How many investments has Athera Venture Partners made?

Athera Venture Partners has 38 tracked investments, 8 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.

What stage does Athera Venture Partners invest at?

Athera Venture Partners invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.

What is Athera Venture Partners's typical check size?

Athera Venture Partners typically writes checks of $480K – $3M.

Where is Athera Venture Partners located?

Athera Venture Partners is headquartered in Bangalore, IN.

Does Athera Venture Partners lead rounds?

Yes, Athera Venture Partners leads investment rounds.

Who does Athera Venture Partners co-invest with?

Athera Venture Partners most often shares deals with Merak Ventures, Chiratae Ventures, Inventus Capital Partners, among 41 tracked co-investors.

Athera Venture Partners

Venture capital

Bangalore · Pre-Seed–Growth · 9 people tracked

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Investment thesis

Athera Venture Partners backs India's technology founders from idea stage onward, focusing on resilient entrepreneurs who combine sharp product insight with the discipline to build durable businesses rather than chasing funding milestones. Investing across Consumer, Enterprise and Deeptech sectors, the firm emphasizes companies built on structural advantages rather than market timing, valuing long-term compounding value over exit timing. Formerly known as Inventus, Athera positions itself as a grounded, founder-friendly, no-nonsense partner that supports companies through difficult periods and often reinvests. Its track record includes backing defining Indian companies such as redBus, Policybazaar, Sokrati and Unbxd.

Invests inConsumer Data & Infrastructure Deep Tech EdTech Enterprise Software Fintech Healthtech Media & Entertainment SaaS Bangalore Bengaluru India

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Growth

Check

$480K – $3M

Bangalore, IN

Leads rounds

Leads

Instruments

Equity

Founded

2008

AUM

$130M

Tracked investments

Team · 9 people

from the firm's website & public directories

Parag Dhol· Venture Investor· Bangalorein

Parag Dhol has spent most of his career in early-stage venture capital, beginning at ICICI Venture in 1993 and later working in the corporate venture arms of GE and Intel before joining Inventus (now Athera Venture Partners) in 2008. He holds a B.Tech. in Mechanical Engineering from IIT Delhi and an MBA from IIM Bangalore. He is a Charter Member of TiE Bangalore and serves on the investment committees of Bangalore-based incubators.

p•••@atheravp.comreveal

Rajiv Mehta· General Partner· Indiain

Rajiv Mehta is a General Partner at Athera Venture Partners who moved into early-stage venture investing in 2023 after a 21-year operating career in consumer and retail. He launched Puma in India and grew it to the top position, led footwear and private label apparel divisions at Arvind Brands, founded the sports brand D:FY, and served as CEO of Stove Kraft Ltd, which he took public. He has been an active angel investor since 2011 with over 15 investments and was part of the Indian Angel Network.

r•••@atheravp.comreveal

Rutvik Doshi· General Partner· Bengaluru, Karnataka, Indiain 𝕏

Rutvik Doshi has invested in early-stage technology companies since 2012, after more than a decade of operating roles at global technology firms and startups. He began his career in the U.S. working on internet infrastructure and enterprise software at CA Technologies, later joined Google in Bangalore where he led products including Voice Search and the Google Mobile App, and founded an e-commerce startup, Taggle. He holds a B.Tech from IIT Kharagpur and an MBA from INSEAD, along with six patents in web applications and infrastructure.

r•••@atheravp.comreveal

Samir Kumar· General Partner· Bengaluru, Karnataka, Indiain

Samir Kumar began early-stage venture investing in 2001 after a 15-year operating career in the IT industry, much of it at Wipro, where he worked on its joint venture with Acer Computer in Taiwan to build and sell computers for the Indian market. He entered venture capital by joining Acer Technology Ventures, then co-founded Inventus and has been involved in its three funds, including Inventus III – India Fund. He holds a B.Tech (EE) from IIT Bombay and an MBA from IIM Bangalore.

