About Blue Ashva Capital
Blue Ashva Capital is a venture capital firm founded in 2019. It is primarily based out of Singapore, Singapore. As of Sep 2026, Blue Ashva Capital is an active investor, having invested in 26 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from High Tech to Retail and Enterprise Applications. Most recently it participated in the $***** Seed round of Kepler Aerospace Overall, Blue Ashva Capital portfolio has seen 1 IPO, namely ideaForge. A lot of funds co-invest with Blue Ashva Capital, with names like Capital-A sharing a substantial percentage of its portfolio. Blue Ashva Capital has team of 17 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Blue Ashva Capital's List of Top Investments
Blue Ashva Capital has a portfolio of 26 companies. Their most notable investments are in Tan90 and Tan90.Their portfolio spans across India, United Kingdom and United States. They have invested in High Tech, Retail, Enterprise Applications and 19 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Blue Ashva Capital:
1. Leverage Edu
Provider of academic admissions counseling and professional career placement services. This entity assists individuals with university application processes and facilitates employment opportunities across various industries. Services include document validation, interview preparation, and language training to support professional mobility. Additionally, the organization offers financial assistance, housing support, and online degree programs to help individuals achieve their educational and career objectives.
Key facts about Leverage Edu
- Founded Year: 2017
- Location: London (United Kingdom)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $60.3M
- Employee Count: 999 as on Mar 31, 2026
- Investors: BlackSoil, Avendus and 169 Others
- Latest Funding Round: Series C, Feb 09, 2026, $*****
- Highlight: Editors' Pick
Brand of ready-to-cook, wholesome, and healthy food products. The company's product line includes various batter mixes, parathas, paneer, curd, coffee, and other food items. Its products are made with fresh ingredients and are preservative-free. The company aims to provide convenient and healthy food options for consumers. They emphasize traditional preparation methods and focus on delivering quality food products.
Key facts about ID Fresh Food
- Founded Year: 2005
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $126M
- Employee Count: 1,943 as on Aug 31, 2025
- Investors: Helion Venture Partners, Premji Invest and 57 Others
- Latest Funding Round: Series E, Feb 18, 2026, $*****
Manufacturer of organic food products including cultured ghee, stone ground flour, cold pressed oils, and natural sweeteners. The company produces traditional dairy items, various grain flours, plant based oils, and unrefined sugar alternatives. These products are processed using traditional methods to maintain quality and purity. The offerings include a variety of pantry staples and health focused food items derived from natural ingredients.
Key facts about Two Brothers Organic Farms
- Founded Year: 2016
- Location: Pune (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $25.1M
- Employee Count: 207 as on Feb 28, 2026
- Investors: 360 One, Crest Ventures and 19 Others
- Latest Funding Round: Series B, Sep 27, 2025, $*****
- Highlight: Editors' Pick
4. Dhruva Space
Provider of full-stack space engineering solutions, satellite platforms, and launch services. They offer integrated satellite solutions coupled with earth stations. The company provides technology solutions to power space-based applications. These applications extend from Earth and beyond. The company also provides spacecraft solar arrays and imagery services.
Key facts about Dhruva Space
- Founded Year: 2012
- Location: Hyderabad (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $37.4M
- Employee Count: 311 as on May 31, 2026
- Investors: DSP Mutual Fund, SIDBI and 148 Others
- Latest Funding Round: Series A, Jun 25, 2026, $*****
- Highlight: Editors' Pick
5. FS Life
Provider of multi-category fashion products. The platform offers precious jewelry, apparel, traditional clothing, and more.
