Avaana Capital
Venture capitalMumbai · Seed–Late Stage · 18 people tracked
Investment thesis
Avaana Capital partners with visionary founders leveraging frontier and deep tech innovation to build globally competitive businesses for India and the world. The firm focuses on key economic sectors including energy, mobility and supply chains, precision manufacturing, agriculture and food systems, nanotechnology, robotics, advanced materials, AI, and biotech. Beyond capital, Avaana provides domain insight, business-building expertise, and ecosystem connectivity spanning technology, industry, academia, capital, and policy. It aims to help founders scale disruptive, transformative businesses into market leaders through a connected network of high-impact partners.
Source: firm website, verified Aug 3, 2026.
Team · 18 people
from the firm's website & public directories
What they invest in
from 22 of 31 portfolio companiesAgTech ×8FoodTech ×7Cleantech ×6Climate Tech ×4Advanced Manufacturing ×3B2B Marketplaces ×3Circular Economy ×3Energy ×3
HQs:India×18United States×1
Investments · 31 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 34 dated
Aerem is a "FinTech for CleanTech" group that runs a digital lending platform and B2B marketplace to finance and supply rooftop solar in India, serving businesses, homeowners, and solar EPC companies.
B2B MarketplacesCleantechEnergyFintech
Anand(CEO)in
Co-investorsAlteria CapitalSE VenturesBlume VenturesRiverwalk HoldingsSMBC Asia Rising FundUTEC
Outdoors91 manufactures and sells bicycles and fitness equipment in India, delivering 99% pre-assembled products directly to customers across 600+ cities.
Advanced ManufacturingConsumerE-commerceIndia, IN
Co-investorsAlteria Capital
AmpereHour is a full-stack battery energy storage system (BESS) integrator that designs, delivers, and optimizes utility-scale, transmission, and commercial storage infrastructure, including turnkey EPC delivery, DC-coupled architectures, and containerized storage blocks.
AI & Machine LearningCleantechEnergy
Battery Energy Storage Solutions for grid and off grid
BacAlt uses fermentation to convert agricultural waste into fully natural bacterial biopolymers that replace synthetic ingredients.
BiotechCircular EconomyNew Materials
Shruti KutmutiaDr Pranav Nair
CarboPledger provides digital recordkeeping software for supply chain compliance, specifically for organizations managing certified inputs and tracking claims under ISCC (International Sustainability and Carbon Certification) standards.
Enterprise SoftwareSaaS
Co-investorsArka Venture Labs
Clinikk is a healthcare service and product, launched in 2018, that aims to be a family's first point of contact for illnesses through affordable, accessible care.
Digital HealthHealthtechInsurTechWellness & FitnessBengaluru, IN
Bhavjot Kaur(Co-founder)Dr. Suraj Baliga(Co-founder)Investor Relations Clinikk Not neededSuraj Baliga
Co-investors500 GlobalBeyond Capital VenturesEmphasis VenturesCrane Venture PartnersMassMutual Ventures
Dreamfly Innovations designs and manufactures Graphene and Lithium-ion batteries, battery management systems, and battery heating systems in-house for drones, electric planes, and other aerospace applications, ranging from agricultural to defense uses.
AgTechCleantechHardwareBengaluru, IN
Co-investorsMomentum CapitalSprint Vc
High performance batteries for advanced systems
Eeki designs and operates high-tech, soil-less polyhouse farms using patented hydroponic and aeroponic growing chambers combined with in-house IoT sensors and software to automate irrigation, monitor crops, and grow chemical-free produce.
AgTechFoodTechIoT
Amit Kumar(Founder)in
Co-investorsBetter CapitalGeneral CatalystSixth Sense Ventures
Eggoz produces and distributes eggs in India, working directly with poultry farmers who raise hens on herbal, natural feed to yield orange-yolk eggs.
AgTechDirect to ConsumerFoodTech
Co-investorsRebright PartnersTracxn labsNabventures
Eggoz produces and sells eggs in India, working directly with poultry farmers who raise hens on herbal, natural feed to deliver eggs with bright orange yolks.
AgTechDirect to ConsumerFoodTech
Co-investorsIvyCap VenturesNabventuresSpring Marketing CapitalStride Ventures
Cloud-native and AI enabled building automation platform
Equilibrium Group designs, builds, and funds computational infrastructure for decentralised technologies, operating a portfolio of web3, blockchain, and cryptography companies.
Crypto & Web3Data & InfrastructureDeep Tech
Co-investorsWintermuteKalaari CapitalPeak XV Partners
Equilibrium Earth builds carbon removal infrastructure using multiple pathways such as mangrove afforestation, sustainable paddy farming, and industrial-scale biochar production from agricultural residues and invasive biomass.
AgTechCleantechClimate Tech
Co-investorsKalaari Capital
FarMart operates an AI-enabled food sourcing and procurement platform connecting suppliers, processors, and food manufacturers, with integrated logistics, verified supplier discovery, compliance flows, and automated settlements.
AgTechB2B MarketplacesFoodTech
Alekh Sanghera(Founder)inMehtab Hans
Co-investors500 GlobalOrios Venture PartnersZ47
Green Grahi uses insects to produce natural fertilizer for agricultural farmers and protein supplements for aquaculture feed.
AgTechCircular EconomyClimate Tech
High Time Foods produces traditional Indian snacks (tikki, samosa, momo) formulated with increased protein content, addressing nutritional accessibility for the Indian market.
