Avaana Capital is an early-stage venture capital platform, investing across climate and sustainability thematic areas including energy, resource management, mobility, supply chains, food security and sustainable consumption.
Stage: Early stage (Pre-seed to Series A)
Focus Area: Mobility and Supply Chains, Energy and Resources Management, Agritech
Investor type: Venture Firm
Global HQ: 103 Lodha Supremus, Dr E Moses Road, Worli Naka, Worli, Mumbai 400018
Offices: India
Website: www.avaanacapital.com | Linkedin
Fund Size
- Fund I – NA
- Fund II – $70 million
Asset under management – $100-125 million with a portfolio of 12+ investments. The new fund will invest $1-2 million upto 25 startups and will keep most of the reserve for follow-up investments.
The LP base for the fund consists of Small Industries Development Bank of India (SIDBI), Self Reliant India (SRI) Fund, the UK India Development Cooperation Fund (UKIDCF) and marquee corporates such as Godrej Group, Murugappa, Torrent, Tsadik, and Bellerive Capital, among others.
Thesis
Investment thesis: The fund is looking at opportunities across the climate spectrum, including greenhouse gas emissions, grid storage and stability, battery technologies, regenerative agriculture, water management, energy access, and Scope 3 (indirect emissions from a company’s value chain) measurement, monitoring and reporting.
Focus Area: Mobility and Supply Chains, Energy and Resources Management, Agritech
Funding stages: Early stage (Pre-seed to Series A)
Cheque size: $1-2 million
Target countries: India
Portfolio
Current Investments:
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General Partners
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Anjali Bansal
Founding Partner |
Investment Criteria
- NA
Submit Deck
Introduction preferred.