Key facts about FS Life
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $15.3M
- Employee Count: 270 as on Jun 30, 2025
- Investors: Trifecta Capital, Fireside Ventures and 49 Others
- Latest Funding Round: Series B, Jul 07, 2025, $*****
- Highlight: Editors' Pick
Blue Ashva Capital's Year-on-Year Investment Trends
Blue Ashva Capital has invested in 26 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 13 investments, while as of Sep 2026, it has made 3 investments in this year. Its most recent first time investment was in Kepler Aerospace and most recent follow-on round was in Quick Clean.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 8 | 5 | 13 |
2024 | 0 | 5 | 5 |
2023 | 0 | 4 | 4 |
2022 | 4 | 4 | 8 |
2021 | 7 | 1 | 8 |
2020 | 3 | 0 | 3 |
Blue Ashva Capital's Investments by Stage
Blue Ashva Capital has made 11 investments in Seed stage with an average round size of $2.7M, 6 investments in Series A stage with an average round size of $5.62M, 5 investments in Series B stage with an average round size of $12.4M and 2 investments in Series C stage with an average round size of $10.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Series A | 6 |
Series B | 5 |
Series C | 2 |
Note: We have considered here, only first round of investments
Blue Ashva Capital's Investments by Sector
Blue Ashva Capital has a diverse portfolio, with companies operating in the High Tech, Consumer, Sustainability Tech, Enterprise Applications and Environment Tech. Notably, it has invested in 21 Tech companies, 20 Enterprise (B2B) companies, 10 Tech hardware companies and at least 9 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 8 |
Consumer | 6 |
Sustainability Tech | 6 |
Enterprise Applications | 5 |
Environment Tech | 5 |
Others | 36 |
Note: We have considered here, only first round of investments
Blue Ashva Capital's Investments by Geography
Blue Ashva Capital has made most investments in India (23), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 23 |
United Kingdom | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Blue Ashva Capital's recent investments
Blue Ashva Capital has made 3 investments in 2026 so far. Kepler Aerospace and Quick Clean are the latest among them.Here are the most recent investments by Blue Ashva Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 01, 2026 | India | Seed | 4824 | [+1] | |
Jul 16, 2026 | India | Series B | 7880 | [+1] | |
May 06, 2026 | United States | Seed | 3031 | [+4] | |
Dec 19, 2025 | India | Seed | 3678 | [+1] | |
Dec 13, 2025 | India | Series A | 4685 | [+5] |
IPOs and Publicly Listed companies in Blue Ashva Capital's Portfolio
1 of Blue Ashva Capital's portfolio company became public - ideaForge. It got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Jul 2023 at marketcap of $339MHere are Blue Ashva Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2023 | Apr 28, 2022 | Series B | 3176 |
Team profile of Blue Ashva Capital
Blue Ashva Capital has a team of 17 members including 5 Partners and 5 Principals located in India and Singapore. Blue Ashva Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Blue Ashva Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | |||
Partner | Singapore | - | ||
Partner | - | - | ||
Partner | Bengaluru | - | ||
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Principal | Mumbai | - | ||
Principal | Mumbai | - | ||
Principal | India | - | ||
Principal | - | - |
Co-investors of Blue Ashva Capital
Over the past 6 years, 819 investors have co-invested in Blue Ashva Capital's portfolio companies. This includes funds and angels.
- Invested before Blue Ashva Capital: Blume Venture, Trifecta Capital and 423 others have invested in rounds before Blue Ashva Capital. There are 4 companies where Blume Venture has invested before Blue Ashva Capital and 3 companies where Trifecta Capital has invested before Blue Ashva Capital.
- Top Co-investors of Blue Ashva Capital: 246 investors entered a company along with Blue Ashva Capital. These include investors like Capital-A (3 companies).
- Invested after Blue Ashva Capital: A total of 148 investors have invested in Blue Ashva Capital's portfolio after their investments. Top Investors include Blume Venture (2 companies), Nandini Mansinghka (2 companies) and SIDBI (1 company).
Recent News related to Blue Ashva Capital
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Kepler Aerospace Secures $8 Million Seed Funding Led by Blue Ashva CapitalIndian Startup News•Sep 01, 2026•Blue Ashva Capital, Kepler Aerospace, Kepler Aviation, iDEX and 1 other
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Tan90 Thermal Solutions has raised INR 20 Cr in a Series A funding round led by NABVENTURESEnablers•May 20, 2025•Tan90, NABVENTURES, Blue Ashva Capital, Capital A and 1 other
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Indian laundry startup Quick Clean nets $6m in fundingTech in Asia•Feb 27, 2025•Quick Clean, Alkemi Growth Capital, Blue Ashva Capital
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Quick Clean bags $6M in Series A round led by Alkemi Growth Capital and Blue Ashva CapitalYourStory•Feb 26, 2025•Quick Clean, Alkemi Growth Capital, Blue Ashva Capital, Quick Clean and 1 other
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Quick Clean secures Rs 50 crore in funding round led by Alkemi Growth CapitalFashion Network•Feb 26, 2025•Quick Clean, Alkemi Growth Capital, Blue Ashva Capital
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Dairy Tech Startup Stellapps Secures $26 Mn FundingViestories•Oct 21, 2024•Stellapps, Mile Deep Capital, DFC, Blume Venture and 5 others
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Stellapps raises Rs 210 cr from Blume Ventures, Bill & Melinda Gates Foundation, othersNewsDrum•Oct 21, 2024•Stellapps, Blume Venture, Gates, Blue Ashva Capital and 1 other
