Theia Ventures
Theia Ventures is a Bangalore-based early-stage venture capital firm investing in India-focused climate technology startups across energy transition, industrial decarbonization, advanced materials, and AI-enabled systems via its $30 million SEBI-registered Fund I.
- Company typePrivate
- Founded2021
- HeadquartersBangalore, India
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Theia Ventures does
Theia Ventures is an early-stage venture capital firm founded in 2021 and headquartered in Bangalore, India. It invests in disruptive technology companies building foundational infrastructure for India's energy transition and industrial systems transformation, with an India-centric focus and global impact aspirations. The firm's portfolio spans five stated focus areas: foundational models, advanced materials, industrial decarbonization, AI-enabled circular systems, and power & industrial systems. Theia backs founders with deep technical insight and first-hand problem understanding, targeting category creators rather than incremental improvers, and invests predominantly at pre-seed and seed stages with check sizes of $500,000 to $1 million across a planned portfolio of 18-20 companies.
Theia's core product is Theia Ventures Fund I, a Category II-AIF registered with SEBI (registration number IN/AIF2/23-24/1428), which achieved its first close at $30 million in October 2025 with British International Investment as anchor investor. The LP base includes Allocator One Cisco Foundation, Vitality Capital Partners, MOL PLUS, and various domestic and international family offices. The firm employs a standard VC fund economics model — management fees on committed capital plus carried interest on profits above the hurdle — though terms are not publicly disclosed. Supplementary offerings include 'The Unheated Podcast' (interviews with climate tech founders) and 'Perspectives' (sector analysis publications), both serving as thought-leadership and deal-sourcing channels.
Theia is led by Founder and General Partner Priya Shah (MBA Cambridge, BA Brown; 19+ years across Acumen, BII, Yunus Social Business, Simpa Networks, Bloomberg LP), supported by a small core team (1-10 employees) including Head of Investments Himanshu Sharma, Head of Finance Harsh Bihani, analysts, and a venture scouting lead. The advisory bench includes Anand Mahindra (Chairman, Mahindra Group), Richard Damania (Chief Economist, World Bank), Purnima Gandhi (former Director, Temasek), and Asha Joshi (former MD, Payden & Rygel). Notable portfolio investments include Sarla Aviation (eVTOL), Climitra Carbon (carbon markets), VoltSeal (battery intelligence), EarthSync (AI renewable energy planning), Novyte Materials (AI materials discovery), Lemnisca (AI biomanufacturing), DashamLabs, and a past investment in altM (advanced materials).
Theia Ventures firmographics
Firmographics- Name
- Theia Ventures
- Legal name
- Theia Ventures Fund I
- Website
- https://theia-ventures.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Theia Ventures is a Bangalore-based early-stage venture capital firm investing in India-focused climate technology startups across energy transition, industrial decarbonization, advanced materials, and AI-enabled systems via its $30 million SEBI-registered Fund I.
- Ownership category
- akta.pro rank
Theia Ventures industry classification
Industry- Product category
- Venture Capital / Private Equity Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
- akta.pro secondary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Theia Ventures is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Theia Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Fund Management: Standard VC fund revenue model consisting of management fees (typically 2% of committed capital) and carried interest (typically 20% of profits above the hurdle rate). Theia Ventures Fund I is a Category II-AIF registered with SEBI (registration number IN/AIF2/23-24/1428).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Theia Ventures product offering
Product offeringCore offering
Theia Ventures operates an early-stage venture capital fund (Fund I, $30 million first close) that invests $500,000 to $1 million tickets into pre-seed and seed climate tech and deep tech startups in India. The fund targets 18-20 portfolio companies across foundational models, advanced materials, industrial decarbonization, AI-enabled circular systems, and power and industrial systems, generating returns through management fees and carried interest from institutional limited partners.
Product overview
Theia Ventures operates as an early-stage venture capital firm, not a product company. The firm's core offering is its maiden Fund I ($30 million), a Category II-AIF registered with SEBI, focused on investing in climate tech and deep tech startups across India's energy transition. Supplementary offerings include The Unheated Podcast (interviews with climate innovators) and Perspectives (research and analysis publications). The portfolio spans companies in battery storage, aerogel insulation, AI-driven renewable energy planning, AI materials discovery, AI biomanufacturing, biochar for industrial decarbonization, and eVTOL aircraft manufacturing.
Differentiator
Problem solved
Functional benefit
Products and services
- Theia Ventures Fund I Theia Ventures' maiden fund, a Category II-AIF registered early-stage venture capital fund focused on climate and deep tech investments in India, targeting energy transition, decarbonization, and advanced materials sectors. The fund deploys $500,000 to $1 million tickets into 18-20 portfolio companies.
- The Unheated Podcast Monthly podcast featuring bold pioneers in sustainable innovation discussing climate tech investing, AI in climate finance, biomanufacturing, and energy transition solutions.
- Perspectives Thought leadership platform featuring articles, reports, and sector analysis on low-carbon technology, industrial decarbonization, and climate investment trends.
Companies that use Theia Ventures
Customer profileSegments2 records
Ideal customer profiles2 records
Theia Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Theia Ventures partnerships and signals
Strategic signalScale indicators5 records
Recent moves8 records
Expansion highlights6 records
Theia Ventures competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Theia Ventures social profiles
Digital presenceTheia Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Theia Ventures leadership team
Management profileNumber of profiles
Profiles15 records
Theia Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Theia Ventures M&A and investment
M&A and investmentM&A
Investments17 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Theia Ventures
What does Theia Ventures do?
Theia Ventures operates an early-stage venture capital fund (Fund I, $30 million first close) that invests $500,000 to $1 million tickets into pre-seed and seed climate tech and deep tech startups in India. The fund targets 18-20 portfolio companies across foundational models, advanced materials, industrial decarbonization, AI-enabled circular systems, and power and industrial systems, generating returns through management fees and carried interest from institutional limited partners.
Is Theia Ventures a public or private company?
Theia Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Theia Ventures founded?
Theia Ventures was founded in 2021. It employs 1 to 10 people.
Where is Theia Ventures based?
Theia Ventures is headquartered in Bangalore, India, in the Asia region.
How does Theia Ventures make money?
One revenue line is on record: fund Management.
Does Theia Ventures have an API?
No public API is recorded for Theia Ventures.
What industry is Theia Ventures in?
Theia Ventures's product category is Venture Capital / Private Equity Fund Management. Its primary akta.pro industry code is FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed), with a secondary code of FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 52394 and its SIC code is 6282.