Avaana Capital
- Company typePrivate
- Founded2018
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
Avaana Capital firmographics
Firmographics- Name
- Avaana Capital
- Legal name
- Avaana Capital
- Website
- https://avaanacapital.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Avaana Capital industry classification
Industry- Product category
- Venture Capital / Climate and Sustainability Investment
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- SDG / Thematic Sustainable Investment Funds (FSANAJAN)
Keywords
Where Avaana Capital is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Avaana Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management and Carry: Avaana Capital generates returns through management fees and carried interest (carry) on successful exits from its portfolio companies within its managed funds, including the $135 million Avaana Climate and Sustainability Fund.
- Direct Investment Returns: Returns on equity investments made from the firm's managed capital into early-stage deep-tech startups, realized through IPOs, acquisitions, or secondary transactions.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Avaana Capital product offering
Product offeringCore offering
Avaana Capital is a venture capital firm that invests equity capital from its managed funds into early-stage deep-tech startups operating across energy, mobility and supply chains, precision manufacturing, agriculture and food systems, nanotechnology, robotics, advanced materials, AI, and biotech. The firm manages a $135 million Climate and Sustainability Fund and supports founders through a 'whole-team model' that combines patient capital, domain expertise, business-building support, and ecosystem connectivity spanning technology, capital, industry, academia, and policy partners. It also runs the Grand Challenge for Deep Tech Innovation ecosystem initiative in partnership with DPIIT and NITI Aayog AIM.
Product overview
Avaana Capital is a Mumbai-based early-stage venture capital firm focused on deep technology and sustainability. The firm operates primarily through its $135 million Avaana Climate and Sustainability Fund and supports portfolio companies via investment advisory, ecosystem programs like the Grand Challenge for Deep Tech Innovation, and strategic connectivity across technology, capital, industry, academia, and policy. The portfolio spans 22+ companies across energy (Aerem, Amperhour, Enlite, Kazam), supply chains (Alpha Vector, Dreamfly, Sentra.World, Tsuyo, Turno), advanced materials (BacAlt, Dharaksha, GreenGrahi, Phyx44), and agriculture/food systems (Eggoz, Eeki, Equilibrium, Farmart, High Time Foods, IntelloLabs, Mekr, Wastelink).
Differentiator
Problem solved
Functional benefit
Products and services
- Avaana Climate and Sustainability Fund A $135 million climate and sustainability fund that invests equity capital in early-stage deep-tech startups across energy, mobility, AI, biotech, manufacturing, and other frontier technology sectors. It is the first Indian venture fund to receive a direct investment from the Green Climate Fund and is available to qualified institutional limited partners through direct fundraising.
- Investment Advisory Services Venture capital investment advisory services providing equity capital, domain expertise, business-building support, and ecosystem connectivity to early-stage deep-tech founders across sectors including energy, supply chains, advanced materials, mobility, and agriculture and food systems. Targets founders of deep-tech startups seeking patient capital and strategic support to scale from research-to-commercialization.
Quantifiable outcome
- 68 patents filed across portfolio companies
- +3 more outcomes
Companies that use Avaana Capital
Customer profileSegments1 record
Ideal customer profiles2 records
Avaana Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Avaana Capital partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- GEAPP (Global Energy Alliance for People and Planet) — ENTICE2.0minorAvaana Capital joined GEAPP's ENTICE2.0 initiative to accelerate energy startups in India, providing ecosystem support and connectivity to help energy-focused portfolio and prospective companies scale.
- DPIIT (Department for Promotion of Industry and Internal Trade)coreAvaana Capital signed an MoU with DPIIT under the Startup India programme to strengthen India's manufacturing startup ecosystem. DPIIT is also Avaana's co-partner for the Grand Challenge for Frontier Tech Innovation, a flagship initiative to identify and support early-stage deep-tech startups. The challenge has received over 1,000 applications and awarded over ₹2.5 crore in grants.
- NITI Aayog AIM (Atal Innovation Mission)coreNITI Aayog's Atal Innovation Mission co-runs the Grand Challenge for Frontier Tech Innovation with Avaana Capital, aiming to foster early-stage research and deep-tech innovation in India across priority sectors.
- Technology Incubators and Accelerators NetworkcoreAvaana works with 20+ technology partners including leading incubators, accelerators, research labs, and technical institutes in India and globally to identify breakthrough frontier innovations at their earliest stages and build investment conviction.
