Silicon Road Ventures partners Ajay Mahajan to float Rs 150 Cr AI fund
- ByStartupStory | May 13, 2026
Venture capital fund Silicon Road Ventures (SRV) has partnered with Ajay Mahajan to launch an alternative investment fund (AIF) focused on early-stage startups building agentic AI solutions in the B2B commerce technology space.
According to Mahajan, these solutions will target areas such as multi-channel commerce, supply chain and logistics, fintech, consumer insights, and retail operations. The AIF, with a corpus of Rs 150 crore, has received Category-II registration from Sebi.
Founded in 2019 by Sid Mukherjee, Silicon Road Ventures is a venture capital firm that specialises in early-stage (Seed to Series A) investments in commerce technology, including retail, e-commerce, and CPG. With more than 46 investments, the firm focuses on innovative technologies across fintech, supply chain, and AI, often partnering with academic institutions.
Mukherjee has also set up a fund with his alma mater, BITS Pilani, and Kennesaw State University to provide non-dilutive funding to startups founded by students from the two institutions.
Prior to SRV, Mukherjee was the co-founder and CEO of Software Paradigms International (SPI), a company that provided technology solutions to retail businesses. SPI was acquired by IT services giant Cognizant in 2018.
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