About Sangam Ventures
Sangam Ventures is a venture capital firm founded in 2012. It is primarily based out of Gurugram, India. As of May 2025, Sangam Ventures has invested in 20 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Food and Agriculture Tech to Environment Tech and Energy Tech. Most recently it participated in the $***** Seed round of Promethean Energy A lot of funds co-invest with Sangam Ventures, with names like Manoj Aheeray sharing a substantial percentage of its portfolio. Sangam Ventures has team of 37 people including 14 partners.Key Metrics
Sangam Ventures' List of Top Investments
Sangam Ventures has a portfolio of 20 companies. Their most notable investments are in Inficold and Promethean Energy.Their portfolio spans across India, Bangladesh, United Kingdom and 1 more locations. They have invested in Food and Agriculture Tech, Environment Tech, Energy Tech and 12 other sectors, across stages such as Seed, Angel and 1 more. Here is the list of top investments by Sangam Ventures:
1. DrinkPrime
Provider of water purification devices available through subscription plans and services. The company offers a range of water purification products utilizing multi-stage filtration. These products incorporate features such as sediment and carbon filters, RO membrane, UV lamp, mineraliser, and alkaline filter. The company provides options for tracking water consumption and filter health.
Key facts about DrinkPrime
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $18M
- Employee Count: 287 as on Aug 31, 2025
- Investors: SIDBI Venture Capital, LetsVenture and 91 Others
- Latest Funding Round: Series A, Mar 11, 2026, $*****
- Highlight: Editors' Pick
2. Smart Joules
Provider of AI-powered energy efficiency solutions for commercial buildings. It provides cooling solutions through a subscription model, focusing on total cost of ownership. It offers design, implementation, operations, maintenance, and optimisation services. The company delivers efficiency through design, equipment, and data-based operations.
Key facts about Smart Joules
- Founded Year: 2014
- Location: Delhi (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $20.7M
- Employee Count: 204 as on Aug 31, 2025
- Investors: Burman Family, Max Ventures & Industries and 26 Others
- Latest Funding Round: Series B, Nov 28, 2025, $*****
- Highlight: Editors' Pick
3. Carbonlites
Biogas digester developer and bio-CNG producer. It offers products such as carbonlites cylinder, a ready to use bio-CNG purified biogas for cooking purposes, carbonlites-in-a-box, a biogas anaerobic digester unit, carbonlites organic manure, an organic manure synthesized from the digestate produced while making carbonlites.
Key facts about Carbonlites
- Founded Year: 2009
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.93M
- Employee Count: 58 as on Aug 31, 2025
- Investors: Schneider Electric, Indian Angel Network and 145 Others
- Latest Funding Round: Seed, Mar 03, 2025, $*****
- Highlight: Editors' Pick
Provider of carbon footprinting software and Net Zero consulting services. Its mission is to reduce carbon emissions by replacing fossil fuels consumption with innovative, clean energy, low carbon solutions & products. It has pioneered the conversion of food and the organic fraction of municipal solid waste to produce two climate-friendly products.
Key facts about Carbon Masters
- Founded Year: 2009
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $2.05M
- Employee Count: 58 as on Aug 31, 2025
- Investors: Schneider Electric, Indian Angel Network and 75 Others
- Latest Funding Round: Series A, Sep 19, 2025, $*****
5. Delectrik
Developer of flow battery systems for renewable energy integration. These systems are designed to address the intermittency of renewable sources. The products facilitate continuous clean energy availability, reducing reliance on fossil fuels. The company provides energy storage solutions for diverse applications.
