Axilor Ventures
Axilor Ventures is an India-based early-stage seed fund and accelerator founded by Infosys co-founders, operating three SEBI-registered funds totaling ~$130M+ AUM to back 60+ technology startups across SaaS, fintech, healthcare, and supply chain.
- Company typePrivate
- Founded2014
- HeadquartersBangalore, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Axilor Ventures does
Axilor Ventures is an India-based early-stage seed fund and startup accelerator founded in November 2014 by Infosys co-founders Kris Gopalakrishnan, S.D. Shibulal, Srinath Batni, and Tarun Khanna, with Ganapathy Venugopal serving as co-founder and CEO. The firm operates three SEBI-registered Alternative Investment Funds — Axilor Technology Fund I (Category 1 AIF, launched 2014 with a ₹200 crore / ~$30 million corpus), Axilor Technology Fund II (Category 2 AIF, launched July 2022 with a $100 million / ₹770 crore corpus), and Micelio Technology Fund I (Category 1 AIF) — alongside a separately branded Axilor Labs unit for research-oriented, IP-led idea generation. Its portfolio spans 60+ companies across Supply Chain, Enterprise SaaS, Fintech, Healthcare, Agri/Life Sciences, Consumer, Climate Tech, and Mobility, with documented investments spanning 2017-2025 including AdvantageClub.ai, SwitchOn, QuickShift, Niramai, Capgrid, Medfin, and Doppelio.
The firm's core service offering combines seed capital with active operational support through its Axilor Accelerator Program, marketed as one of India's top-rated accelerators. Axilor reports performance metrics including a 77% follow-on investment rate, 48% seed-to-Series A conversion rate, 21 portfolio companies reaching Series A and beyond, 7 companies at $100M+ valuation, and 400 founders supported. The investment thesis emphasizes capital-efficient B2B models with sector-specific expertise, supplemented by an Axilor Labs upstream ideation layer.
The business model is that of a traditional venture capital fund manager: management fees on committed and deployed AUM across the three registered funds, plus carried interest from successful exits. Capital deployment is direct (no external distribution channels) and domestic to India, with portfolio companies sometimes serving end-markets in the United States, Singapore, Southeast Asia, and the Middle East. Documented exits include the Flipkart acquisition of AR/VR portfolio company Scapic in 2020. Marketing and deal origination rely on the firm's website, LinkedIn, X/Twitter, YouTube, industry events, and earned media, rather than any proprietary technology platform.
Axilor Ventures firmographics
Firmographics- Name
- Axilor Ventures
- Legal name
- Axilor Ventures Private Limited
- Website
- https://axilor.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Axilor Ventures is an India-based early-stage seed fund and accelerator founded by Infosys co-founders, operating three SEBI-registered funds totaling ~$130M+ AUM to back 60+ technology startups across SaaS, fintech, healthcare, and supply chain.
- Ownership category
- akta.pro rank
Axilor Ventures industry classification
Industry- Product category
- Venture Capital / Seed-stage Investing
- NAICS
- All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
- akta.pro secondary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Axilor Ventures is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Markets served
Axilor Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Distribution channels1 record
Marketing channels6 records
Axilor Ventures product offering
Product offeringCore offering
Axilor Ventures is a seed-stage venture capital fund and startup accelerator that invests in early-stage technology startups in India. It deploys capital through multiple SEBI-registered Alternative Investment Funds (AIFs) and provides mentorship, operational support, and network access to portfolio companies through its accelerator program. Founded by Infosys co-founders, it manages over $100 million in corpus across two flagship Axilor Technology Funds and the Micelio Technology Fund I.
Product overview
Axilor Ventures is an active seed fund and accelerator that helps early-stage startups succeed. Founded by Infosys co-founders including Kris Gopalakrishnan, it operates multiple SEBI-registered funds (Axilor Technology Fund I, Axilor Technology Fund II, and Micelio Technology Fund I) totaling over $100 million in corpus. The firm provides capital, mentorship, and operational support through its accelerator program, maintaining a portfolio of 60+ companies across supply chain, enterprise SaaS, fintech, healthcare, agriculture, consumer, climate tech, and mobility sectors. The investment thesis focuses on capital-efficient B2B models with sector-specific expertise.
Differentiator
Problem solved
Functional benefit
Brands
- Axilor Technology Fund I: SEBI registered Category 1 AIF (IN/AIF1/17-18/0518)
- Axilor Technology Fund II
- Micelio Technology Fund I
Products and services
- Axilor Technology Fund I SEBI-registered Category 1 Alternative Investment Fund (IN/AIF1/17-18/0518) that invests seed capital in early-stage technology startups in India.
