Evolvence India Fund
Fund of fundsMumbai · Seed–Late Stage · 20 people tracked
Also known as EIF MANAGERS II LIMITED · EIF MANAGERS III LIMITED · EIF MANAGERS IV LIMITED · EIF MANAGERS LIMITED
Investment thesis
Evolvence provides a diversified private markets investing platform focused on India, spanning both venture capital and private equity. It builds diversified portfolios by committing capital to top-performing Indian PE and VC funds while also pursuing direct and co-investment opportunities. The firm emphasizes deep sector focus in Consumer, Healthcare, Financial Services and Technology, and leverages one of the widest networks in the Middle East to add value through market-expansion opportunities across its portfolio companies. Backed by a cycle-tested team with extensive private market experience, it maintains long-standing relationships with leading Indian fund managers to access high-quality investment opportunities.
Source: firm website, verified Aug 18, 2026.
Team · 20 people
from the firm's websiteWhat they invest in
from 21 of 51 portfolio companiesConsumer ×6Fintech ×4Enterprise Software ×3Healthtech ×3SaaS ×3Advanced Manufacturing ×2AI & Machine Learning ×2B2B Marketplaces ×2
HQs:India×12United States×1
Investments · 51 tracked
founders shown can be your intro pathAgroStar builds technology solutions for Indian farmers, combining agricultural inputs, crop care products, and farm implements with digital platforms and farmer-focused applications.
AgTechB2B MarketplacesData & InfrastructureIndia, IN
Shardul Sheth(CEO & Co-Founder)Sitanshu Sheth(COO & Co-Founder)
Co-investorsAavishkaar Venture Management Services Private LimitedAccelAlteria CapitalChiratae VenturesStride Ventures
Capillary Technologies provides a managed SaaS loyalty management and customer engagement platform for enterprise brands, offering program design, omnichannel communication, analytics, a consumer data platform, and a rewards network.
Marketing TechRetail TechSaaS
Co-investorsQualcomm VenturesAvataar Venture Partners
Captain Fresh operates a supply chain platform for the fragmented seafood and perishables industry, connecting supply markets with demand markets across distributors, offices, and factories.
B2B MarketplacesFoodTechLogistics & Supply Chain
Co-investorsAccelADB VenturesAnkur CapitalIncubate FundStride VenturesTrifecta Capital Advisors+6 more
Co-investorsLightbox
GenWorks Health distributes and supports medical technology across care areas including cardiology, women's health, critical care, newborn care, radiology, and in-vitro diagnostics, offering devices, pharma, consumables, and tele-health connected care solutions.
FemTechHealthtechMedical Devices
Headout operates a global marketplace that connects travelers with local experiences, activities, and attractions across multiple countries.
ConsumerMarketplacesTravel & HospitalityNew York, US
Varun Khona(CEO)Suren Sultania(COO)Rachit Watts(CTO)Vikram Jit Singh(Executive Officer, Director)
Co-investorsFundersClubLudlow VenturesVersion One VenturesFJ LabsHaystackNexus Venture Partners
Co-investorsDG Daiwa VenturesTrifecta Capital Advisors
HomeLane provides end-to-end home interior design and modular furniture services, offering personalised 3D designs, materials selection, factory production, and installation for residential customers.
ConsumerMarketplacesPropTech
Co-investorsAarin CapitalNuVentures
Co-investorsFoundamentalMars Growth Capital
Mamaearth sells personal care and beauty products including face washes, shampoos, serums, scrubs, and cosmetics, many formulated with natural ingredients.
ConsumerDirect to ConsumerE-commerce
Moneyview is a personal finance and lending platform offering loans, savings, insurance, expense tracking, and payment services to consumers in India.
ConsumerFintechIndia, IN
Puneet Agarwal(Co-founder)Sanjay Aggarwal(Co-founder)
Co-investorsDMI AIF Sparkle FundTranspose Platform ManagementSouth Park Commons
Parsons Nutritionals is an Indian contract manufacturer providing product development, manufacturing, and packing services to multinational FMCG, food, healthcare, and personal care companies.
Advanced ManufacturingConsumerFoodTech
SS Mann(Founder)
Co-investorsRTP GlobalTrifecta Capital Advisors
RENEE Cosmetics is a beauty brand offering cruelty-free, vegan makeup products, including a gentle makeup range designed for young, pre-teen skin.
ConsumerDirect to ConsumerE-commerce
Saarathi provides loans and financial guidance to MSMEs and small business entrepreneurs in India, combining lending with advisory support and financial literacy education.
Fintech
Vivek Bansal(Founder and CEO)
Sibros provides a software-defined platform for connected vehicle management, offering tools for over-the-air updates, logging, monitoring, and remote command capabilities for automotive fleets.
Enterprise SoftwareIoTMobility & Transportation
Hemant Sikaria(Founder)in
Co-investorsGlobal BrainIron PillarMoneta VenturesTwin VenturesEnergy Impact PartnersQualcomm Ventures
SK Finance Limited (formerly Ess Kay Fincorp Ltd) is an Indian financier that provides lending and financial services, operating since 1994.
Fintech
Co-investorsNorwest Venture Partners
Co-investorsGoodwell Investments
Testsigma is a quality intelligence platform that uses AI agents to detect testing gaps at each code commit and generate self-healing automated tests across web, mobile, API, and Salesforce.
AI & Machine LearningDeveloper ToolsSaaS
Co-investorsCrane Venture PartnersSTRIVEAccelBoldcapMassMutual Ventures
Ujala Cygnus operates a chain of 25 NABH-certified hospitals across 19 Tier 2 and Tier 3 cities in North India, with over 2,800 beds and more than 300 doctors.
Digital HealthHealthtech
Co-investorsGeneral AtlanticEight Roads Ventures
Unimech Aerospace provides high-precision manufacturing and assembly services for complex and critical components, offering build-to-print and build-to-specification machining, fabrication, assembly, testing, and custom-engineered solutions.
Advanced ManufacturingHardware
Veritas Finance is an Indian financial services company; this page lists its state-wise GST registration numbers across multiple Indian states.
FintechChennai, IN
Co-investorsNorwest Venture PartnersBritish International InvestmentLok Capital
VideoVerse is an AI-powered video technology platform that creates automated highlights and transforms live and archival sports video content.
AI & Machine LearningCreator EconomyEnterprise SoftwareMedia & EntertainmentSports Tech
Co-investorsAlpha Wave GlobalCathexis VenturesHyderabad AngelsMoneta VenturesSavano Capital PartnersVenturEast
Portfolio news
latest coverage across their companiesCaptain Fresh · siliconindia.com · Apr 23, 2026
ANSR · siliconindia.com · Mar 28, 2026
Frequently asked questions
- How many investments has Evolvence India Fund made?
- Evolvence India Fund has 51 tracked investments.
- What stage does Evolvence India Fund invest at?
- Evolvence India Fund invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Evolvence India Fund focus on?
- Evolvence India Fund focuses on Consumer, Enterprise Software, Fintech, Healthtech, Sector Agnostic.
- Where is Evolvence India Fund located?
- Evolvence India Fund is headquartered in Mumbai, IN.
- Who does Evolvence India Fund co-invest with?
- Evolvence India Fund most often shares deals with Accel, Trifecta Capital Advisors, Moneta Ventures, among 35 tracked co-investors.
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