About Aavishkaar Capital
Aavishkaar Capital is a venture capital firm founded in 2001. It is primarily based out of Mumbai, India. As of Jul 2026, Aavishkaar Capital is an active investor, having invested in 86 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and High Tech. Most recently it participated in the $***** Series A round of NeoGeo Overall, Aavishkaar Capital portfolio has seen 2 IPOs and 10 acquisitions including key companies like Suryoday Small Finance Bank, Equitas Small Finance Bank and InI Farms. A lot of funds co-invest with Aavishkaar Capital, with names like Aavishkaar Capital sharing a substantial percentage of its portfolio. Aavishkaar Capital has team of 39 people including 12 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Acquisitions
Aavishkaar Capital's List of Top Investments
Aavishkaar Capital has a portfolio of 86 companies. Their most notable investments are in ACHF and Suryoday Small Finance Bank.Their portfolio spans across India, Bangladesh, Kenya and 5 more locations. They have invested in Enterprise Applications, Retail, High Tech and 22 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Aavishkaar Capital:1. WorkIndia
Recruitment platform that connects job seekers with employment opportunities. It is a job board that provides a database of job opportunities across various industries. The platform assists both employers and job seekers in the recruitment process, offering tools and resources to facilitate hiring and job search process.
Key facts about WorkIndia
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $45.6M
- Employee Count: 901 as on Aug 31, 2025
- Investors: BlackSoil, PitchRight Ventures and 51 Others
- Latest Funding Round: Series B, Dec 18, 2025, $*****
- Highlight: Editors' Pick
2. Agrostar
AgriTech company empowering Indian farmers with technology, data, and expert guidance. It builds a connected ecosystem that empowers farmers through technology and expert guidance. The company provides farm advisory services, agri inputs, omnichannel access, and market linkages. It offers a platform that bridges every step of the agricultural value chain, making farming more efficient, profitable, and sustainable. The company provides real-time, personalized, and scientific advisory at scale, powered by technology. It also offers a portfolio of high-quality sustainable farm inputs, enabling farmers to increase their yields and income. The company connects Indian farmers to global retail chains, helping them improve their livelihood. It is a B2B and B2C company with a social impact.
Key facts about Agrostar
- Founded Year: 2013
- Location: Pune (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $175M
- Employee Count: 1,456 as on Jun 30, 2025
- Investors: Chiratae Ventures, Innoven Capital and 28 Others
- Latest Funding Round: Series E, Jul 30, 2025, $*****
- Highlight: Editors' Pick
Small finance bank focuses on affordable banking and financial‑inclusion products for retail and underserved customers. It offers savings accounts, loans, debit cards, insurance, investments, and other banking needs.
Key facts about Suryoday Small Finance Bank
- Founded Year: 2008
- Location: Navi Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $111M
- Employee Count: 4,259 as on Sep 30, 2026
- Investors: TVS Capital Funds, Evolvence Equity Partners and 54 Others
- Latest Funding Round: Conventional Debt, Sep 08, 2020, $*****
- Highlight: Public
4. NeoGeo
Provider of technology-oriented geospatial services. It provides capturing immersive video data for detailed spatial analysis. It also provides services using global navigation satellite systems.
Key facts about NeoGeo
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $21.6M
- Employee Count: 97 as on Apr 30, 2025
- Investors: Neev Fund, Aavishkaar Capital and 39 Others
- Latest Funding Round: Series A, Jul 15, 2026, $*****
- Highlight: Editors' Pick
5. FREED
Provider of debt settlement, EMI reduction, and credit score improvement services. The company offers programs to help individuals manage and resolve their debt obligations. These programs include debt settlement, which aims to reduce the total amount owed, and EMI reduction, which consolidates multiple EMIs into one. Additionally, they provide services to improve credit scores.
Key facts about FREED
- Founded Year: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $16.9M
- Employee Count: 313 as on Aug 31, 2025
- Investors: CapFort Ventures, Sattva Ventures and 80 Others
- Latest Funding Round: Series A, Feb 25, 2026, $*****
- Highlight: Editors' Pick
Aavishkaar Capital's Year-on-Year Investment Trends
Aavishkaar Capital has invested in 87 companies over the last 21 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Jul 2026, it has made 5 investments in this year. Its most recent first time investment was in NeoGeo and most recent follow-on round was in Zouk.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 2 | 5 |
2025 | 2 | 2 | 4 |
2024 | 5 | 1 | 6 |
2023 | 3 | 3 | 6 |
2022 | 2 | 1 | 3 |
2021 | 3 | 4 | 7 |
2020 | 1 | 5 | 6 |
2019 | 1 | 4 | 5 |
2018 | 6 | 1 | 7 |
2017 | 2 | 3 | 5 |
Aavishkaar Capital's Investments by Stage
Aavishkaar Capital has made 25 investments in Series A stage with an average round size of $6.16M, 24 investments in Seed stage with an average round size of $1.03M and 10 investments in Series B stage with an average round size of $14M.Stage of entry | No. of Investments |
|---|---|
Series A | 25 |
Seed | 24 |
Series B | 10 |
Unattributed | 6 |
Conventional Debt | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Aavishkaar Capital's Investments by Sector
