growX ventures
growX ventures is a New Delhi-based, SEBI-registered early-stage and early-growth venture capital firm investing in B2B and deep-tech startups across fintech, space, defence, SaaS, and clean-tech through Fund I (fully deployed) and Fund II (deploying).
- Company typePrivate
- Founded2018
- Headquarters—
- Headcount11–50
- GTM typeB2B
- OfferingServices
What growX ventures does
growX ventures is a New Delhi-based venture capital firm operating as a SEBI-registered Category II Alternative Investment Fund. The firm invests in early-stage and early-growth B2B and deep-tech startups, with Fund I (launched 2018, fully deployed across 17 investments) and Fund II (currently deploying, Registration No. IN/AIF2/23-24/1456) active. Its investment thesis spans fintech, space tech, defence tech, SaaS, cybersecurity, robotics, healthtech, clean-tech, and sustainable materials, anchored by a "producer and songwriter" brand positioning that emphasizes capital, mentorship, and operator support over pure financial underwriting.
The firm is led by Founding Partner & CEO Ashish Taneja, General Partner Manish Gupta, and Managing Partner Manu Rikhye, supported by a 15-person team including venture partners, associates, analysts, and investor-relations staff. Notable portfolio outcomes include exits of Fynd to Reliance Industries Limited, Progcap to GIC at a 41x return, AEREO to Nasdaq at 5x, Better Butter to Silverpush, and Fortune Pay to EzeTap. Recent Fund II lead investments include Armory (counter-UAS defence tech, Rs 13 crore, June 2025), PeelON (compostable biotech packaging, $1M seed, August 2025), and Ulook Technologies (₹19 crore, November 2025).
Revenue is generated through the standard VC model: recurring management fees on committed/invested AUM (typically ~2% annually) charged to limited partners, plus performance-based carried interest on profitable portfolio exits (typically ~20% above a hurdle). Fund terms and AUM are not publicly disclosed, and go-to-market is deal-flow-driven via the firm's pitch.growx.vc intake platform, direct founder outreach, network referrals, and industry-event participation, with investor relations handled via [email protected]. The firm does not develop technology products itself; its core offering is capital allocation, sector pattern recognition, and founder-level operating support.
growX ventures firmographics
Firmographics- Name
- growX ventures
- Legal name
- growX ventures
- Website
- https://growx.vc
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- growX ventures is a New Delhi-based, SEBI-registered early-stage and early-growth venture capital firm investing in B2B and deep-tech startups across fintech, space, defence, SaaS, and clean-tech through Fund I (fully deployed) and Fund II (deploying).
- Ownership category
- akta.pro rank
growX ventures industry classification
Industry- Product category
- Venture Capital (Early-Stage and Early-Growth B2B / Deep-Tech Investment)
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Technology & Software Growth Equity (FSANACAA)
Keywords
growX ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: VC firms typically charge management fees on committed capital (typically 2% of AUM), collected annually from limited partners (institutional investors, family offices, HNIs) during the fund's investment period and sometimes beyond.
- Carried Interest (Carry): Performance-based participation in profits from successful portfolio company exits (IPOs, acquisitions, secondary sales). Typically 20% of profits above the hurdle rate, paid to the GP (general partner) after returning capital to LPs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
growX ventures product offering
Product offeringCore offering
growX ventures is an Indian venture capital firm that invests in early-stage and early-growth B2B and deep-tech startups through its SEBI-registered Category II Alternative Investment Funds (AIF). The firm manages two funds (Fund I and Fund II) and provides capital, operator support, and follow-on funding to founders building in fintech, SaaS, spacetech, defence tech, AI/ML, and robotics.
Product overview
growX ventures is a venture capital firm operating two funds (Fund I, launched 2018 and fully deployed; Fund II, currently deploying) that invests in early-stage and early-growth B2B/deep-tech startups across sectors including fintech, space tech, healthcare, robotics, SaaS, cybersecurity, and defence tech. The firm does not offer a standalone product or software platform; its core offering is investment capital, strategic support, and operational assistance to portfolio founders. The firm maintains a pitch submission platform (pitch.growx.vc) for startup founders seeking funding.
