How many investments has Blue Ashva Capital made?

Blue Ashva Capital has 16 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.

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 Celesta Capital, IvyCap Ventures, Nabventures, among 11 tracked co-investors.

Blue Ashva Capital

Venture capital

Series A · 22 people tracked

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Find your way into Blue Ashva Capital

1,877 people in our graph share verified history with the Blue Ashva Capital team — schools, employers, funds. One of them is your warm intro.

Jen Wangunlockedknows Deep Kothari · together at PwC (overlapped)

×4knows the team · via PwC

×2knows the team · via Harvard Business School

×3knows the team · via Barclays

knows the team · via Qualcomm Ventures

knows the team · via Wipro

✨ Fox Verdict

Investment thesis

Blue Ashva Capital invests at the intersection of deep technology and planetary impact, seeking companies it calls 'Blue Horses' — bold, disruptive ventures built where breakthrough science meets market reality. It provides capital through both venture capital and structured credit, positioning itself as a long-term partner for founders developing breakthrough technology or navigating growth capital. The firm's guiding principles emphasize innovation (paradigm-shifting technologies), viability (driving technology toward price parity with existing solutions), and scalability (repeatable deployment at scale). Focus areas span energy storage, spacetech, sustainable foods, carbon capture, desalination, cellular agriculture, regenerative agriculture, sustainable materials, healthcare, and fintech.

Invests inAgTech Cleantech Climate Tech Deep Tech Defense Tech Energy Fintech FoodTech Healthtech Impact & Social Good New Materials Space Tech Global India

Source: firm website, verified Aug 3, 2026.

Stage

Series A

Check

$1M – $5M

Leads rounds

Follows

Instruments

Equity · Debt

Founded

2019

Last 12 months

1 investment

Tracked investments

Team · 22 people

from the firm's website & public directories

Satya Bansal· Founder & CEO· Mumbai, Maharashtra, Indiain

Satya Bansal has over three decades of experience in banking and financial services. He served as Chief Executive of Barclays Private Bank in India for more than a decade and previously led Private Banking for the South East Region at ICICI Bank in Singapore, and was part of the founding team of ICICI Direct. He began his career in project and corporate finance, worked in debt and equity capital markets in India, and is an active angel investor who has backed more than 20 startups across industries, including social impact ventures.

s•••@blueashvacapital.comreveal

Col. Sarjeet Yadav· Managing Partner

Venugopal Sathyanarayana· Growth Partner· Bengaluru, Karnataka, Indiain

Venugopal Sathyanarayana is a Partner at Blue Ashva Capital with over 18 years of venture capital experience focused on early and mid-stage technology investments. He previously held positions as a Senior Investment Professional at Qualcomm Ventures and as Venture Partner at Orios Venture Partners, and has entrepreneurial experience including a successful exit from his first startup venture. His background spans deal sourcing, portfolio management, and exit strategy across technology and venture capital sectors.

Nirali Parekh· Assistant Vice President

Priyank Jain· Investment Manager· Mumbai, Maharashtra, Indiain

Priyank Jain is an Investment Manager at Blue Ashva Capital with experience across sourcing, analysis, due diligence, structuring, and portfolio monitoring for private company investments. He has cleared CFA Level 3 and previously led analytical functions at a venture-backed fintech startup.

Rajendra Verma· Principal, Private Credit

Deep Kothari· Vice President· Mumbai, Maharashtra, Indiain

Deep Kothari is a Chartered Accountant with a bachelor's degree in commerce and an LLB, and over nine years of experience in tax and regulatory advisory focused on transaction structuring and financial services. He has managed the investment life cycle from term sheet to share certificate procurement, including legal and financial due diligence, deal documentation, and portfolio monitoring, as well as fund compliance and administration (NAV, IRR, MOIC, TVPI computation). He previously worked at advisory firms including Bansi Mehta, Dhruva Advisors, and PwC, and at venture capital fund Orios Venture Partners handling investment advisory, fund compliance, and operations before joining Blue Ashva.

d•••@blueashvacapital.comreveal

Satyam Goyal· Investment Manager· Mumbai, Maharashtra, Indiain

a•••@blueashvacapital.comreveal

Yash Jain· Investment Manager

y•••@blueashvacapital.comreveal

Ashok Goel

Listed as an advisor to Blue Ashva Capital.

Ekta Yeshvante· Assistant Manager Operations· Navi Mumbai, Maharashtra, Indiain

Gauri Thakur· Assistant Manager Operations· Navi Mumbai, Maharashtra, Indiain

Gauri Thakur is an Assistant Operations Manager at Blue Ashva Capital, specializing in Alternative Investment Fund and Portfolio Management Services operations. She holds a PGDM in Finance from ASBS MBA – Terna Global Business School and a Bachelor's degree in Financial Markets from SIES College. Her responsibilities include investor onboarding, KYC and documentation review, regulatory compliance reporting, transaction processing, and coordination with custodians, brokers, and fund accounting teams.

Hema Bose· Manager, Finance and Compliance

Himanshu Wagh· Investment Analyst· Indiain

Himanshu Wagh is an Investment Analyst in Private Markets and PE at Blue Ashva Capital focused on deep tech. Previously, he worked as a Corporate Strategy Analyst at Aditya Birla Group, where he conducted sector analysis and financial modeling for investments across automotive, TMT, consumer durables, and real estate. He holds a Chartered Accountant certification from the Institute of Chartered Accountants of India and a Bachelor's in Commerce (Honors) from Hansraj College.