FoodTechHealthtechWellness & FitnessCambridge, US
Co-investorsSustainable Food VenturesTBD AngelsTechstars
Gurgaon, IN
Nishant Mishra(Founder)
Co-investorsAgFunderTrifecta Capital Advisors
Bengaluru, IN
Co-investorsChakra Growth FundVertex Ventures Sea Management Pte. Ltd.
LoanTap is an Indian fintech company offering personal loans aimed at millennials, with an in-house RBI-registered NBFC.
ConsumerFintech
Satyam Kumar(Founder)inVikas Kumar(Founder)in
Co-investorsIndia QuotientKae Capital3one4 CapitalJuly Ventures
Pune-based digital lender offering personal, MSME and invoice-financing loans in India through its own RBI-registered NBFCs.
Satyam Kumar(Founder)inVikas Kumar(Founder)in
Co-investorsKae Capital3one4 CapitalJuly Ventures
Mekr provides an ecosystem for electronics product manufacturing, covering supply chain needs such as plastics, metal, PCB, and component sourcing in a single place.
Advanced ManufacturingB2B MarketplacesHardware
Anand Yadav(Founder)in
Co-investorsBetter Capital
Phyx44 designs novel proteins engineered for food applications using precision fermentation and protein engineering, serving food manufacturers seeking specific taste, texture, and nutritional functionality.
BiotechDeep TechFoodTechBengaluru, IN
Bharath Bakaraju(Founder)
Co-investorsBetter Bite VenturesBig Idea VenturesIdeaspring Capital
Sentra.world offers an AI-powered SaaS platform for carbon accounting, emissions monitoring, and automated CBAM/CCTS compliance reporting across supply chains, targeting metals and engineering producers such as the steel industry.
CleantechClimate TechSaaS
Co-investorsGolden Sparrow Ventures, LlcIIMA Ventures
TSUYO designs, develops, and manufactures EV powertrain components including electric motors, controllers, drives, converters, gearboxes, axles, and e-axle solutions, with a manufacturing range from 0.5 KW to 250 KW.
Advanced ManufacturingHardwareMobility & Transportation
Turno operates a battery intelligence and lifecycle management platform for commercial electric vehicles in India, leasing commercial EVs and repurposing their used batteries into second-life energy storage.
CleantechEnergyMobility & Transportation
Co-investorsMudita VentureQuona CapitalStellaris Venture Advisors 2 LlpB Capital
Portfolio news
latest coverage across their companiesFarmart · farmartmedia.co.uk · Aug 19, 2026
Turno · siliconindia.com · Aug 12, 2026
Aerem · entrackr.com · Jan 21, 2026
Eggoz · hindustantimes.com · Dec 11, 2025
Equilibrium · india.entrepreneur.com · Sep 22, 2025
Eeki · agrotech.space · Jul 1, 2025
LoanTap · cnbctv18.com · Jun 9, 2025
Loantap · m.economictimes.com · Jun 5, 2025
Frequently asked questions
- How many investments has Avaana Capital made?
- Avaana Capital has 9 tracked investments.
- What stage does Avaana Capital invest at?
- Avaana Capital invests at the Seed, Series A, Series B, Series C, Late Stage stages.
- What sectors does Avaana Capital focus on?
- Avaana Capital focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Consumer, Deep Tech, Energy, Fintech, FoodTech, Impact & Social Good, Logistics & Supply Chain, Mobility & Transportation, New Materials, Retail Tech, Robotics, SaaS.
- Where is Avaana Capital located?
- Avaana Capital is headquartered in Mumbai, IN.
- Does Avaana Capital lead rounds?
- Avaana Capital typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamAnjali Bansal, Avaana Capital | Startup Mahakumbh 2025
Businessworld · Anjali Bansal
Anjali Bansal, Founding Partner, Avaana Capital
Startup Mahakumbh · Anjali Bansal
What to build in Climate? with Anjali Bansal of Avaana Capital & Ashish Goel of ClimatexCapital
Antler in India · Anjali Bansal
LEAKED: This woman is the only Indian to... || Ft. Swapna Gupta, Partner at Avaana Capital w Radhika
Radically Yours by Radhika · Swapna Gupta
Avaana Capital’s Anjali Bansal on building inclusive workplaces and more
Outlook Magazine · Anjali Bansal
Keynote: Anjali Bansal from Avaana Capital
Terrado Climate School · Anjali Bansal
Images
Co-investors · 11
Better Capital is an India-focused early-stage venture investor backing startups across sectors including consumer, mobility, fintech, edtech, ecommerce and gaming.
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MassMutual Ventures is the venture capital arm of Massachusetts Mutual Life Insurance Company, investing in technology companies and supporting their growth with capital, connections, and expertise.
3one4 Capital is an early-stage venture capital firm focused on India, partnering with mission-oriented founders across select market categories.
UTEC is a venture capital firm that invests in seed and early-stage technology companies and is affiliated with the University of Tokyo.
Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.
Foobar is the investment company of Icelandic entrepreneur David Helgason that focuses on supporting startups and investing in technology to accelerate global decarbonization and sustainability efforts.
BioGeneration Ventures is a venture capital firm that invests in early-stage biotech companies in Europe, with a focus on healthcare innovations.
V3 Ventures is an early-stage investment firm backing purpose-driven consumer brands and consumer technology businesses globally, with teams in the US, Europe and India. It was founded by entrepreneurs and is backed by Verlinvest.
100X.VC is an early-stage venture capital firm that invests in startups using founder-friendly India SAFE Notes, combining funding with mentorship and network support to help founders scale.
Firms observed investing alongside Avaana Capital, from public investor directories. Shared companies are the overlap with Avaana Capital's recorded portfolio.
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