Aeravti Ventures Introduces INR 100 Crore Fund Targeting Early-Stage Startups
- ByStartupStory | May 30, 2023
Early-stage Venture Capital firm Aeravti Ventures has achieved the initial closing of its debut Rs 100 crore fund, with a focus on supporting emerging tech startups. The fund will prioritize sectors including Deep-Tech, Deep-Sciences, Biosciences, Agri-Tech, Climate, and Enterprise Tech, primarily during the pre-seed to pre-series A stages.
The fund will focus on Bharat, with a specific emphasis on backing new age technologies across the country. Rishabh Singh, Managing Partner at Aeravti Ventures, said in a statement,”We aim to support technological innovations being leveraged to build transformative businesses.”
Aeravti Ventures, spearheaded by General Partners Rishabh Singh and Shubham Jhuria, boasts a dedicated team of over 25 Entrepreneur Partners (EPs), comprising experienced Founders and CXOs from around the world. These EPs provide valuable support to portfolio companies, facilitating access to industry networks, offering strategic counsel, and sharing their technical proficiency.
Rishabh, an experienced investor, has a background of collaborating with deep-tech ventures in Silicon Valley and Southern California while being associated with the StartR incubator. Following his relocation to India, he went on to establish Capnetic Consulting Group, a financial advisory firm specializing in early-stage investment banking.
Shubham, a chartered accountant, brings a wealth of expertise in auditing and performing due diligence for early-stage ventures on behalf of funds and family offices. Prior to co-founding Capnetic alongside Rishabh, he honed his skills in the corporate strategy team at Udaan.
Aeravti Ventures has outlined its strategy to deploy its capital over the next two to two-and-a-half years, while emphasizing its dedication to providing substantial follow-on investments for its portfolio companies. The fund has already made investments in two promising startups operating in the DeepTech and SupplyChain sectors, and additional information regarding these investments will be disclosed in the near future.
Shubham Jhuria, CFO & Partner at Aeravti Ventures, said in a statement,“We aim to be more than a mere financial supporter for our portfolio companies, providing a holistic ecosystem to our founders, including clients, industry access, partnerships, operational guidance, and more.”
In terms of investment approach, Aeravti Ventures prefers to invest in businesses that value an integrated triple bottom line, considering the planet and its people. “We support businesses that create impact as an inherent function of their operations, having it baked into their business model, rather than as an externality,” adds Rishabh.
The key investment criteria for Aeravti Ventures are the founders of the company. “At the stage that we invest, teams are small, technology is rapidly evolving, and business models are dynamic, which leads us to invest in people and not just their businesses,” explains Shubham.
For aspiring entrepreneurs seeking investment prospects, Aeravti Ventures welcomes inquiries via the email ID and contact form accessible on their official website. Additionally, individuals can reach out directly to any of the General Partners through mail. With the introduction of their fund, Aeravti Ventures is poised to have a transformative influence on the startup ecosystem, as they actively pursue and invest in groundbreaking companies, pushing the boundaries of the industry.
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