Steadview Capital Managing Director Puneet Kumar quits
Kumar had joined the global technology focused hedge fund in July 2019 and is moving on from the firm, YourStory has learnt.
Nikhil Patwardhan
Monday October 06, 2025 , 2 min Read
Puneet Kumar, Managing Director at Steadview Capital, is moving on after a six-year stint at the global technology-focused hedge fund for entrepreneurial aspirations, YourStory has learnt.
The company confirmed the development and said, “Puneet joined Steadview in July 2019. He has been a core part of our investment team and has played an important role in our private investments in India. Puneet is looking for an opportunity to manage his own private investment strategy, which is not something we can offer him at this time. We are grateful for Puneet’s contributions to the Firm and look forward to remaining close friends in the future.”
Steadview Capital is also looking to grow its team and add two senior professionals to its India team based out of Mumbai, the company said. The venture capital firm has roughly doubled its global investment team in the last three years, across the US and India.
Steadview Capital is also raising a global venture capital fund, half of which will be focused on India. Currently, over 60% of the firm’s assets under management are in India, having backed firms like foodtech major Zomato, omnichannel beauty retailer Nykaa, and recently-listed home services firm Urban Company.
According to the company, it expects its India VC investments over the next five years to be double compared to the last five years.
Over the last one to two years, Steadview has made several private investments in Indian companies across Series A to Series C funding rounds, including in Aequs, Atomberg, Ultrahuman, Ethereal Machines, and Mayhem, among others.
Most recently, the firm co-led a $15 million Series B funding round in Pune-based game development studio SuperGaming and also participated in Bengaluru-based Unimech Aerospace’s Rs 250 crore funding round in July this year.
Steadview’s investments span different funding stages, from early-stage to growth-stage, as well as pre-IPO and IPO investments in Indian tech companies, including Bluestone, Ixigo, BlackBuck, and FirstCry, among others.
Edited by Kanishk Singh