Early-stage venture capital firm Sadev Ventures has appointed former CRED and Snabbit executive Ishan Kansal as co-founder and Managing Partner as the firm looks to scale its assets under management and expand into venture debt. Kansal is expected to join the Delhi-based firm in early June 2026 and will lead the company’s second office in India as part of its expansion plans. Last month, whenEntrackrreached out to Kansal regarding his departure from Snabbit, he denied the move, saying, “I am not leaving the company, nor do I have any plans to. I’m currently focused on our upcoming roadmap and settled in for the long haul.” Kansal has experience across consumer internet, fintech, insurtech, and investment banking. He joins Sadev Ventures from Snabbit, where he served as Head of Product and led product, data, and design functions. Prior to Snabbit, Kansal spent nearly six years at CRED as part of its early team, where he worked across payments, insurance, deposits, lending, user growth, and monetisation. Earlier, he also worked with Paytm and Deutsche Bank across India and APAC markets. The appointment comes as Sadev Ventures targets Rs 1,000 crore in assets under management over the next 18-24 months. The firm is also preparing to launch its second equity fund and formally enter the venture debt segment. Founded in 2024 by former BharatPe COO Dhruv Dhanraj Bahl, the firm was originally launched as Eternal Capital beforerebrandingto Sadev Ventures in August 2025. The sector-agnostic fund focuses on seed to pre-Series A startups with cheque sizes ranging between Rs 2 crore and Rs 10 crore. Sadev Ventures currently manages a corpus of Rs 240 crore and has backed startups including Asaya, Bidso, Atomgrid, Cleevo, Vama, Gladful, Prosperr, and Liquide. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