Key facts about Delectrik
Sangam Ventures' Year-on-Year Investment Trends
Sangam Ventures has invested in 20 companies over the last 13 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in Thermistance and most recent follow-on round was in Promethean Energy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 2 | 2 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 0 | 3 | 3 |
2021 | 1 | 1 | 2 |
2020 | 2 | 1 | 3 |
2019 | 2 | 1 | 3 |
2018 | 0 | 1 | 1 |
2017 | 2 | 0 | 2 |
Sangam Ventures' Investments by Stage
Sangam Ventures has made 11 investments in Seed stage with an average round size of $412K, 1 investment in Angel stage with an average round size of $239K and 1 investment in Series A stage with an average round size of $4.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Angel | 1 |
Series A | 1 |
Note: We have considered here, only first round of investments
Sangam Ventures' Investments by Sector
Sangam Ventures has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, Energy Tech, Food and Agriculture Tech and Enterprise Applications. Notably, it has invested in 17 Enterprise (B2B) companies, 17 Tech companies, 6 Tech hardware companies and at least 5 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Sustainability Tech | 9 |
Environment Tech | 8 |
Energy Tech | 6 |
Food and Agriculture Tech | 3 |
Enterprise Applications | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
Sangam Ventures' Investments by Geography
Sangam Ventures has made most investments in India (13), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 13 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Sangam Ventures' recent investments
Sangam Ventures has not made any investment in 2026 so far.Here are the most recent investments by Sangam Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 06, 2025 | India | Seed | 2204 | [+3] | |
Mar 03, 2025 | India | Seed | 7023 | [+46] | |
Aug 02, 2024 | India | Seed | 3187 | [+10] | |
Sep 16, 2023 | India | Seed | 4043 | - | |
Sep 15, 2023 | India | Seed | 6830 | - |
Team profile of Sangam Ventures
Sangam Ventures has a team of 37 members including 14 Partners and 9 Principals located in India. Sangam Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Sangam Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Panaji | - | ||
Partner | Bengaluru | - | - | |
Partner | Bengaluru | - | - | |
Partner | India | - | ||
Partner | Washim | - | - | |
Partner | Washim | - | - | |
Partner | Gurugram | - | - | |
Partner | Chennai | - | ||
Partner | India | - | - | |
Partner | Bengaluru | - | - |
Co-investors of Sangam Ventures
Over the past 13 years, 325 investors have co-invested in Sangam Ventures's portfolio companies. This includes funds and angels.
- Invested before Sangam Ventures: Guardian Advisors, IntelleVentures and 29 others have invested in rounds before Sangam Ventures. There is 1 company where Guardian Advisors has invested before Sangam Ventures and 1 company where IntelleVentures has invested before Sangam Ventures.
- Top Co-investors of Sangam Ventures: 102 investors entered a company along with Sangam Ventures. These include investors like Manoj Aheeray (2 companies).
- Invested after Sangam Ventures: A total of 192 investors have invested in Sangam Ventures's portfolio after their investments. Top Investors include Good Capital (3 companies), Nativelead (2 companies) and Schneider Electric (2 companies).
Recent News related to Sangam Ventures
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Carbon Masters India Raises Funding From Schneider Electric Energy Access AsiaEnablers•Sep 22, 2025•Indian Angel Network, Schneider Electric, Sangam Ventures, Carbonlites and 1 other
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Indian Cleantech Startup Promethean Energy Secures $2M Pre-Series A FundingIncubees•May 26, 2025•Promethean Energy, Fondation Botnar, Transition VC, SAGANA and 1 other
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To date, the Indian environment tech sector has raised USD 7.3 Bn in fundingEntrepreneur•Apr 22, 2024•100X.VC, Sangam Ventures, Good Capital, Soonicorn Ventures
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India’s environment-tech startups raise $240 million in early 2024: TracxnCNBC-TV18•Apr 19, 2024•Blu-Smart, Rideriver, , Sangam Ventures and 4 others
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Smart Joules Raises $8 Mn Debt From Denmark’s IFU To Offer B2B Cooling SolutionsInc42•Mar 01, 2024•Smart Joules, Impact Fund, Asian Development Bank, Sangam Ventures and 2 others
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Climate-tech venture Carbon Masters India raises Pre-Series A fundingViestories•Sep 29, 2022•Carbonlites, Schneider Electric, Sangam Ventures, Investopad and 2 others
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Raintree Family Office, ADB arm, others invest $4.9M in Samrt JoulsYourStory•Apr 22, 2021•Smart Joules, Raintree Family Office, Sangam Ventures, cKinetics and 3 others
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ADB arm, others invest Series A money in energy efficiency startup Smart JoulesVCCircle•Mar 17, 2021•Smart Joules, Asian Development Bank, Sangam Ventures, Max India and 2 others
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