India's Elev8 Venture Partners raises $67m for tech startups

Bangalore-based company targets consumer, fintech and other sectors

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Elev8 Venture Partners is anchored by Venture Catalysts and South Korea's KB Investment. (Source photo by EPA/Jiji and logo from Elev8 Venture Partners website)

VIBHUTI SHARMA, DealStreetAsia

NEW DELHI -- Elev8 Venture Partners, a venture capital company backed by Venture Catalysts, on Friday said it has raised $67 million in the first close of its maiden fund to invest in startups in their Series B and C financing rounds.

Bangalore-based Elev8, which is targeting a corpus of $200 million for the fund, aims to invest in sectors including consumer tech, enterprise software, fintech and health technology.

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