How many investments has Athera Venture Partners made?

Athera Venture Partners has 39 tracked investments, 8 of which have exited, including 3 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 42 tracked co-investors.

Athera Venture Partners

Venture capital

Bangalore · Pre-Seed–Growth · 9 people tracked

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Find your way into Athera Venture Partners

2,831 people in our graph share verified history with the Athera Venture Partners team — schools, employers, funds. One of them is your warm intro.

Tianen Liangunlockedknows Anshu Pandey · together at PwC (overlapped)

×2knows the team · via Goldman Sachs

×2knows the team · via PwC

knows the team · via Bessemer Venture Partners

×6knows the team · via Norwegian School of Economics (NHH)

✨ Fox Verdict

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

Acquisitions

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 21 of 39 portfolio companies

AI & Machine Learning ×13Enterprise Software ×8SaaS ×6Data & Infrastructure ×4Fintech ×4HR Tech ×4EdTech ×3Mobility & Transportation ×3

HQs:India×10United States×4Bangladesh×1

Who they back

founder profiles across 16 portfolio companies

69%

solo founders

11 of 16 mapped founding teams

56%

repeat founders

of 18 founders with career history

Founding team size:solo founder×112 founders×23 founders×3

Where their founders studiedfrom 14 founders with education data

Birla Institute of Technology and Science, Pilani ×3Carnegie Mellon University ×2Delhi College of Engineering ×2Indian Institute of Technology (Banaras Hindu University), Varanasi ×2

What their founders studiedfrom 16 founders with field-of-study data

Computer Science ×9Engineering ×8Economics ×2

Where their founders worked beforefrom 18 founders with career history

Hyperloop India ×2

Investments · 39 tracked

founders shown can be your intro path

By year:2025 · 2 2024 · 3 2023 · 1 2022 · 17 dated

Aasaanjobsaasaanjobs.com in 𝕏acquired by OLX

A staffing and recruitment services company that connects candidates with employers across multiple industries including IT, healthcare, finance, and manufacturing.

Future of WorkHR TechMarketplacesBengaluru, IN

Co-investorsIDG Ventures India Inventus Capital Partners

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(Founder & CEO)in

BoardChinnugounder Senthilkumar(Director)Arpit Agarwal(Director)in Rohit Sharma(Director)inNihar Ranjan(Director)

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

BluArmorthebluarmor.com

Blue Armor manufactures the C60+, an advanced motorcycle intercom system with mesh networking, crash detection, and multi-device connectivity for group riders.

ConsumerHardwareIoTMobility & TransportationBengaluru, IN

Chhayachhaya.xyzMay 2025 · $6.5M

Chhaya is a digital InsurTech platform offering health insurance to Bangladeshi families, covering medical emergencies and accidents with fully online signup and claims.

Digital HealthFintechInsurTech

Co-investorsDekko ISHO Venture Capital Arkam Ventures JSW Ventures Kalaari Capital SunICON Ventures

ClickPostclickpost.ai in 𝕏Apr 2024 · $6M

ClickPost provides a unified logistics intelligence platform that integrates shipping, tracking, and returns management for e-commerce businesses.

AI & Machine LearningE-commerceLogistics & Supply Chain

Prashant Gupta(Founder)in

Co-investorsInflexor Ventures Rebright Partners Riverwalk Holdings

CynLrcynlr.com inNov 2024 · $10M

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 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 provides autonomous AI agents that perform continuous penetration testing and red teaming of web applications, APIs, and infrastructure by discovering attack surfaces, exploiting vulnerabilities with proof-of-concept validation, and chaining findings into realistic attack paths.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Bikash Barai(Founder & CEO)in Arnab Chattopadhayay(Co-founder & VP of Emerging Research)in Priyanka Aash(Co-founder & VP of Marketing)in

Co-investorsCervin

FundsIndiafundsindia.com in 𝕏acquired by WestBridge

Wealth India Financial Services provides investment and wealth management services including mutual fund distribution, stock broking, depository services, and insurance distribution in India.

FintechInsurTechMarketplacesBengaluru, IN

Akshay Sapru in

Co-investorsFoundation Capital

funtootfuntoot.com in 𝕏acquired by Embibe

Funtoot is an educational platform serving 75,000+ students across 120+ schools, focusing on mathematics and science with demonstrated learning improvements.

AI & Machine LearningEdTechMumbai, IN

Rajeev Pathak(Founder & CEO)in

BoardGirish Paranjpe(Chairman)

Co-investorsMumbai Angels

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

Hyperbotshyperbots.com inAug 2024 · $2M

Hyperbots offers an agentic AI platform designed for finance and accounting teams that processes unstructured financial documents and structured ERP data to automate invoice processing, approvals, and general ledger coding with up to 99.8% accuracy.