s•••@atheravp.comreveal

Mangala Jois· Business Administration· Bengaluru, Karnataka, Indiain

m•••@atheravp.comreveal

Anshu Pandey· Investment Team· Bengaluru, Karnataka, Indiain

Anshu Pandey is a member of the investment team at Athera Venture Partners, joining after more than five years across consulting, strategy, and product roles at Indian startups and VC firms. He previously held a strategy role at OYO, worked on ShareChat's product team (including the early team behind its short-video platform Moj), and worked in the CEO's Office at Navi reporting to Sachin Bansal. He completed internships at Bessemer Venture Partners and Hummingbird Ventures, and holds an MBA from IIM Ahmedabad and a B.Tech in Mechanical Engineering from IIT Kanpur.

a•••@atheravp.comreveal

Ishan Sinha· Investment Team· Bengaluru, Karnataka, Indiain

Ishan Sinha is a member of the investment team at Athera Venture Partners, joining after roughly seven years across strategy consulting, operations, and project management. He was previously a Senior Consultant at Bain & Company, working on growth, product, channels, CX, margins, and post-merger integration primarily in consumer tech, consumer products, retail, and digital insurgents, and earlier held a project management role in the energy sector at Technip. He holds an MBA from the Indian Institute of Management, Bangalore, and a B.Tech in Mechanical Engineering from NIT Hamirpur.

i•••@atheravp.comreveal

Kavya Prudhvi· Investment Team

k•••@atheravp.comreveal

Tanya Sequeira· Chief Financial Officer· Bengaluru, Karnataka, Indiain

t•••@atheravp.comreveal

What they invest in

from 18 of 38 portfolio companies

AI & Machine Learning ×10Enterprise Software ×4Data & Infrastructure ×3EdTech ×3HR Tech ×3SaaS ×3Advanced Manufacturing ×2Consumer ×2

HQs:India×6United States×3

Who they back

founder profiles across 9 portfolio companies

78%

solo founders

7 of 9 mapped founding teams

Founding team size:solo founder×72 founders×13 founders×1

Investments · 38 tracked

founders shown can be your intro path

By year:2025 · 1 2023 · 12 dated

Aasaanjobsaasaanjobs.com in 𝕏acquired by OLX

A staffing and recruitment firm offering end-to-end workforce solutions, including permanent and temporary placements, contract staffing, executive search, HR consulting, and payroll and compliance management.

Future of WorkHR TechMarketplacesBengaluru, IN

Alippo

Live skilling classes for women.

Ati Motorsatimotors.com in 𝕏Jan 2025 · $20M

Ati Robotics builds factory-hardened autonomous mobile robots (AMRs) and an AI-driven orchestration platform (Ati Flow/Ativerse) that coordinates material movement on manufacturing floors and integrates with ERP and MES systems.

Advanced ManufacturingIoTRoboticsRochester Hills, US

Saurabh Chandra(Executive Officer, Director)

BoardChinnugounder Senthilkumar(Director)Arpit Agarwal(Director)inRohit Sharma(Director)inNihar Ranjan(Director)

Co-investorsExfinity Ventures NGP Capital Blume Ventures True Ventures Walden Catalyst

Beacon

AI-powered product assistant for enterprise software adoption.

BluArmorthebluarmor.com

BluArmor makes helmet communication systems for motorcyclists, combining rider-to-rider communication, audio, safety features, and accessory control into a single interface.

ConsumerHardwareIoT

cbazaar

eCommerce platform for ethnic Indian apparel; IPO on NSE SME Exchange.

ClickPost

Logistics management platform for online retailers.

Clootrack

Real-time customer experience analytics platform.

CynLrcynlr.com in

CynLr builds a hardware and software machine-vision platform ("Object Intelligence") that lets robots see, grasp, and orient unknown objects without pre-training, and offers robotic systems such as CyRo, CyNoid, and Mantroid for manufacturing and logistics.

Advanced ManufacturingAI & Machine LearningRobotics

Gokul N A(Founder)in

Co-investorsAnicut Capital IIMA Ventures Merak Ventures Pavestone Redstart Labs Speciale Invest

Euler

Small cargo electric vehicles for intracity logistics.

