About Asha
Asha is a venture capital firm founded in 2014. It is primarily based out of Mumbai, India. As of Feb 2026, Asha is an active investor, having invested in 17 companies, with 1 new investment in the last 12 months. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Life Sciences to HealthTech and Food and Agriculture Tech. Most recently it participated in the $***** Series D round of Akshayakalpa Overall, Asha portfolio has seen 2 acquisitions, namely Gramophone and Vastu Housing Finance. A lot of funds co-invest with Asha, with names like Pramod Bhasin sharing a substantial percentage of its portfolio. Asha has team of 9 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 2 more
Portfolio Acquisitions
Deals in last 12 months
Asha's List of Top Investments
Asha has a portfolio of 17 companies. Their most notable investments are in Ascend Capital and Wonderland Foods.Their portfolio spans across India and United States. They have invested in Life Sciences, HealthTech, Food and Agriculture Tech and 16 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Asha:1. Akshayakalpa
Brand of organic dairy products and various fresh food items. The product line includes milk, ghee, butter, cheese, paneer, curd, and buttermilk. Additional offerings consist of eggs, vegetables, honey, coconut oil, bread, and grain-based batter. These goods are produced using organic farming practices and are distributed through a subscription-based mobile application and retail channels.
Key facts about Akshayakalpa
- Founded Year: 2010
- Location: Tiptur (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $58.1M
- Employee Count: 1,125 as on Mar 31, 2026
- Investors: Pratithi Investments, Lok Capital and 42 Others
- Latest Funding Round: Series D, Feb 07, 2026, $*****
- Highlight: Editors' Pick
2. Adda247
Provider of an online test preparation platform. It offers both a web-based platform as well as a mobile app for preparation. Its courses are available for examinations covering banking, SSC, CTET, and more, both Hindi and English. Its features include video lectures, online tests, study materials, updated current affairs questions, and practice quizzes. Its app can be downloaded via the Android platform.
Key facts about Adda247
- Founded Year: 2016
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $64.4M
- Employee Count: 916 as on Aug 31, 2025
- Investors: WestBridge Capital, JM Financial Private Equity and 8 Others
- Latest Funding Round: Series C, Sep 21, 2022, $*****
- Highlight: Editors' Pick
3. Varthana
Provider of school and student loan solutions. Its loan are custom built to suit the wide range of projects that help school leaders unlock the schools potential, as well as for college going students for the educational goals. It also support students in excelling in the studies for the dream careers.
Key facts about Varthana
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $89.5M
- Employee Count: 584 as on May 31, 2026
- Investors: ChrysCapital, Triodos Investment Management and 58 Others
- Latest Funding Round: Conventional Debt, Jan 08, 2026, $*****
- Highlight: Editors' Pick
4. Jana Care
JanaCare is a healthcare technology startup providing a diagnostic device and a mobile-based platform for diabetes management. The device can measure blood glucose, lipids, creatinine, and hemoglobin. Its Habits program available both on the web and through a mobile application is based on the diabetes prevention program curriculum. The mobile app "food: habits" tracks user's calories and fat intake provides suggestions for meals, aids to set calorie burning and weight loss goals.
Key facts about Jana Care
- Founded Year: 2011
- Location: Newton (United States)
- Stage: Series C
- Total Funding till date: $35.7M
- Employee Count: 76 as on Oct 31, 2026
- Investors: Agent Capital, IAG Capital Partners and 16 Others
- Latest Funding Round: Series C, Mar 12, 2026, $*****
- Highlight: Editors' Pick
5. Truemeds
Provider of a technology-driven online pharmacy and telehealth platform. The company products include prescription medicines, non-prescription medicines, branded medicines, and generic substitutes. It also sells healthcare products such as multivitamins, supplements, personal care items, baby care, oral care, and healthcare devices.
