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Steadview Capital is an investment firm partnering with founders to build generational companies across public and private markets. It employs an integrated investment framework, concentrating on opportunities in the United States and India. The firm maintains local presence in key innovation hubs, exclusively backing founder-led businesses with significant long-term growth potential.
Founded in 2009 by Ravi Mehta, Steadview Capital emerged from Mr. Mehta’s prior analyst experience at leading financial institutions like Maverick Capital and Morgan Stanley. His founding insight involved identifying and supporting high-growth, technology-driven enterprises, recognizing substantial potential within the dynamic US and Indian market ecosystems.
The firm primarily serves institutional investors and high-net-worth individuals, providing access to a curated portfolio of growth companies. Steadview Capital’s vision is to foster the development of enduring businesses by acting as a collaborative, long-term partner. It aims to guide its portfolio companies towards market leadership, creating lasting value.
Key people at Steadview Capital.
Steadview Capital is a leading alternative asset manager founded in 2009, specializing in an integrated public/private investing framework with a focus on the US and India.[1][2][4][5] The firm's mission centers on making concentrated, long-term investments in founder-led companies across technology and technology-enabled sectors, partnering with exceptional businesses while embedded locally with entrepreneurs in San Francisco and Mumbai.[1][5] Its investment philosophy emphasizes capturing attractive long-term returns over short-term volatility, supported by a sophisticated investor base including family offices, endowments, foundations, sovereign wealth funds, and pension funds; key sectors include growth-stage tech like consumer platforms (e.g., Robinhood, DoorDash, Shopify) and services (e.g., Hims & Hers, Carvana).[2][3] Steadview significantly impacts the startup ecosystem through its offices in San Francisco, Mumbai, London, and New York, providing operating support and leveraging local networks to back high-conviction bets in public and private markets.[1][3]
As of mid-2025, the firm manages around $0.69 billion in disclosed 13F holdings, with a concentrated portfolio where top holdings like Robinhood (28.23%), Carvana (21.58%), and DoorDash (11.75%) comprise 100% of the top 10, reflecting low turnover (3.37% alternative measure) and an average hold of 7.7 quarters.[3]
Steadview Capital was founded in 2009, initially establishing as a US-based hedge fund manager before evolving into a global alternative asset manager with a distinctive public/private focus.[1][4][5] Key figures include co-founder Joy Bhakat, Head of Investments based in Mumbai, alongside Managing Directors Nikhil Agarwal and Puneet Kumar, also in Mumbai, who drive the firm's India operations.[4] The firm's evolution reflects a shift toward concentrated bets in tech ecosystems, expanding from hedge fund roots to offices across San Francisco, Mumbai, London, New York, and a UK presence, while prioritizing founder-led companies in the US and India.[1][2][4]
This backstory underscores Steadview's growth from a London-headquartered entity investing in US growth-stage tech to a multi-continental player with deep local embeds, adapting to opportunities in high-growth markets like India and the US tech hubs.[1][4]
Steadview rides the wave of tech democratization and platform economies, backing US consumer tech giants like Robinhood and DoorDash amid fintech, delivery, and e-commerce booms, while its India focus taps into the country's digital explosion.[1][3] Timing aligns with maturing public markets for high-growth tech post-IPO cycles and private opportunities in emerging markets, where market forces like rising digital adoption in India and US innovation hubs favor long-term holders over traders.[2][3][5] The firm influences the ecosystem by amplifying founder-led scaling—evident in concentrated bets that signal conviction to markets—and bridging US-India capital flows, fostering cross-border tech resilience amid global volatility.[1][4]
Steadview is poised to deepen its US-India tech corridor dominance, expanding private investments in AI-driven consumer platforms and logistics as portfolios like DoorDash and Shopify evolve.[1][3] Trends like India's digital public infrastructure and US fintech resurgence will shape its path, potentially growing AUM through LP inflows amid favorable long-hold dynamics.[2][3] Its influence may evolve toward more hybrid public/private deals, solidifying as a bridge for founder-led scale in bifurcated markets—echoing its origins as a concentrated bettor in a volatile world.[1][5]
Key people at Steadview Capital.
Steadview Capital has 26 tracked investments across 18 companies. The latest tracked deal is $64.5M Other Equity in Wakefit in December 2025.
