Steadview Capital is a London-based investment firm founded in 2011 by Ravi Mehta, a former portfolio manager at Tiger Global Management. The firm runs both a long/short public equity hedge fund and a parallel private investment vehicle, with a focus on high-growth technology and internet companies. Steadview is often described as a "crossover" investor – a large fund comfortable writing checks at late-stage venture rounds alongside traditional VCs, then holding into the public markets.
The firm built its core reputation through concentrated bets on South and Southeast Asian technology. Its most celebrated win was an early stake in Flipkart, the Indian e-commerce company acquired by Walmart in 2018 for roughly $16 billion. Steadview also backed CRED, Pine Labs, and Meesho during their high-growth phases. Not every bet paid off: Steadview held a position in Byju's, the Indian edtech giant that collapsed into insolvency by 2024 amid fraud allegations, governance failures, and a total write-down for most investors. The Byju's outcome became a cautionary reference point for the entire generation of crossover investors that piled into Indian startups in 2021–2022.
Steadview's crypto and digital-asset exposure is limited relative to dedicated crypto funds. Public information about its specific blockchain portfolio is thin; the firm does not publish a full holdings list and rarely issues press statements on individual deals. Total AUM has not been publicly disclosed in recent filings, though the fund is understood to manage several billion dollars across its public and private books.
Notable investments
- Flipkart – Indian e-commerce; Walmart acquisition at ~$16B valuation was a landmark exit for the fund
- CRED – Indian fintech rewards platform; late-stage growth round
- Pine Labs – Indian merchant commerce and payments infrastructure
- Meesho – Indian social commerce platform backed alongside SoftBank
- Byju's – Indian edtech; became a significant loss after the company's collapse and fraud investigations in 2023–2024
Public information about Steadview's specific crypto portfolio companies is limited. The firm has participated in a small number of digital-asset rounds, but deal names and check sizes are not consistently reported in public sources.
Team
Ravi Mehta is the founder and managing partner. He spent years at Tiger Global Management before launching Steadview, and carries the analytical style associated with Tiger-trained investors: thesis-driven, concentrated positions, high conviction. Beyond Mehta, Steadview operates with a lean team by the standards of funds its size. Individual partner names below the founding level are not widely disclosed in public sources.
Recent activity
Through 2024 and into 2025, Steadview – like most crossover funds – pulled back from the pace of private dealmaking that characterized 2021. The broader reset in late-stage valuations, combined with losses on positions like Byju's, prompted a more selective posture. The firm appears to have focused more on managing its public equity book and selectively following on in existing private positions rather than leading new deals. No major new crypto-native investments have been publicly reported in the 12–18 months to mid-2026.
Steadview sits in an interesting but uncomfortable middle ground for crypto investors: a firm with the capital and appetite to write meaningful checks, but with a track record anchored in conventional tech rather than native digital-asset infrastructure. Its retail ROI figure of 17.78 on a six-company crypto book suggests modest gains, in line with a cautious, late-stage approach to the sector. Whether the firm deepens its digital-asset focus or continues treating it as a peripheral allocation will depend heavily on how its core equity portfolio performs through the current cycle. More background on the fund's filings can be found via Crunchbase.