India, Sept. 1 -- Growth stage VC firm Elev8 Venture Partners has marked the final close of its debut fund at INR 1,400 Cr (about $160 Mn).

In a statement, the firm said that the fund attracted a diverse base of sovereign funds, large family offices, unicorn founders, and a host of limited partners (LPs) from Korea, Hong Kong and India.

Founded in 2022 by former Kae Capital partner Navin Honagudi, Elev8 is backed by Venture Catalysts and South Korea's largest financial conglomerate, KB Investment, as institutional cofounders of the fund.

The firm announced the first close of the fund at $67 Mn in August 2023. At the time, it said that the maiden fund would back 12-14 startups from sectors such as consumer tech, enterprise software, fin...