Fundraising Fox

Evolvence India Fund

Fund of funds

Mumbai · Seed–Late Stage · 20 people tracked

Also known as EIF MANAGERS II LIMITED · EIF MANAGERS III LIMITED · EIF MANAGERS IV LIMITED · EIF MANAGERS LIMITED

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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.

Stage
Seed–Late Stage
HQ
Mumbai, IN
Instruments
Equity
Founded
2009
AUM
$700M
Tracked investments
51

Team · 20 people

from the firm's website

What they invest in

from 21 of 51 portfolio companies

Consumer ×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 path
AgroStaragrostar.inin𝕏

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)Sitanshu Sheth(COO & Co-Founder)

Co-investorsAavishkaar Venture Management Services Private LimitedAccelAlteria CapitalChiratae VenturesStride Ventures

AgTech Company Focused on Agri Inputs
AI-powered automated testing
ANSRansr.comin𝕏

ANSR provides managed teams and talent-as-a-service solutions to help organizations source and deploy skilled personnel for their business needs.

Enterprise SoftwareFuture of WorkHR TechSaaS

Lalit Ahuja(Founder)indarin narayana(Founder)in

Co-investorsAccel

B2B online seafood platform
Capacitecapacite.inin

Capacit'e Infraprojects is an Engineering, Procurement and Construction (EPC) company that provides building construction, project design, MEP works, and management services for real estate developers and government bodies across India.

Construction TechPropTechMumbai, IN

Capillary Technologiescapillarytech.com

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 Freshcaptainfresh.in

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

Credit-led financial services platform
D2C healthcare diagnostic
Digital first cosmetic brand
Drmohansdrmohans.comin𝕏

Dr.

Digital HealthHealthtechChennai, IN

Dunzodunzo.com

Co-investorsLightbox

GenWorks Healthgenworkshealth.com

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

Global high precision engineering solutions
Headoutheadout.comin𝕏

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

Healthianshealthians.com

Co-investorsDG Daiwa VenturesTrifecta Capital Advisors

HomeLanehomelane.comin

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

Hyperlocal Delivery Service Company
India's
India's Largest Chain of Diabetes Specialities Centre
India's Largest, Unlisted Used Vehicle Financier
India's Leading Digital First Personal Care Brand
India's leading Home Interior Solutions Platform
India's premier processed food manufacturer
Indian Multinational Real Estate Company
Infrainfra.market

Co-investorsFoundamentalMars Growth Capital

Integrated Manufacturer of Silk Fabrics
Integrated Turn-Key Construction Services
International Information Technology Company
Loyalty Management Platform
Mamaearthmamaearth.in

Mamaearth sells personal care and beauty products including face washes, shampoos, serums, scrubs, and cosmetics, many formulated with natural ingredients.

ConsumerDirect to ConsumerE-commerce

Managed marketplace of real-life experiences
Money View, Homepagemoneyview.inin𝕏

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

MSME-focused lending solutions
Parsons Nutritionalsparsonsnutritionals.in

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)

Rebelfoodsrebelfoods.com

Co-investorsRTP GlobalTrifecta Capital Advisors

Registered NBFC Focused on MSME Financing
Reneecosmeticsreneecosmetics.in

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

Renewbuyrenewbuy.com
Saarathi Financesaarathifinance.comin𝕏

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)

SaaS Based Video Editing Platform
Sibros Technologiessibros.tech

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 LTDskfin.in

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

Suryodaybanksuryodaybank.com

Co-investorsGoodwell Investments

Testsigmatestsigma.com

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 Cygnusujalacygnus.comin

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 Aerospaceunimechaerospace.comin𝕏

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 Ltdveritasfin.inin

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

VideoVersevverse.aiin𝕏

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

World's Largest Internet Restaurant Platform

Portfolio news

latest coverage across their companies

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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