Key facts about Truemeds
- Founded Year: 2019
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $114M
- Employee Count: 318 as on Aug 31, 2025
- Investors: WestBridge Capital, CapFort Ventures and 55 Others
- Latest Funding Round: Series C, Mar 07, 2025, $*****
- Highlight: Editors' Pick
Asha's Year-on-Year Investment Trends
Asha has invested in 17 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in Akshayakalpa and most recent follow-on round was in Automony.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 1 | 2 | 3 |
2023 | 0 | 1 | 1 |
2022 | 0 | 2 | 2 |
2021 | 1 | 2 | 3 |
2020 | 0 | 1 | 1 |
2019 | 4 | 1 | 5 |
2018 | 1 | 0 | 1 |
Asha's Investments by Stage
Asha has made 7 investments in Series A stage with an average round size of $4.13M, 4 investments in Series B stage with an average round size of $10.8M, 1 investment in Seed stage with an average round size of $865K and 1 investment in Series D stage with an average round size of $19.3M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Series B | 4 |
Seed | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Asha's Investments by Sector
Asha has a diverse portfolio, with companies operating in the Financial Services, Sustainability Tech, Consumer, Consumer Goods and EdTech. Notably, it has invested in 11 Consumer (B2C) companies, 8 Enterprise (B2B) companies, 7 Tech companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
Financial Services | 3 |
Sustainability Tech | 3 |
Consumer | 2 |
Consumer Goods | 2 |
EdTech | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
Asha's Investments by Geography
Asha has made most investments in India (12).Asha's recent investments
Asha has made 1 investments in 2026 so far - Akshayakalpa.Here are the most recent investments by Asha:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 07, 2026 | India | Series D | 4347 | [+7] | |
Oct 30, 2025 | India | Series A | 1685 | ||
Sep 19, 2025 | India | Series B | 5221 | ||
Jun 14, 2024 | India | Series A | 7764 | ||
Apr 09, 2024 | India | Series B | 3971 | [+4] |
Acquired companies in Asha's Portfolio
2 companies from Asha's portfolio have been acquired. The most recent acquisition was Gramophone in Jan 2026 by Unnati for $*****.Here are Asha's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 04, 2026 | Aug 06, 2019 | Series A | 7728 | |
Mar 01, 2015 | - | - | 8833 |
Team profile of Asha
Asha has a team of 9 members including 3 Partners and 1 Principal located in India. Asha's team sits on the board of 3 companies.Here is a list of all team members in Asha:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | |||
Partner | Delhi | |||
Partner | Mumbai | - | ||
Principal | - | - |
Co-investors of Asha
Over the past 11 years, 215 investors have co-invested in Asha's portfolio companies. This includes funds and angels.
- Invested before Asha: Info Edge Ventures, Aavishkaar Capital and 80 others have invested in rounds before Asha. There are 2 companies where Info Edge Ventures has invested before Asha and 2 companies where Aavishkaar Capital has invested before Asha.
- Top Co-investors of Asha: 78 investors entered a company along with Asha. These include investors like Pramod Bhasin (3 companies).
- Invested after Asha: A total of 55 investors have invested in Asha's portfolio after their investments. Top Investors include WestBridge Capital (2 companies), MMPL Trust (2 companies) and Konark Trust (2 companies).
Recent News related to Asha
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Wonderland Foods raises Rs 140 Cr in maiden funding roundEntrackr•Oct 23, 2025•Asha, Wonderland Foods, British International Investment
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Asha Ventures Secures $10 Mn For Its Maiden FundInc42•Apr 07, 2025•British International Investment, Asha
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Asha Ventures has raised USD 10 Million from British International InvestmentEnablers•Apr 07, 2025•Asha, British International Investment
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Adda247 Achieves Exceptional Success in UGC NET 2024, 4000 Plus Students Clear ExamAsian News International•Oct 21, 2024•Adda247, Google, WestBridge Capital, Info Edge and 1 other
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Lawsuit Accuses Frizzell Law Firm of Breaching Escrow Agreement in $2M Bitcoin DealBlock Tribune•Jul 30, 2024•Frizzelllaw, Knights, Asha
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EV financing startup Ascend Capital raises Rs 50 Cr in Series AYourStory•Feb 14, 2024•Ascend Capital, Info Edge Ventures, Asha
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VC firm Asha Ventures marks first close of new fund with $50M corpusYourStory•Dec 14, 2023•Asha, Adda247, Vastu Housing Finance, Varthana and 2 others
