sellers to livestream across multiple channels, providing unique and curated shopping experiences. Founded by young entrepreneurs Abhishek Nevatia, Raghav Dalela, and Sanchi Virmani, the Gurgaon-based startup offers a modern take on traditional shopping channels with advanced technology, competing with platforms like BulBul and Sim Sim.

Astrotalk closes $14 million funding led by Elev8 Venture Partners

Economic Times

Economic Times · 1y ago

Astrotalk closes $14 million funding led by Elev8 Venture Partners

Astrotalk, a digital astrology consulting startup, has raised $14 million in a funding round led by Elev8 Venture Partners. The round included a mix of primary and secondary transactions, with $7 million invested by Elev8. Astrotalk plans to use the funds to expand its services, launch new apps, enter new markets such as the US and UK, and increase its team. The company's valuation after the funding round is estimated to be around $300 million. Astrotalk currently operates on a revenue-sharing model with over 10,000 active astrologers on its platform.

Elev8 Venture Partners leads $50 mn series D round in smallcase

Inshorts · 5m ago

Elev8 Venture Partners leads $50 mn series D round in smallcase

Elev8 Venture Partners, a $200 million growth-stage fund, led a $50 million Series D funding in smallcase, India’s leading model portfolios platform. The investment will support smallcase's expansion across asset classes like mutual funds and fixed income. With over 10 million investors and ₹1.2 lakh crore in transactions, smallcase aims to strengthen its product suite and market reach.

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