AI & Machine LearningEnterprise SoftwareFintechSaaSDover, US

Rajeev Pathak(Founder)in Ram Jayaraman(Founder)in

Co-investorsArkam Ventures Kalaari Capital JSW Ventures SunICON Ventures

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)in

Co-investorsMela Ventures INVENTUS CAPITAL

Lemnisklemnisk.co in 𝕏acquired by Affle

Lemnisk is a composable customer data platform that helps enterprises unify customer information, generate predictive insights, and orchestrate personalized experiences across multiple channels using AI and LLM capabilities.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing Tech

Subra(Founder & CEO)Rinku(Co-founder)Praveen(Co-founder)

Co-investorsMerak Ventures Artha Venture Fund growX 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

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)in Kshitij Khandelwal(Founder)in

Co-investorsAditya Birla Ventures Inventus Capital Partners Merak Ventures Radical Ventures Seraphim Space Techstars +8 more

Playshifuplayshifu.com in

PlayShifu makes technology-powered educational toys that combine augmented reality with physical play ("phygital" smart toys) to make screen time and learning more engaging for young children in the Gen Alpha age group.

ConsumerDirect to ConsumerEdTechHardwareSheridan, US

Vivek Goyal(Founder)in

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

Power2SMEpower2sme.com in

Buying club for manufacturing SMEs.

Co-investorsAccel IFC International Finance Corporation Inventus Capital Partners Kalaari Capital

redBusredbus.in

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

Phani Sama(Founder)in

Co-investorsHelion Venture Partners INVENTUS CAPITAL Inventus Capital Partners

Robylon AIrobylon.ai in 𝕏

Robylon provides AI agents that automate customer support across voice, chat, and messaging channels, connecting to a company's existing helpdesk, CRM, telephony, e-commerce, and collaboration tools.

AI & Machine LearningEnterprise SoftwareSaaSSales Tech

Mayank Shekhar(Founder)in

Co-investorsBetter Capital Kane & Rao Group

Sokratisokrati.com in 𝕏acquired by Dentsu

Sokrati provides implementation and consulting services for Google Ads Data Hub, a privacy-first data warehousing platform that enables advertisers to analyze campaign performance and audience insights while protecting user privacy.

AdTechAI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing Tech

Anubhav Sonthalia(Founder)in Ashish Mehta(Founder)in

Co-investorsINVENTUS CAPITAL Inventus Capital Partners IvyCap Ventures

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

Unbxdunbxd.com

Pavan Sondur(Founder)in

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

VuNetvunetsystems.com in 𝕏Nov 2022 · $5M

VuNet provides an AI-driven business observability platform that consolidates telemetry across infrastructure, applications, transactions, and third-party systems into a single business-aligned view, translating technical signals into insights on customer experience, revenue impact, and service performance.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS

Co-investorsPravega Ventures Dallas Venture Capital Mela Ventures

worxogoworxogo.com

worxogo provides an AI-powered coaching platform that applies behavioral science and neuroscience research to improve productivity for sales, customer service, and back-office teams.

AI & Machine LearningEnterprise SoftwareHR TechSaaSSales Tech

Baba Shiv(Co-founder)

Co-investorsIdeaspring Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AlippoBeaconcbazaarClootrackEulerHiFyInsta HealthLBBPicseePolicyBazaarSavaariTerraTruebil

Exits · 8

8 acquisitions

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

India takes 37 deep-tech startups to Brics investors at innovation expo | Start Ups - Business Standard

Tricog · business-standard.com · Sep 11, 2026

Mutual fund industry has successfully established relevance as an ideal investment product: Rhishabh Garg, FundsIndia

FundsIndia · medianews4u.com · Aug 17, 2026

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

Robotics startup CynLr eyes $75 million raise, targets break-even before 2030 IPO | Exclusive - CNBC TV18

CynLr · cnbctv18.com · Feb 17, 2026

Lemnisk Completes Secondary Transaction Led by Bajaj Finserv

Lemnisk · lemnisk.co · Nov 4, 2025

worxogo raises ₹16.5 Cr Series A from Inventus India & Ideaspring - worxogo

worxogo · worxogo.com · Oct 12, 2025

Autonomous Industrial Vehicle Manufacturer Ati Motors Raises $3.5 Mn In Pre-Series A Round

Ati Motors · india.entrepreneur.com · Oct 4, 2025

Frequently asked questions

How many investments has Athera Venture Partners made?: Athera Venture Partners has 39 tracked investments, 8 of which have exited, including 3 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 42 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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