Evolvence India Fund
Fund of fundsMumbai · Seed–Late Stage · 24 people tracked
Also known as EIF MANAGERS II LIMITED · EIF MANAGERS III LIMITED · EIF MANAGERS IV LIMITED · EIF MANAGERS LIMITED
Find your way into Evolvence India Fund
1,880 people in our graph share verified history with the Evolvence India Fund team — schools, employers, funds. One of them is your warm intro.
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 Sep 1, 2026.
Team · 24 people
from the firm's website & curated & public directoriesWhat they invest in
from 21 of 51 portfolio companiesConsumer ×6Fintech ×4Enterprise Software ×3Healthtech ×3SaaS ×3Advanced Manufacturing ×2AI & Machine Learning ×2B2B Marketplaces ×2
HQs:India×15United States×3
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×72 founders×53 founders×14+ founders×1
Where their founders studiedfrom 17 founders with education data
Indian Institute of Technology, Delhi ×2Sri Venkateswara University ×2University of Madras ×2University of Mumbai ×2
Where their founders worked beforefrom 18 founders with career history
Oracle ×3Zoho Corporation ×3Freshworks ×2
4 hold an MBA (of 20 with degree data)
Investments · 51 tracked
founders shown can be your intro pathBy year:2021 · 12019 · 12 dated
AgroStar 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)inSitanshu Sheth(COO & Co-Founder)in
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 TechSaaSBengaluru, IN
Aneesh Reddy(Founder)in
Co-investorsQualcomm VenturesAvataar Venture PartnersNorwest Venture PartnersSequoia CapitalWarburg Pincus
Captain Fresh is building a vertically integrated, multi-species global seafood platform that combines physical supply-chain infrastructure with consumer seafood brands.
B2B MarketplacesFoodTechLogistics & Supply Chain
Co-investorsAccelADB VenturesAnkur CapitalIncubate FundStride VenturesTrifecta Capital Advisors+5 more
Co-investorsLightbox
GenWorks manufactures medical devices for patient monitoring and care support across ICU, critical care, operating theater, and maternal-newborn care settings.
BiotechFemTechHardwareHealthtechMedical Devices
S Ganesh Prasad(Founder)inGaneshPrasad sengamalam(Founder)in
Headout operates a global marketplace that connects travelers with local experiences, activities, and attractions across multiple countries.
ConsumerMarketplacesTravel & HospitalityNew York, US
Varun Khona(CEO)inSuren Sultania(COO)inVikram Jit Singh(Executive Officer, Director)inRachit Watts(CTO)in
Co-investors500 GlobalFundersClubLudlow VenturesVersion One VenturesFJ LabsHaystack+1 more
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
Srikanth Iyer(Founder)in
Co-investorsAarin CapitalAccelNuVenturesPeak XV PartnersEIFFJ Labs+3 more
Mamaearth sells personal care and beauty products including face washes, shampoos, serums, scrubs, and cosmetics, many formulated with natural ingredients.
ConsumerDirect to ConsumerE-commerce
Ghazal Alagh(Founder)inVarun Alagh(Founder)in
Co-investorsFireside Ventures Advisory LlpPeak XV PartnersSharrp VenturesStellaris Venture Advisors 2 LlpTitan Capital
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)inSanjay Aggarwal(Co-founder)in
Co-investorsAccelDMI 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-investorsSharrp Ventures
Kallol Banerjee(Founder)in
Co-investorsCoatue ManagementPeak XV PartnersRTP GlobalTrifecta Capital Advisors
RENÉE Cosmetics is an Indian makeup brand offering high-quality, cruelty-free, and FDA-approved cosmetics for women.
ConsumerDirect to ConsumerE-commerceWellness & FitnessAhmedabad, IN
Aashka Goradia Goble(Founder)in
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)in
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 & TransportationSan Jose, US
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 ToolsSaaSSan Francisco, US
Pratheep Velicherla(Founder)inVikram Chaitanya P(Founder)inRukmangada Kandyala(Founder)inRajesh Reddy(Founder)in
BoardNikhil Kapur(Director)
Co-investorsAccelCrane Venture PartnersSTRIVEBoldcapMassMutual Ventures
Ujala Cygnus Healthcare Services operates a chain of 25 NABH-accredited multi-super-speciality hospitals serving tier 2 and tier 3 towns of Northern India, with a focus on affordable secondary and tertiary care.
Digital HealthHealthtechImpact & Social Good
BoardAlok Chandra Misra(Non-executive Director)in
Co-investorsGeneral AtlanticEight Roads Ventures
Unimech Aerospace is a precision engineering and manufacturing company specializing in high-tolerance aerospace components, machining, fabrication, and assembly for the aerospace, defense, energy, and semiconductor industries.
Advanced ManufacturingHardwareBengaluru, IN
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 companies
Captain Fresh · siliconindia.com · Apr 23, 2026
ANSR · siliconindia.com · Mar 28, 2026
Saarathi Finance · india.entrepreneur.com · Oct 8, 2025
Frequently asked questions
- How many investments has Evolvence India Fund made?
- Evolvence India Fund has 51 tracked investments, 1 of which have exited via acquisition or IPO.
- 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, Peak XV Partners, Trifecta Capital Advisors, among 42 tracked co-investors.
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