Fundraising Fox
Blue Ashva Capital
Venture capitalSeries A · 22 people tracked
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Investment thesis
Blue Ashva Capital backs founders solving hard, deep-technology and impact-oriented problems in India, emphasizing patient capital for building sustainable businesses over the long term. It provides both financial and knowledge capital to companies at the zero-to-one stage across sectors such as energy efficiency, energy storage, spacetech, sustainable materials and foods, cellular and regenerative agriculture, carbon capture, healthcare and fintech. The firm invests through a mix of its own funds and co-investment vehicles, including several SEBI-registered AIFs and a PMS, positioning itself as a multi-strategy asset manager spanning venture capital and private credit.
Source: firm website, verified Sep 27, 2026.
Team · 22 people
from the firm's website & public directories
Founder mafia
2 people who came through Blue Ashva Capital went on to found or lead other companies.
What they invest in
from 16 of 20 portfolio companiesCleantech ×6B2B Marketplaces ×3Hardware ×3SaaS ×3Advanced Manufacturing ×2AgTech ×2Circular Economy ×2Climate Tech ×2
HQs:India×12France×2Australia×1United States×1
Investments · 20 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 12022 · 12021 · 22020 · 16 dated
Quick Clean operates a laundry-as-a-service platform targeting hospitals and hospitality businesses in India.
Advanced ManufacturingB2B MarketplacesCircular EconomyCleantechEnterprise SoftwareHealthtechImpact & Social GoodNew Delhi, IN
Anshul Gupta(CEO)Ankur Gupta(CTO)Abhishek Gupta(CFO)in
Co-investorsAlkemi Growth Capital
Bambrew manufactures sustainable packaging solutions using plastic-free, compostable materials derived from recycled, renewable, and agro-waste sources.
Advanced ManufacturingCircular EconomyCleantechDeep TechNew Materials
Co-investorsUpsparks CapitalCapital-A
HUMAN provides malvertising detection and prevention for publishers and ad platforms, using behavioral analysis and threat intelligence to identify and block malicious ads and landing pages in real-time.
AdTechAI & Machine LearningCybersecuritySaaSBaltimore, US
Geoff Stupay(Executive Officer, Director)Seth Demsey(Director)Alexey Stoletny(Executive Officer)Matt Gillis(Executive Officer, Director)Jay Crystal(Executive Officer, Director)Doug Stupay(Executive Officer)
Co-investorsInner Loop CapitalAlkemi Growth CapitalInfo Edge VenturesTribeca Venture Partners
Dhruva Space provides satellite launch solutions, including a range of space-qualified CubeSat orbital deployers (1–32 kg payloads) and integrated small satellite launch services across multiple launch vehicles such as PSLV, SSLV, Falcon, and Vikram.
Deep TechDefense TechHardwareSpace TechHyderabad, IN
Abhay Egoor(Founder)Chaitanya Dora Surapureddy(Founder)Krishna Teja Penamakuru(Founder)Sanjay Nekkanti(Founder)
Co-investorsIAN GroupIvyCap VenturesSilverneedle VenturesT-Hub3Lines Venture CapitalIAN Fund+1 more
Entuple E-Mobility is an Indian e-mobility company operating a website and app through which it offers products and services related to electric mobility.
Mobility & TransportationBengaluru, IN
Co-investorsCapital-A
ePayLater provides instant business credit to merchants and buyers across India, usable at partner merchants through a mobile app and across physical and digital sales channels.
B2B MarketplacesFintechGurugram, IN
Uday Somayajula(Founder)in
Co-investorsBlackSoilGMO VenturePartnersPravega VenturesresponsAbility Investments
GODI is an India-based company focused on R&D, gigascale manufacturing, and recycling of energy storage technology, developing Li-ion cells, Na-ion cells, solid-state batteries, and supercapacitors.
CleantechEnergyHardware
Greenjoules converts agricultural waste into renewable diesel and bionaphtha through a proprietary thermochemical process, producing drop-in fuel replacements for fossil fuels with significantly lower carbon footprints.
