Venture Intelligence (TSJ Media Pvt. Ltd.)
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South Korea's KB Group invests $100-M in Elev8 Venture Partners Fund
India-focused early-stage VC firm Elev8 Venture Partners has received a commitment of USD 100 million from South Korea's KB Group. KB Investment (a subsidiary of KB Group) has partnered with Elev8 Venture Partners and has become an anchor investor and co-GP (co-general partner). KB Group will work with Elev8 to identify investment opportunities in Indian technology companies and to support it with portfolio management. Elev8 will further help its portfolio companies expand in Southeast Asia. KB investment is part of KB holdings which manages over USD 400 billion worth of assets.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.