Avaana Capital
Venture capitalMumbai · Seed–Late Stage · 22 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 · 22 people
from the firm's website & public directoriesWhat they invest in
from 13 of 28 portfolio companiesCleantech ×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 pathOutdoors91 manufactures and sells bicycles and fitness equipment in India, delivering 99% pre-assembled products directly to customers across 600+ cities.
Advanced ManufacturingConsumerE-commerceIndia, IN
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
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
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
High performance batteries for advanced systems
Cloud-native and AI enabled building automation platform
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
Insect biotech for future-ready animal feed and plant inputs
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
Bengaluru, IN
AI led intelligence solutions for heavy industry
Portfolio news
latest coverage across their companiesHigh Time Foods · economictimes.indiatimes.com · May 8, 2025
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 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
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
Co-investors · 11
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.
UTEC is a venture capital firm that invests in seed and early-stage technology companies and is affiliated with the University of Tokyo.
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.
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.
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 is a global venture capital firm partnering with technology companies across enterprise SaaS, fintech, cybersecurity, healthtech, and climate technology.
BioGeneration Ventures is a venture capital firm that invests in early-stage biotech companies in Europe, with a focus on healthcare innovations.
3one4 Capital is an early-stage venture capital firm focused on India, partnering with mission-oriented founders across select market categories.
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.
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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