AgTechCleantechEnergyPune, IN
Radhika Viraraghavan(Founder)inViraraghavan Sankaran(Founder)in
HealthAssure is a digital health platform that provides affordable, personalized primary care access through a hyperlocal medical network for individuals, employers, and insurers.
Digital HealthHealthtechInsurTechNot stated, IN
Varun Gera(Founder & CEO)inM.S. Krishnan(Managing Director)
Co-investorsLeo Capital VenturesBlume VenturesLeo Capital
ideaForge develops drones and unmanned aerial vehicle (UAV) systems.
Defense TechHardwareRobotics
Co-investorsIIMA Ventures
Kepler is a consulting firm with offices across three continents that provides solutions to complex client problems.
Enterprise SoftwareSector AgnosticDetroit, FR
Lionel MullerPierre RougierFlorian ChauvininBernard Ouriouin
Co-investorsAndera PartnersAMD VenturesBaillie GiffordGLOBALFOUNDRIESIntel Capital
MatchLog operates a platform that matches empty containers and trailers to eliminate unnecessary trips and reduce fuel costs in land-side logistics.
CleantechClimate TechLogistics & Supply ChainSaaS
Dhruv Taneja(Founder)in
Quick is a fast-food restaurant chain in France offering burgers and other menu items, with a loyalty program, dine-in and online ordering, and franchise opportunities.
ConsumerFoodTech
Co-investorsH.I.G. CapitalKharis CapitalAlkemi Growth Capital
Stellapps builds the SmartMoo™ full-stack IoT platform that digitizes and optimizes milk production, procurement, and cold-chain management using sensors, big data, and machine learning.
AgTechFoodTechIoTSaaSBangalore, IN
Ranjith Mukundan(CEO)inRamakrishna Adukuri(Founder)inPraveen NaleRavishankar ShiroorinVenkatesh SeshasayeeinYawar Usmaniin
Co-investorsBill & Melinda Gates Foundation500 GlobalCelesta CapitalQualcomm VenturesABB Technology VenturesBEENEXT+4 more
Tan90 develops phase change material (PCM) solutions and cold chain logistics systems to reduce carbon footprints in temperature-controlled supply chains.
CleantechClimate TechLogistics & Supply ChainNew MaterialsBangalore, IN
Co-investorsIIMA VenturesImpact India Investment PartnersNabventuresCapital-A
Thermal is a surf travel company that connects surfers with local guides and curated trips to over 20 destinations worldwide, offering access to premium surf experiences and cultural immersion.
B2B MarketplacesConsumerTravel & HospitalityMelbourne, AU
Glen Gaudion(CEO)in
Co-investorsAlleyCorpAlley Robotics VenturesAxeleo CapitalBayern KapitalOld College CapitalScottish Enterprise
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Devic EarthEntuple E-MobilityID Fresh FoodSynthera Biomedical
Frequently asked questions
- How many investments has Blue Ashva Capital made?
- Blue Ashva Capital has 20 tracked investments, including 1 dated in the last 24 months.
- What stage does Blue Ashva Capital invest at?
- Blue Ashva Capital invests at the Series A stage.
- What is Blue Ashva Capital's typical check size?
- Blue Ashva Capital typically writes checks of $1M – $5M.
- What sectors does Blue Ashva Capital focus on?
- Blue Ashva Capital focuses on AgTech, Cleantech, Climate Tech, Deep Tech, Defense Tech, Energy, Fintech, FoodTech, Healthtech, Impact & Social Good, IoT, Logistics & Supply Chain, Mobility & Transportation, New Materials, SaaS, Space Tech.
- Does Blue Ashva Capital lead rounds?
- Blue Ashva Capital typically participates in rounds rather than leading them.
- Who does Blue Ashva Capital co-invest with?
- Blue Ashva Capital most often shares deals with IIMA Ventures, Celesta Capital, IvyCap Ventures, among 17 tracked co-investors.
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