Euler Motorseulermotors.com in 𝕏

Euler Motors offers commercial vehicle products and a tool to help fleet operators calculate profitability.

Mobility & Transportation

Saurav Kumar(Founder)in

Co-investorsADB Ventures Alteria Capital BlackSoil Blume Ventures

Firecompassfirecompass.com in 𝕏

FireCompass offers agentic AI penetration testing for web applications and APIs, mapping an organization's attack surface, validating exploitable vulnerabilities with working proof-of-concept exploits, and chaining findings into multi-stage attack paths.

AI & Machine LearningCybersecurityEnterprise Software

Co-investorsCervin

FundsIndiafundsindia.com in 𝕏acquired by WestBridge

FundsIndia (operated by Wealth India Financial Services Pvt.

FintechInsurTechMarketplacesBengaluru, IN

funtootfuntoot.com in 𝕏acquired by Embibe

funtoot is an AI and machine-learning based personalized online tutoring platform for Math and Science that builds a customized learning path for each student based on their level, interests, and past performance.

AI & Machine LearningEdTech

HealthifyMehealthifyme.com

Digital health and wellness platform helping users adopt healthier lifestyles and manage lifestyle diseases.

Tushar Vashisht(Founder)inMathew Cherian(Founder)Sachin Shenoy(Founder)in

Co-investorsChiratae Ventures HealthQuad Samsung Next Silver Lake Partners Blume Ventures Claypond Capital +7 more

HiFy

Gamification and sharing of amateur sports content.

Hyperbots

Insta Healthacquired by Practo

Hospital management and electronic medical records; acquired by Practo.

Knolskapeknolskape.com in 𝕏

KNOLSKAPE builds AI-powered experiential learning and simulation solutions for corporate leadership development and workforce skilling.

AI & Machine LearningEdTechHR Tech

Rajiv Jayaraman(Founder & CEO)

Co-investorsMela Ventures

LBBacquired by Nykaa

Local brands discovery and eCommerce; acquired by Nykaa.

Lemnisklemnisk.co in 𝕏acquired by Affle

Lemnisk offers a composable Customer Data Platform that unifies customer data and uses AI to power real-time segmentation, personalization, and journey orchestration across channels such as email, SMS/RCS, WhatsApp, push notifications, and Google and Meta ads.

AI & Machine LearningData & InfrastructureMarketing Tech

Co-investorsMerak Ventures

MoveInSyncmoveinsync.com in 𝕏

MoveInSync provides an employee commute and transportation management platform serving enterprise clients globally.

Enterprise SoftwareFuture of WorkHR TechMobility & TransportationSaaSBengaluru, IN

Akash Maheshwari(Founder)in

Co-investorsBessemer Venture Partners Qualcomm Ventures

PB Fintech Ltd.policybazaar.com

Sarbvir Singhin

Co-investorsAlpha Wave Global Info Edge SoftBank Vision Fund Steadview Capital

Picsee

Pixxelpixxel.space in 𝕏Jun 2023 · $36M

Pixxel builds hyperspectral satellite systems and software to monitor Earth's ecosystems, resources, and atmosphere for environmental management and climate action.

AgTechAI & Machine LearningCleantechClimate TechData & InfrastructureDeep TechSpace TechPalo Alto, US

Awais Ahmed(Founder)inKshitij Khandelwal(Founder)in

Co-investorsAditya Birla Ventures Inventus Capital Partners Merak Ventures Radical Ventures Seraphim Space Techstars +5 more

Playshifuplayshifu.com in

Play Shifu makes educational STEM toys and games for children, organized by age group (from 4 to 10+ years) and area of interest.

ConsumerDirect to ConsumerEdTechSheridan, US

Vivek Goyal(Founder)

Co-investorsChiratae Ventures Liquidity Capital Pavestone Trifecta Capital Advisors Inflexor Ventures

PolicyBazaar

India's largest insurtech, NSE-listed in 2021 serving over 8 crore registered users.

