Early-stage venture capital firm Sadev Ventures has appointed former CRED and Snabbit executive Ishan Kansal as co-founder and Managing Partner as the company accelerates its expansion plans and prepares to enter the venture debt space.
Kansal is expected to join the Bengaluru-based investment firm in early June 2026 and will lead the company’s second office in India. His appointment comes at a crucial time as Sadev Ventures aims to significantly scale its operations and strengthen its position in India’s growing startup investment ecosystem.
Interestingly, last month Kansal had denied reports regarding his exit from Snabbit when approached by Entrackr. At the time, he stated that he had no plans to leave the company and remained focused on its long-term roadmap. However, the latest announcement confirms his move to the venture capital sector.
Kansal brings extensive experience across consumer internet, fintech, insurtech, and investment banking. At Snabbit, he served as Head of Product and was responsible for leading product, data, and design functions.
Before joining Snabbit, Kansal spent nearly six years at fintech giant CRED as part of its early team. During his tenure, he worked across multiple business verticals including payments, lending, insurance, deposits, user growth, and monetisation. He also previously worked with Paytm and Deutsche Bank across India and APAC markets, giving him strong exposure to both startup operations and financial services.
The appointment aligns with Sadev Ventures’ ambitious growth plans. The firm is targeting Rs 1,000 crore in assets under management (AUM) over the next 18 to 24 months. Alongside this expansion, the company is also preparing to launch its second equity fund while formally entering the venture debt segment.
Sadev Ventures was founded in 2024 by former BharatPe COO Dhruv Dhanraj Bahl. The firm initially launched under the name Eternal Capital before rebranding to Sadev Ventures in August 2025.
The sector-agnostic venture capital firm primarily focuses on seed to pre-Series A startups and typically invests cheque sizes ranging from Rs 2 crore to Rs 6 crore. Currently, Sadev Ventures manages a corpus of Rs 240 crore and has invested in startups including Asaya, Bidso, Atomgrid, Cleevo, Vama, Gladful, Prosperr, and Liquide.
With Kansal joining the leadership team, Sadev Ventures is expected to further strengthen its investment strategy and startup support ecosystem as competition intensifies in India’s venture capital landscape.
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