Bangalore, 10 January 2025: Elev8 Venture Partners, a $200 million growth stage fund, is pleased to announce the appointment of Ashpi Gupta as Principal – Investments and Portfolio Management. Ashpi will spearhead investment strategies and oversee portfolio management as the firm continues its mission to support high-potential growth-stage startups.
Ashpi brings 2 decades of experience across Operations, Strategy, and early-stage investing. She has held pivotal roles at leading organizations including Walmart, InMobi, and Aditya Birla Group, managing Business operations and Strategy . She has also been part of large-scale M&A, and joint ventures, and oversaw more than 25 early-stage investments. Early in her career, Ashpi gained extensive consulting and transaction advisory experience at the Big Four accounting firms.
With an MBA in Finance from the National University of Singapore (NUS) and a BE in Computer Science from Mumbai University, Ashpi’s expertise spans strategy ,Business operations, and a deep understanding of the startup ecosystem. Her addition further strengthens Elev8’s ability to identify and back transformative ventures.
Navin Honagudi, Managing Partner of Elev8 Venture Partners, said, “We are thrilled to welcome Ashpi Gupta to the Elev8 family. Her extensive experience in strategy and investment management will enhance our ability to support visionary entrepreneurs and drive value creation across our portfolio.”
Ashpi Gupta, Principal, Investments and Portfolio Management, said: “I am excited to join Elev8 Venture Partners at this pivotal stage in its journey. Elev8’s vision of empowering growth-stage companies aligns perfectly with my passion for fostering innovation and creating long-term value.”
Elev8 Venture Partners, founded in 2023, is raising $200 million for its maiden venture capital fund. The fund primarily invests in Series B and C rounds, targeting high-growth sectors. Elev8 has backed two companies so far: AstroTalk, an online astrology platform, and IDfy, an integrated identity platform.
Elev8 is anchored by South Korea’s KB Group, with additional backing from family offices, high-net-worth individuals, and institutional investors from India, the Middle East, and other Asian countries. The fund aims to invest in 12-14 companies across diverse sectors by the end of its investment cycle.
Ashpi’s appointment is a significant step in Elev8’s growth journey as it continues to build a team of seasoned professionals committed to empowering the next wave of innovative businesses in India and beyond.
About Elev8 Venture Partners:
Elev8 Venture Partners is a $200 million maiden growth-stage fund anchored by South Korea’s KB Investment. The fund invests in high-growth Indian startups with the potential to scale globally. Elev8 focuses on sectors including B2B SaaS, Enterprise Tech, Consumer Tech, FinTech, and Healthcare Tech.