Co-investorsPremji Invest Sharrp Ventures

Power2SMEpower2sme.com in

Buying club for manufacturing SMEs.

Co-investorsAccel

redBusredbus.in

World's most-used bus booking platform with $1Bn+ annual GMV; acquired by MakeMyTrip.

Robylon AIrobylon.ai in 𝕏

Robylon provides an AI agent platform for customer support that can operate standalone or integrate with existing helpdesk tools.

AI & Machine LearningEnterprise SoftwareSaaS

Mayank Shekhar(Founder)in

Co-investorsBetter Capital Kane & Rao Group

Savaari

Intercity car rental aggregator; acquired by MakeMyTrip.

Sokratisokrati.com in 𝕏acquired by Dentsu

Sokrati (also known as Merkle Sokrati) is a digital marketing agency that offers performance marketing, organic search/SEO, analytics, and campaign strategy services to brands.

AdTechMarketing Tech

Terra

3D metaverse gaming for Gen Alpha.

Tricogtricog.com in 𝕏

Tricog provides an AI-based cardiac diagnosis platform that combines medical-grade AI, cloud technology, and cardiac specialists to deliver timely ECG/EKG interpretation and cardiac care.

AI & Machine LearningDigital HealthMedical DevicesBengaluru, IN

Zainul Charbiwala(Founder)in

Co-investorsSony Ventures Corporation UTEC

Truebilacquired by Spinny

Peer-to-peer used car marketplace; merged with Spinny.

Unbxdunbxd.com

Pavan Sondur(Founder)in

Co-investorsF-Prime Capital Inventus Capital Partners Nirvana Venture Advisors Orios Venture Partners Peterson Ventures

VuNetvunetsystems.com in 𝕏

VuNet offers a business observability platform (vuSmartMaps) that correlates metrics, events, logs, and traces into digital transaction flows, using AI/ML to detect and resolve issues before they affect customers.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsDallas Venture Capital Mela Ventures

worxogoworxogo.com

worxogo offers Nudge Coach, a SaaS platform that uses behavioral science and AI to deliver personalized nudges, microlearning, gamification, and coaching dashboards to sales and frontline teams.

AI & Machine LearningSaaSSales Tech

Co-investorsIdeaspring Capital

Exits · 8

IPOs and acquisitions across the tracked portfolio

Aasaanjobsacq. by OLXFundsIndiaacq. by WestBridgefuntootacq. by EmbibeInsta Healthacq. by PractoLBBacq. by NykaaLemniskacq. by AffleSokratiacq. by DentsuTruebilacq. by Spinny

Portfolio news

latest coverage across their companies

Temasek leads $100 million round valuing Pixxel up to $400 million

Pixxel · newsbytesapp.com · Jul 7, 2026

Euler Motors Raises INR 437.5 Crore in Series E Funding Led by Lightrock - Asia Pacific | Energetica India Magazine

Euler Motors · energetica-india.net · Mar 25, 2026

Frequently asked questions

How many investments has Athera Venture Partners made?: Athera Venture Partners has 38 tracked investments, 8 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Athera Venture Partners invest at?: Athera Venture Partners invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
What is Athera Venture Partners's typical check size?: Athera Venture Partners typically writes checks of $480K – $3M.
What sectors does Athera Venture Partners focus on?: Athera Venture Partners focuses on Consumer, Data & Infrastructure, Deep Tech, EdTech, Enterprise Software, Fintech, Healthtech, Media & Entertainment, SaaS.
Where is Athera Venture Partners located?: Athera Venture Partners is headquartered in Bangalore, IN.
Does Athera Venture Partners lead rounds?: Yes, Athera Venture Partners leads investment rounds.
Who does Athera Venture Partners co-invest with?: Athera Venture Partners most often shares deals with Merak Ventures, Chiratae Ventures, Inventus Capital Partners, among 41 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Parag Dhol - Athera Venture Partners | Headstart Founders' School | Headstart Network

Headstart Network · Parag Dhol

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