Kailash Rohra· Senior Analyst, Corporate Advisory· Mumbai, Maharashtra, Indiain

Krisha Rochlani· Assistant Manager - Finance and Compliance

MithhunnRhaam Chi Aa· Portfolio Manager

R Venkataramanan

Listed as an advisor to Blue Ashva Capital.

T.P. Ostwal

Listed as an advisor to Blue Ashva Capital.

Vimal Kedia

Listed as an advisor to Blue Ashva Capital.

Vishi Raju· Bengaluru, Karnataka, Indiain

Listed as an advisor to Blue Ashva Capital.

Paresh Trivedi· Head of Innovation· Indiain

Paresh Trivedi is a chemical engineer (B.E.) with over 36 years of experience. He spent more than 30 years at Reliance Industries Ltd., where he was part of the core technical team that established its refinery in Jamnagar, Gujarat, and led several technology initiatives. He has also worked in the rubber, fertilizer, and specialty polymer industries at BP Chemicals, GFL Ltd., Deepak Fertilisers & Petrochemicals Corporation Ltd., and Chembond Polymers and Materials Ltd., and is a BEE-qualified energy auditor.

p•••@blueashvacapital.comreveal

Founder mafia

2 people who came through Blue Ashva Capital went on to found or lead other companies.

Satya BansalFounder & CEOFounded Barclays Venugopal SathyanarayanaGrowth PartnerFounded CV Systems

What they invest in

from 15 of 16 portfolio companies

Cleantech ×6B2B Marketplaces ×3Hardware ×3SaaS ×3Advanced Manufacturing ×2AgTech ×2Circular Economy ×2Climate Tech ×2

HQs:India×12Australia×1France×1

Investments · 16 tracked

founders shown can be your intro path

By year:2026 · 1 2024 · 1 2022 · 1 2021 · 25 dated

Quickclean.Coquickclean.co.in in✓ verified

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)

Co-investorsAlkemi Growth Capital

Bambrew Sustainable Packagingbambrew.in in

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 Capital Capital-A

Cleanclean.io in 𝕏

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 LearningCybersecuritySaaS

Co-investorsInner Loop Capital Alkemi Growth Capital Info Edge Ventures

Dhruva Spacedhruvaspace.comApr 2024

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

Co-investorsIvyCap Ventures T-Hub Mumbai Angels Silverneedle Ventures

Entuplemobilityentuplemobility.com

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

ePayLaterepaylater.in in 𝕏Sep 2021 · $10M

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-investorsGMO VenturePartners Pravega Ventures responsAbility Investments

Godi Energygodienergy.com in 𝕏Jul 2021

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 Green Energygreenjoules.in in

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

HealthAssurehealthassure.in in 𝕏

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 Ventures Blume Ventures Leo Capital

IdeaForge Drone Manufacturer Exitedideaforgetech.com in 𝕏

ideaForge develops drones and unmanned aerial vehicle (UAV) systems.

Defense TechHardwareRobotics

Keplerkepler-consulting.com 𝕏Sep 2026 · $8M

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 Partners AMD Ventures Baillie Gifford GLOBALFOUNDRIES Intel Capital

Matchlog Decarbonizing Shipping Container Logisticsmatchlog.delivery in 𝕏

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

Stellapps Technologiesstellapps.com in 𝕏

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(Founder)inRamakrishna Adukuri(Founder)inPraveen Nale Ravishankar Shiroor inVenkatesh SeshasayeeinYawar Usmaniin

Co-investorsBill & Melinda Gates Foundation 500 Global Celesta Capital Celesta Capital Qualcomm Ventures Blume Ventures +2 more

tan90 thermaltan90thermal.com in

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 Ventures Nabventures Capital-A

Thermalthermal.travelMay 2022

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-investorsAlleyCorp Alley Robotics Ventures Axeleo Capital Bayern Kapital Old College Capital Scottish Enterprise

Other

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

Devic Earth

Portfolio news

latest coverage across their companies

Ferroelectric-Memory Startup Kepler Computing Exits Stealth With $468M to Sidestep EUV Bottleneck | AI Weekly

Kepler · aiweekly.co · Sep 10, 2026

Clean Growth Fund adds institutional backing as Fund II reaches €94.5 million

Clean · eu-startups.com · Sep 8, 2026

Dhruva Space: The Hyderabad Startup Building India's Full-Stack Space Infrastructure

Dhruva Space · officechai.com · Aug 22, 2026

Thermal Energy Storage Company Exergy3 Raises $13.5 Million Seed Funding - Mercom Capital Group

Thermal · mercomcapital.com · Apr 22, 2026

Stellapps Technologies - Strategic Investment Fund

Stellapps Technologies · sif.gatesfoundation.org · Feb 3, 2026

Frequently asked questions

How many investments has Blue Ashva Capital made?: Blue Ashva Capital has 16 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, New Materials, 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 Celesta Capital, IvyCap Ventures, Nabventures, among 11 tracked co-investors.

Images

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