Sangam Ventures

Name

Sangam Ventures

Legal name

Sangam

Website

https://sangam.vc

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Venture Capital / Climate Tech Investment Fund

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

Corporate Accelerators & Startup Programs (FSANAHAD)

Keywords

• Climate venture capital
• Cleantech seed funding
• Early-stage climate investing
• Just energy transition
• Climate tech incubator

Headquarters

HQ city

Chattarpur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fund Management and Equity Returns: Generates returns through equity investments in early-stage climate technology startups. Fund is domiciled in Mauritius for flexibility to invest across Indian sub-continent and global startups targeting emerging markets. Returns come from portfolio company exits via acquisition or IPO.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Sangam Ventures is a science-based, thesis-driven seed and early-stage venture capital fund that invests in STEM-led climate technology startups across India and select global markets. The firm invests from seed through Series A (including pre-revenue startups) and operates AIC-Sangam, India's first cleantech incubator, which provides 3-9 months of pre-investment support to de-risk startups before the fund invests.

Product overview

Sangam Ventures is a science-based, thesis-driven venture fund focused on climate change mitigation and adaptation across the Indian subcontinent and select global markets. The firm operates two core offerings: (1) an early-stage investment fund spanning seed through Series A, managed by the team in Goa and domiciled in Mauritius, and (2) an in-house incubator called AIC-Sangam, India’s first cleantech incubator established in partnership with AIM, NITI Aayog, and the Government of India, which provides 3–9 months of pre-investment support to startups before the fund makes an investment decision. The fund targets STEM-led technology ventures addressing climate change in underserved sectors, with a focus on diversity and collaboration. The portfolio spans three themes — Just Energy Transition, Resource Productivity, and Regenerative Food Systems — and currently includes companies such as Promethean Energy, Thermistance Technologies, Delectrik Systems, SmartJoules, Solshare, Khethworks, Voltrez Tech, Carbon Masters, Cell Propulsion, and Pratyaksha Agrotech.

Differentiator

Problem solved

Functional benefit

Products and services

• Seed to Series A Investment Fund Early-stage venture capital fund that invests from seed stage through Series A (including early Series A for pre-revenue startups) in climate technology startups. The fund invests independently, leads rounds, or co-invests alongside other investors across the Indian sub-continent and select global markets, targeting exits via acquisition or IPO.
• AIC-Sangam Cleantech Incubator In-house cleantech incubator providing 3-9 months of pre-investment de-risking support to early-stage climate technology startups, working with founders on technology validation and customer development before the fund invests. Founded and directed by Karthik Chandrasekar in partnership with AIM, NITI Aayog, Government of India.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• AIC-Sangam (AIM, NITI Aayog, Government of India)coreStrategic or Co-development PartnerIndia's first cleantech Incubator established in partnership with AIM, NITI Aayog, Government of India. Founded and directed by Karthik Chandrasekar. Incubates startups for 3-9 months before potential investment, significantly de-risking them.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Avaana Capital: India-based climate and sustainability venture fund investing in early- and growth-stage startups. Directly comparable given overlapping India climate-tech mandate, similar stage focus, and shared LPs/DFI ecosystem.
• Omnivore: India-focused venture fund investing in agritech, food, and rural climate solutions. Comparable given overlapping regenerative food systems and climate-adaptation thesis and similar fund size and stage.
• Transition VC: Climate-focused early-stage VC investing across South and Southeast Asia; directly co-invested with Sangam in Promethean Energy's $2M Pre-Series A. Operates in the same India climate-tech seed/Series-A segment with a similar emerging-markets focus.

Broad incumbents

• Climate Fund Managers: Climate-focused emerging-markets fund manager (SA-led) deploying blended finance into climate solutions including in South Asia. Comparable given climate-emerging-market mandate, though typically operating at larger check sizes and later stages than Sangam.
• Lowercarbon Capital: US-led climate venture fund with global thesis; comparable on climate-tech mandate and seed/early-stage activity, though primarily US-based and significantly larger than Sangam.
• Acumen: Global impact investor with a long-standing India presence and a clean energy portfolio; Karthik Chandrasekar previously led cleantech investments at Acumen. Comparable given mission-driven climate/energy focus, though Acumen is significantly larger and more diversified geographically.
• Blume Ventures: One of India's largest early-stage VC funds with deep seed portfolio across sectors including climate and energy. Comparable as an India seed/early-stage investor competing for the same founder pool, though Blume is much larger and sector-agnostic.
• TVS Capital: India-focused growth and early-stage investor where Karthik began his India investment career. Comparable as an India-headquartered VC serving similar founder profiles, though TVS Capital's mandate spans sectors beyond climate.

Emerging players

• Sahel Capital: Africa-focused impact investment manager operating in agriculture and climate; comparable given emerging-market climate-adaptation mandate and small-fund operational profile, though Africa-focused rather than India-focused.
• GreenFront Ventures: Early-stage climate-tech fund with an India focus. Comparable as an emerging India climate VC at similar stage and check size, though smaller and newer than Sangam.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/sangamvc
• LinkedInlinkedin.com/company/sangam-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sangam Ventures