- Industry Linkage PartnerscoreAvaana's ecosystem includes 20+ industry linkage partners who help portfolio companies progress from early traction to market leadership by unlocking technical knowledge, trusted relationships, and go-to-market opportunities.
- Policy and Academia PartnerscoreAvaana engages with policymakers, think tanks, and academia to drive thought leadership on deep-tech opportunities and champion initiatives that enable startups to create long-term value and global competitiveness.
Scale indicators9 records
Recent moves5 records
Expansion highlights6 records
Avaana Capital competitors and assessment
Company assessmentDirect peers
- Kalaari Capital: India-focused early-stage VC investing across technology including climate and deep-tech. Co-investor with Avaana in Equilibrium, indicating direct competitive overlap in deal sourcing and stage.
- Omnivore: India-based early-stage VC focused on agritech and climate. Directly comparable to Avaana in thesis (deep-tech + sustainability), geography (India), and stage (seed/Series A), with overlapping portfolio companies like Eggoz and Farmart.
- Ankur Capital: Early-stage India VC investing in deep-tech and science-led startups across agriculture, health, and climate. Comparable in stage, sector focus, and check size; both firms target founders building IP-driven businesses in India.
- pi Ventures: India-based early-stage fund focused on AI, deep-tech, and frontier-tech startups. Directly comparable thesis (deep-tech investing in India), similar check sizes, and overlapping investor profiles.
- Blume Ventures: One of India's most active early-stage VCs with deep-tech and climate exposure. Comparable in stage and geography, though larger fund size and broader mandate make it a scaled direct peer.
- Eversource Capital: India-focused climate and sustainability investor backing growth-stage clean energy, mobility, and resource efficiency businesses. Comparable climate thesis, India geography, and LP base (development finance institutions).
- Acumen: Global impact investor with India operations focused on climate, energy access, and inclusive businesses. Comparable impact/climate thesis though typically larger check sizes and earlier development-finance orientation.
Broad incumbents
- Peak XV Partners (formerly Sequoia India): India's largest venture franchise with deep exposure across deep-tech, climate, and frontier tech. Co-investor with Avaana in Equilibrium; serves as a broader incumbent that competes on the same founders with substantially more capital.
Emerging players
- Stargazer Ventures: Emerging climate-tech VC investing globally with partial India exposure. Comparable climate thesis; less mature than Avaana but represents a similar emerging climate-focused fund archetype.
- Good Capital: India-rooted early-stage VC backing climate-tech and social-impact startups. Closely comparable in stage and impact orientation, with overlapping thesis on deep-tech for India.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Avaana Capital social profiles
Digital presenceAvaana Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Avaana Capital leadership team
Management profileNumber of profiles
Profiles5 records
Avaana Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Avaana Capital M&A and investment
M&A and investmentM&A
Investments51 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Avaana Capital
What does Avaana Capital do?
Avaana Capital is a venture capital firm that invests equity capital from its managed funds into early-stage deep-tech startups operating across energy, mobility and supply chains, precision manufacturing, agriculture and food systems, nanotechnology, robotics, advanced materials, AI, and biotech. The firm manages a $135 million Climate and Sustainability Fund and supports founders through a 'whole-team model' that combines patient capital, domain expertise, business-building support, and ecosystem connectivity spanning technology, capital, industry, academia, and policy partners. It also runs the Grand Challenge for Deep Tech Innovation ecosystem initiative in partnership with DPIIT and NITI Aayog AIM.
Is Avaana Capital a public or private company?
Avaana Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Avaana Capital founded?
Avaana Capital was founded in 2018. It employs 11 to 50 people.
Where is Avaana Capital based?
Avaana Capital is headquartered in Mumbai, India, in the Asia region.
How does Avaana Capital make money?
Two revenue lines are on record. Fund Management and Carry is the primary driver. The others are direct Investment Returns.
Who are Avaana Capital's main competitors?
Direct peers on record are Kalaari Capital, Omnivore, Ankur Capital, pi Ventures, Blume Ventures, Eversource Capital and Acumen. Peak XV Partners (formerly Sequoia India) is listed as a broad incumbent. Emerging players are Stargazer Ventures and Good Capital.
Does Avaana Capital have an API?
No public API is recorded for Avaana Capital.
What industry is Avaana Capital in?
Avaana Capital's product category is Venture Capital / Climate and Sustainability Investment. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAJAN, SDG / Thematic Sustainable Investment Funds. Its NAICS code is 52394 and its SIC code is 6282.