Fundraising Fox

Avaana Capital

Venture capital

Mumbai · Seed–Late Stage · 22 people tracked

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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.

Stage
Seed–Late Stage
HQ
Mumbai, IN
Leads rounds
Follows
Instruments
Equity · Debt
Founded
2018
AUM
$150M
Tracked investments
28

Team · 22 people

from the firm's website & public directories

What they invest in

from 13 of 28 portfolio companies

Cleantech ×5AgTech ×4Climate Tech ×4Circular Economy ×3FoodTech ×3Advanced Manufacturing ×2Biotech ×2Energy ×2

HQs:India×9United States×1

Investments · 28 tracked

founders shown can be your intro path
Aeremaerem.coin

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)

Alphavectoroutdoors91.comin𝕏

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

Amperehourenergyamperehourenergy.comin

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

Amperhour

Battery Energy Storage Solutions for grid and off grid

Bacaltbacalt.bio

BacAlt uses fermentation to convert agricultural waste into fully natural bacterial biopolymers that replace synthetic ingredients.

BiotechCircular EconomyNew Materials

Shruti KutmutiaDr Pranav Nair

Carboledgercarboledger.comin

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

Climatetechsentra.worldin

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

Dfi Indiadfi-india.comin

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

Dharakshadharaksha.com
Dreamfly

High performance batteries for advanced systems

Eekieeki.comin
Eggozeggoz.com
Enlite

Cloud-native and AI enabled building automation platform

Enliteresearchenliteresearch.com
Equilibriumequilibriumearth.comin

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

Farmartfarmart.coin
Green Grahi

Insect biotech for future-ready animal feed and plant inputs

Greengrahigreengrahi.comin𝕏

Green Grahi uses insects to produce natural fertilizer for agricultural farmers and protein supplements for aquaculture feed.

AgTechCircular EconomyClimate Tech

High Time Foodshightimefoods.comin

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

Intellolabsintellolabs.com
Kazam
Kazam Energykazam.energyin𝕏

Bengaluru, IN

Mekrmekr.inin
Phyx44phyx44.comin

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 TechFoodTech

Sentra World

AI led intelligence solutions for heavy industry

Tsuyo.Cotsuyo.co.inin

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

Turnoturno.club
Wastelinkwastelink.coin

WasteLink operates a food waste management platform that upcycles food surplus from food producers and retailers into bakery-based animal feed ingredients.

AgTechCircular EconomyClimate TechFoodTech

Portfolio news

latest coverage across their companies

Frequently asked questions

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 team

Anjali 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

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

The Climate Clock | In Conversation With Anjali Bansal Of Avaana Capital | Digital | CNBC-TV18

CNBC-TV18 · Anjali Bansal

Images

Avaana Capital photoAvaana Capital photoAvaana Capital photo

Co-investors · 11

Better Capital

Better Capital is an early-stage investor in India that backs mission-driven founders solving hard problems, providing first cheques along with hands-on mentorship and network support.

Both backed · 2
EekiMekr
$5K – $100K
UTEC

UTEC is a venture capital firm that invests in seed and early-stage technology companies and is affiliated with the University of Tokyo.

Both backed · 1
$3.1M – $78M
General Catalyst

General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.

$30M
Union Square Ventures (USV)

Union Square Ventures is a venture capital firm based in New York City that invests in companies at the edge of large markets being transformed by technological and societal pressures.

$1M – $20M
foobar.vc

Foobar is a technology and climate investment firm founded by David Helgason, the former CEO of Unity. The firm invests across all stages of technology startups with a particular focus on climate change mitigation and sustainable solutions.

MassMutual Ventures

MassMutual Ventures is a global venture capital firm partnering with technology companies across enterprise SaaS, fintech, cybersecurity, healthtech, and climate technology.

$500K – $5M
BioGeneration Ventures

BioGeneration Ventures is a venture capital firm that invests in early-stage biotech companies in Europe, with a focus on healthcare innovations.

3one4 Capital

3one4 Capital is an early-stage venture capital firm focused on India, partnering with mission-oriented founders across select market categories.

$364K – $30M
V3 Ventures

V3 Ventures is an early-stage investment firm backing consumer brands and consumer technology companies, founded by entrepreneurs and backed by Verlinvest. It invests in fast-growing, purpose-driven consumer businesses across the US, Europe and India.

$1M – $5M
100X

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.

$15K – $600K

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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