- Axilor Technology Fund II SEBI-registered Category 2 Alternative Investment Fund (IN/AIF2/22-23/1176) with $100 million corpus, continuing Axilor's seed-stage investing focus on early-stage startups across B2B commerce, healthcare, global enterprise SaaS, fintech, and agriculture.
- Micelio Technology Fund I SEBI-registered Category 1 Alternative Investment Fund (IN/AIF1/19-20/0748) focused on early-stage technology investments, managed by Axilor Investment Advisors LLP.
- Axilor Accelerator Program One of India's largest and top-rated startup accelerator programs providing seed funding, mentorship, operational support, and network access to early-stage technology startups selected through application and evaluation.
Quantifiable outcome
- 60+ portfolio companies supported
- +5 more outcomes
Companies that use Axilor Ventures
Customer profileSegments1 record
Ideal customer profiles1 record
Axilor Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Axilor Ventures partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights6 records
Axilor Ventures competitors and assessment
Company assessmentDirect peers
- Blume Ventures: One of India's most active seed and early-stage venture funds, investing in tech-driven startups with both an accelerator-style platform and fund-of-funds model. Highly comparable to Axilor in stage, geography, and B2B/tech focus.
- 3one4 Capital: Bengaluru-based early-stage venture capital firm investing in tech-led Indian startups from seed through Series A. Direct comparable to Axilor in stage, sector focus, and India-centric mandate.
- IndiaQuotient: Seed-stage Indian venture fund focused on early-stage technology and consumer startups, with active founder support programs. Comparable in stage, structure, and India-only mandate.
- pi Ventures: India-focused early-stage VC fund investing in AI, deep-tech, and SaaS startups from seed stage. Comparable to Axilor in stage, geography, and thesis-driven sector focus.
- Chiratae Ventures (formerly IDG Ventures India): India-focused tech venture fund with seed through growth stage investments across enterprise, consumer, and healthcare. Comparable in Indian tech VC mandate, though larger and broader in stage.
- Seedfund: One of India's earliest seed-stage VC funds, investing in tech and consumer startups with active mentoring. Comparable as an India-focused seed specialist with similar thesis-driven approach.
- Ankur Capital: India-focused early-stage fund with emphasis on deep-tech, agri, and healthcare verticals. Comparable in stage, sector specialization, and India-only mandate.
Broad incumbents
- Kalaari Capital: Established Indian early-stage VC firm investing across seed to Series B, with a similar tech-focused India mandate. Comparable in geography but larger AUM and broader stage range than Axilor.
- Y Combinator: Global leader in startup acceleration and seed funding with an extensive alumni network. Comparable to Axilor's accelerator + seed fund hybrid model, though vastly larger in scale and global in reach.
Regional players
- Fireside Ventures: India-focused early-stage VC specializing in consumer brands. Comparable as an India-based sector-focused seed investor, though in consumer rather than B2B/SaaS.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Axilor Ventures social profiles
Digital presenceAxilor Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Axilor Ventures leadership team
Management profileNumber of profiles
Profiles8 records
Axilor Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Axilor Ventures M&A and investment
M&A and investmentM&A
Investments150 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Axilor Ventures
What does Axilor Ventures do?
Axilor Ventures is a seed-stage venture capital fund and startup accelerator that invests in early-stage technology startups in India. It deploys capital through multiple SEBI-registered Alternative Investment Funds (AIFs) and provides mentorship, operational support, and network access to portfolio companies through its accelerator program. Founded by Infosys co-founders, it manages over $100 million in corpus across two flagship Axilor Technology Funds and the Micelio Technology Fund I.
Is Axilor Ventures a public or private company?
Axilor Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Axilor Ventures founded?
Axilor Ventures was founded in 2014. It employs 11 to 50 people.
Where is Axilor Ventures based?
Axilor Ventures is headquartered in Bangalore, India, in the Asia region.
Who are Axilor Ventures's main competitors?
Direct peers on record are Blume Ventures, 3one4 Capital, IndiaQuotient, pi Ventures, Chiratae Ventures (formerly IDG Ventures India), Seedfund and Ankur Capital. Broad incumbents are Kalaari Capital and Y Combinator. Fireside Ventures is listed as a regional player.
Does Axilor Ventures have an API?
No public API is recorded for Axilor Ventures.
What industry is Axilor Ventures in?
Axilor Ventures's product category is Venture Capital / Seed-stage Investing. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated), with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 52399 and its SIC code is 6282.