Fundraising Fox

Evolvence India Fund

Fund of funds

Mumbai · 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.

René Kuijtenunlockedknows Agrata Gupta · together at EQT Group (overlapped)
×8knows the team · via Goldman Sachs
×2knows the team · via McKinsey & Company
knows the team · via University of Madras
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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 Sep 1, 2026.

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

Team · 24 people

from the firm's website & curated & public directories
Tooram Gopall· Directorin

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×15United States×3

Who they back

founder profiles across 14 portfolio companies
50%
solo founders
7 of 14 mapped founding teams
33%
repeat founders
of 18 founders with career history

Founding 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 path

By year:2021 · 12019 · 12 dated

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)inSitanshu Sheth(COO & Co-Founder)in

Co-investorsAavishkaar Venture Management Services Private LimitedAccelAlteria CapitalChiratae VenturesStride Ventures

AgTech Company Focused on Agri Inputs
AI-powered automated testing
ANSRansr.comin𝕏May 2021 · $15M

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 infrastructure company focused on sustainable and inclusive growth through strong corporate governance principles.

Construction TechPropTechMumbai, IN

Capillary Technologiescapillarytech.comin𝕏

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 Freshcaptainfresh.inin

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

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

Dr.

Digital HealthHealthtechMedical DevicesChennai, IN

Dr. V. Mohan(Chairman)

Dunzodunzo.com

Co-investorsLightbox

GenWorks Healthgenworkshealth.com𝕏

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

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)inSuren Sultania(COO)inVikram Jit Singh(Executive Officer, Director)inRachit Watts(CTO)in

Co-investors500 GlobalFundersClubLudlow VenturesVersion One VenturesFJ LabsHaystack+1 more

Healthianshealthians.com

Co-investorsDG Daiwa VenturesTrifecta Capital Advisors

HomeLanehomelane.comin𝕏

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

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

Souvik Sengupta(Founder)in

Co-investorsAccelFoundamentalMars Growth Capital

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

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

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)inSanjay Aggarwal(Co-founder)in

Co-investorsAccelDMI 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)

Co-investorsSharrp Ventures

Rebelfoodsrebelfoods.com

Kallol Banerjee(Founder)in

Co-investorsCoatue ManagementPeak XV PartnersRTP GlobalTrifecta Capital Advisors

Registered NBFC Focused on MSME Financing
Reneecosmeticsreneecosmetics.in𝕏

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

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)in

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 & TransportationSan Jose, US

Hemant Sikaria(Founder)in

Co-investorsGlobal BrainIron PillarMoneta VenturesTwin VenturesEnergy Impact PartnersQualcomm Ventures

SK Finance LTDskfin.inin

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.comin𝕏Dec 2019

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 Cygnusujalacygnus.comin

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 Aerospaceunimechaerospace.comin𝕏

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 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.aiin𝕏Acquired

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, 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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