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Bharat Innovation Fund

Investor type Private Equity Firm
Founders Ashwin Raguraman Shyam Menon


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Total investments 19
Average round size
The average size of a deal this fund participated in
Portfolio companies 11
Rounds per year 3.17
Lead investments 2
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees 8

Areas of investment

  • Machine Learning
  • Artificial Intelligence
  • Computer
  • Software
  • Information Technology

In 2017 was created Bharat Innovation Fund, which is appeared as VC. The main office of represented VC is situated in the Ahmedabad. The fund was located in Asia if to be more exact in India.

This organization was formed by Ashwin Raguraman, Shyam Menon.

Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - India. The fund has specific favorite in a number of founders of portfolio startups. Among the most successful fund investment fields, there are Augmented Reality, Computer. Among the various public portfolio startups of the fund, we may underline Detect Technologies, Play Shifu, CreditVidya

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Bharat Innovation Fund, startups are often financed by Kalaari Capital, IDG Ventures, CIIE. The meaningful sponsors for the fund in investment in the same round are IDFC-Parampara Fund, SAIF Partners, Ryan Khoury.

The high activity for fund was in 2019. The fund is constantly included in 2-6 investment rounds annually. Considering the real fund results, this VC is 40 percentage points more often commits exit comparing to other organizations. The common things for fund are deals in the range of 1 - 5 millions dollars.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Bharat Innovation Fund:
Typical Co-investors
Bharat Innovation Fund is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Bharat Innovation Fund:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Entropik Technology

Artificial Intelligence
Machine Learning
$25M08 Feb 2023 Bengaluru, Karnataka, India


Big Data
Cyber Security
Information Technology
$7M06 Feb 2023 Boston, Massachusetts, United States

Human Edge

Health Care
$1M30 Aug 2022 Mumbai, Maharashtra, India

Detect Technologies

Oil and Gas
$28M14 Jul 2022 Chennai, Tamil Nadu, India

A5G Networks, Inc.

24 May 2022 Nashua, New Hampshire, United States

Zumutor Biologics

$6M09 Dec 2021 Woburn, Massachusetts, United States


Project Management
Service Industry
$1M27 Jul 2021 Bengaluru, Karnataka, India

Detect Technologies

Oil and Gas
$12M30 Jun 2021 Chennai, Tamil Nadu, India

Play Shifu

Augmented Reality
Media and Entertainment
STEM Education
$16M06 Apr 2021 Bengaluru, Karnataka, India


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