Aavishkaar Capital has a diverse portfolio, with companies operating in the Financial Services, Retail, Consumer, Enterprise Applications and FinTech. Notably, it has invested in 38 Enterprise (B2B) companies, 34 Tech companies, 26 Consumer (B2C) companies and at least 16 companies focusing on Social impact.Sector | No. of Investments |
|---|---|
Financial Services | 13 |
Retail | 13 |
Consumer | 12 |
Enterprise Applications | 9 |
FinTech | 9 |
Others | 65 |
Note: We have considered here, only first round of investments
Aavishkaar Capital's Investments by Geography
Aavishkaar Capital has made most investments in India (52), followed by Bangladesh where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 52 |
Bangladesh | 3 |
Indonesia | 3 |
Sri Lanka | 3 |
United States | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Aavishkaar Capital's recent investments
Aavishkaar Capital has made 5 investments in 2026 so far. NeoGeo and Zouk are the latest among them.Here are the most recent investments by Aavishkaar Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 15, 2026 | India | Series A | 7974 | ||
May 19, 2026 | India | Series B | 7627 | ||
Mar 27, 2026 | India | Series B | 9384 | ||
Mar 10, 2026 | India | Seed | 8105 | ||
Feb 25, 2026 | India | Series A | 6544 | [+2] |
IPOs and Publicly Listed companies in Aavishkaar Capital's Portfolio
2 of Aavishkaar Capital's portfolio companies have become public. Suryoday Small Finance Bank got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Mar 2021 at marketcap of $446M and Equitas Small Finance Bank got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $503M.Here are Aavishkaar Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 26, 2021 | Sep 29, 2009 | Seed | 5509 | |
Nov 02, 2020 | - | - | 5380 |
Acquired companies in Aavishkaar Capital's Portfolio
10 companies from Aavishkaar Capital's portfolio have been acquired. The most recent acquisition was Osam Dairy in Jul 2025 by Dodla Dairy for $*****.Here are Aavishkaar Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 11, 2025 | Oct 15, 2013 | Seed | 1465 | |
Jan 21, 2025 | Nov 15, 2009 | Seed | 1264 | |
Dec 05, 2022 | Jun 14, 2021 | Series A | 6771 | |
Mar 31, 2022 | Jun 17, 2010 | Seed | 6561 | |
Feb 02, 2021 | Mar 16, 2018 | Series A | 2672 |
Team profile of Aavishkaar Capital
Aavishkaar Capital has a team of 39 members including 12 Partners and 6 Principals located in India and Ghana. Aavishkaar Capital's team sits on the board of 4 companies.Here is a list of top team members in Aavishkaar Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | India | |||
Partner | Mumbai | Intellecap, Milk Mantra and 3 more | ||
Partner | Mumbai | |||
Partner | Mumbai | - | ||
Partner | Mumbai | - | ||
Partner | Delhi | - | ||
Partner | - | - | ||
Partner | Mumbai | - | ||
Partner | Chennai | - | ||
Partner | - | - |
Co-investors of Aavishkaar Capital
Over the past 21 years, 954 investors have co-invested in Aavishkaar Capital's portfolio companies. This includes funds and angels.
- Invested before Aavishkaar Capital: BlackSoil, Lead Angels and 538 others have invested in rounds before Aavishkaar Capital. There are 2 companies where BlackSoil has invested before Aavishkaar Capital and 2 companies where Lead Angels has invested before Aavishkaar Capital.
- Top Co-investors of Aavishkaar Capital: 87 investors entered a company along with Aavishkaar Capital. These include investors like Aavishkaar Capital (2 companies).
- Invested after Aavishkaar Capital: A total of 327 investors have invested in Aavishkaar Capital's portfolio after their investments. Top Investors include British International Investment (6 companies), IFC (3 companies) and Lok Capital (3 companies).
Recent News related to Aavishkaar Capital
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Aavishkaar plans six deeptech bets by December, targets ₹2,000-crore fundMint•Oct 28, 2026•Aavishkaar Capital
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Geospatial Startup NeoGeo Raises $20 Mn In Series A RoundViestories•Aug 18, 2026•Aavishkaar Capital, NeoGeo
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Gnani.ai Doubles Down On Sovereign Voice AI Models With Prisma v2.5 LaunchInc42•Jun 17, 2026•Aavishkaar Capital, Gnani
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Zouk to Raise Rs 60 Crore in Pre-Series C Funding Round Led by Aavishkaar Capital and Stellaris Venture PartnersEntrackr•Jun 02, 2026•Aavishkaar Capital, Sharrp Ventures, Zouk, Stellaris Venture Partners and 1 other
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Aavishkaar Capital Backs Gnani.ai in USD 10 Million Series B RoundStartupTalky•Mar 31, 2026•Aavishkaar Capital, Gnani, Info Edge, Info Edge Ventures
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Newtrace Raises $6.3 Mn To Commercialise Green Hydrogen TechInc42•Mar 10, 2026•Mitsui Sumitomo Insurance, NewTrace, HDFC Bank, Aavishkaar Capital and 4 others
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Aavishkaar Capital leads Rs 60 Cr round in debt relief platform FREEDEntrackr•Feb 26, 2026•Sorin Investments, FREED, Aavishkaar Capital, http://freed.co.in and 4 others
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Newtrace to raise pre Series A funding led by HDFC BankEntrackr•Feb 24, 2026•Bank.in, NewTrace, Mitsui Sumitomo Insurance, Peak XV Partners and 5 others
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HomeRun raises Rs 60 Cr in Series A led by Sorin InvestmentsStartupNews•Feb 17, 2026•Atrium, HomeRun, Sorin Investments, Sparrow Capital and 4 others
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GoDesi, an Indian traditional sweets manufacturer, raised funds in Series B roundStartup Log•Feb 10, 2026•GoDesi, Enrission India Capital, Rigel Capital, Sinar Mas and 3 others
