What stage does Pentathlon Ventures invest at?

Pentathlon Ventures invests at the Pre-Seed, Seed, Series A stages.

Where is Pentathlon Ventures located?

Pentathlon Ventures is headquartered in India, IN.

Pentathlon Ventures

Venture capital

India · Pre-Seed–Series A · 17 people tracked

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Investment thesis

Pentathlon Ventures invests in seed-stage, customer-validated, early-stage B2B SaaS companies built from India with global ambitions. It focuses on disruptive digital transformation and cloud-based, subscription-based solutions. Target areas include enterprise AI transformation (automation, optimization, generative AI, no/low-code and AI/ML use cases), healthtech software for healthcare, pharma and life sciences, fintech (core and cross-industry integrations), cybersecurity (securing devices, networks and endpoints), and manufacturing/logistics applications such as predictive maintenance and workflow optimization. The firm positions itself as founder-friendly, backing ambitious leaders throughout their journey.

Invests inAdvanced Manufacturing AI & Machine Learning Cybersecurity Enterprise Software Fintech Healthtech IoT Logistics & Supply Chain SaaSGlobalIndiaIndia

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Series A

India, IN

Instruments

Equity

Founded

2020

Tracked investments

Team · 17 people

from the firm's website

Ashok Mayya· Managing Partner· USin

Tech entrepreneur with leadership experience scaling products; serves as Managing Partner for Pentathlon in the US.

Hemant Joshi· Founding Partner· Pune, Maharashtra, Indiain

Founding Partner focused on customer relations and the global transformation of startups.

Madhukar Bhatia· Managing Partner· Pune, Maharashtra, Indiain

Managing Partner and technologist with expertise in scalable, modular architectures.

Sandeep Chawda· Managing Partner· Pune, Maharashtra, Indiain

Managing Partner passionate about building products and scaling organizations, with a value-investing mindset.

Saurabh Lahoti· Founding Partner· Bengaluru, Karnataka, Indiain

Founding Partner and investment manager focused on early-stage startups.

Gireendra Kasmalkar· Managing Partner· Pune Division, Maharashtra, Indiain

Managing Partner focused on building businesses in novel niches, and an avid learner through books, people, and travel.

Shashank Deshpande· Managing Partner· Indiain 𝕏

Founding Partner specializing in product-market fit and design-driven innovation for startups.

Navjeet Kumar· Principal· Gurugram, Haryana, Indiain

Principal with a dual degree in aerospace engineering from IIT Bombay and AI/robotics experience, focused on supporting innovative entrepreneurs.

Abhinav Mahipal· Senior Associate· Delhi, Indiain

Senior Associate and startup enthusiast focused on backing visionary founders with financial and innovative insight.

Abhishant Pant· Advisor· Mumbai, Maharashtra, Indiain

Founder of The Fintech Meetup, described as India's largest early-stage fintech ecosystem.

Ajit Mayya· Advisor· USin

Tech entrepreneur with expertise scaling businesses; founding partner for Pentathlon in the US.

Martin Umaran· Advisor· Madrid, Community of Madrid, Spainin

Advisor responsible for Globant's M&A process, with experience seeding a company.

Mohan Kumar· Advisor· United Statesin

Manages the growth-stage B2B fund at Avataar Ventures and was previously Managing Partner at NVP.

m•••@avataar.vcreveal

Monish Darda· Advisor· Pune, Maharashtra, Indiain

Technologist advisor focused on scalable innovation and global business growth.

Praneet Parameshwar· Analyst· Pune District, Maharashtra, Indiain

Analyst supporting sourcing, diligence, and founder-first decision making.

Shirish Deodhar· Advisor· Indiain

Serial entrepreneur who has founded and scaled multiple companies.

Vaniya Dangwal Eternal· Marketing and Community· Delhi, Indiain

Leads marketing and community efforts, a former tennis athlete and startup enthusiast connecting founders, investors, and ecosystem partners.

What they invest in

from 2 of 44 portfolio companies

SaaS ×2AI & Machine Learning ×1Consumer ×1Gaming ×1Marketing Tech ×1Retail Tech ×1

HQs:India×1

Investments · 44 tracked

founders shown can be your intro path

Rezolve AiNASDAQ: RZLV

London

Daniel Wagner(CEO of the Issuer)

Admissions marketing automation platform

AI-enabled Location Intelligence Platform for enterprises

AI-powered virtual sales agent platform

Avysh

Ayushpay

B2B contract documentation automation platform

Cleartrust

Customerglucustomerglu.comin 𝕏

CustomerGlu builds customer retention and engagement solutions using gamification and data-driven insights for businesses seeking to strengthen customer relationships.

ConsumerGamingMarketing TechSaaSBengaluru, IN

Deeptek

Dista

Doqfy

Elevatehq

Employee service and support platform

Enterprise stakeholder interaction digitalization platform

Extraaedge

Fable Fintech

Instant EMI platform

Intellithink

Ituring

Knorish

Manch

Mogi I O

Neurofin

Onestack

Personalized live video commerce platform

Plug-and-play omni-channel insurance distribution platform

Quickreply

Riskcovry

SaaS platform for export-import workflows

Saleassist

Secured lending platform for India's BSFI

Sellergeni

Shopse

Spynespyne.aiin 𝕏

Spyne provides an AI-powered platform that helps car dealers source, list, market, and sell vehicles.

AI & Machine LearningRetail TechSaaS

Superpro Ai

Superprocure

Transactional infrastructure with embedded financing

Trezix

Tripeur

TurboHire

AI-powered recruitment automation platform for streamlining hiring.

Video and image enhancement platform

Vodex Ai

WhatsApp business communication platform

Frequently asked questions

What stage does Pentathlon Ventures invest at?: Pentathlon Ventures invests at the Pre-Seed, Seed, Series A stages.
What sectors does Pentathlon Ventures focus on?: Pentathlon Ventures focuses on Advanced Manufacturing, AI & Machine Learning, Cybersecurity, Enterprise Software, Fintech, Healthtech, IoT, Logistics & Supply Chain, SaaS.
Where is Pentathlon Ventures located?: Pentathlon Ventures is headquartered in India, IN.

Media · Podcasts & interviews

featuring the team

Madhukar Bhatia, Managing Partner at Pentathlon Ventures

T-Hub · Madhukar Bhatia

AI Inside the Company: Efficiency, Lean Teams & Real Use Cases

Pentathlon Ventures

The Evolving Startup & Venture Ecosystem | PV x Monish Darda (iCertis)

Pentathlon Ventures

Talk by Harrick Vin on AI Landscape

Pentathlon Ventures

Building India’s First Homegrown Antivirus: The Quick Heal Journey by Katkar Brothers

Pentathlon Ventures

Selling to Large Enterprises: Playbooks from SuperProcure, Neurofin, TreZix & Dista

Pentathlon Ventures

Images

Co-investors · 2

Expert DOJO

Expert Dojo is a global, sector-agnostic growth investor and accelerator that provides capital, mentorship, and community resources to early-stage startups. The firm offers two programs: an investment program with $50K–$100K checks for 3.5–7% equity, and a growth program featuring training, networking, and potential pathway to investment.

$50K – $100K

Bharat Fund

Bharat Fund is an India-focused investment platform building companies of consequence, operating the Bharat Innovation Fund for IP-driven deep-tech solutions and the Bharat Inclusion Seed Fund for digitization-led inclusive solutions.

Firms observed investing alongside Pentathlon Ventures, from public investor directories. Shared companies are the overlap with Pentathlon Ventures's recorded portfolio.

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