Differentiator
Problem solved
Functional benefit
Products and services
- growX ventures Fund I SEBI-registered Category II Alternative Investment Fund (AIF) deployed by growX ventures to make early-stage and early-growth B2B and deep-tech startup investments in India. The fund has completed 17 investments and is fully deployed, providing limited partners with exposure to venture-stage Indian B2B and deep-tech opportunities.
- growX ventures Fund II SEBI-registered Category II Alternative Investment Fund (AIF) and the currently active growX ventures fund, used to deploy capital into early-stage and early-growth B2B and deep-tech Indian startups. Fund II represents the firm's ongoing investment vehicle for limited-partner commitments.
Quantifiable outcome
- >5X value created across portfolio
- +3 more outcomes
Companies that use growX ventures
Customer profileNamed customers19 records
Segments1 record
Ideal customer profiles1 record
growX ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
growX ventures partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights4 records
growX ventures competitors and assessment
Company assessmentDirect peers
- Kalaari Capital: Bengaluru-based early-stage tech VC investing in Indian startups across consumer internet, SaaS, and deep-tech. Closely comparable as a sector-focused India early-stage venture firm with similar fund vintage and check sizes.
- YourNest Venture Capital: India-registered early-stage AIF focused on deep-tech and tech-enabled startups. Comparable as SEBI-registered Category II AIF with deep-tech early-stage thesis.
- Speciale Invest: India-based early-stage venture capital firm focused on deep-tech and enterprise-tech startups. Most directly comparable peer because of identical stage (seed/early), sector focus (deep-tech), and geography.
- 3one4 Capital: Bengaluru-based early-stage VC investing in technology-driven Indian startups across SaaS, fintech, and deep-tech. Comparable as a sector-focused India seed/Series A VC; differs by being slightly more growth-tilted.
- Blume Ventures: One of India's longest-operating early-stage VC firms with a sector-agnostic thesis skewed to enterprise and deep-tech. Comparable stage and country; differs by larger portfolio breadth and broader sector remit.
- pi Ventures: India deep-tech focused early-stage VC with thesis around AI, machine learning, and frontier tech. Directly comparable in stage, sector focus, and AIF-style fund structure.
Broad incumbents
- Chiratae Ventures: One of India's largest tech-focused VC firms with broader stage and sector coverage across consumer, SaaS, and deep-tech. Comparable thematically but at significantly greater AUM and check size.
Emerging players
- Industrial 47: India-focused VC with deep-tech and industrial-tech orientation. Directly comparable as a co-investor in defence-tech (Armory) and as a similarly-themed deep-tech seed/early-stage firm.
- Antler India: Global early-stage VC and venture builder with an active India franchise focusing on pre-seed and seed. Comparable as a co-investor (Armory) and as a global-standard early-stage platform with Indian seed activity.
- Info Edge Ventures: Strategic venture arm of Info Edge (Naukri.com parent) investing in Indian internet, SaaS, and deep-tech startups. Directly comparable as a co-investor with growX (Ulook round) and as a similarly-staged India early-stage VC.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
growX ventures social profiles
Digital presencegrowX ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
growX ventures leadership team
Management profileNumber of profiles
Profiles12 records
growX ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
growX ventures M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about growX ventures
What does growX ventures do?
growX ventures is an Indian venture capital firm that invests in early-stage and early-growth B2B and deep-tech startups through its SEBI-registered Category II Alternative Investment Funds (AIF). The firm manages two funds (Fund I and Fund II) and provides capital, operator support, and follow-on funding to founders building in fintech, SaaS, spacetech, defence tech, AI/ML, and robotics.
Is growX ventures a public or private company?
growX ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was growX ventures founded?
growX ventures was founded in 2018. It employs 11 to 50 people.
How does growX ventures make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Carry).
Who are growX ventures's main competitors?
Direct peers on record are Kalaari Capital, YourNest Venture Capital, Speciale Invest, 3one4 Capital, Blume Ventures and pi Ventures. Chiratae Ventures is listed as a broad incumbent. Emerging players are Industrial 47, Antler India and Info Edge Ventures.
Does growX ventures have an API?
No public API is recorded for growX ventures.
What industry is growX ventures in?
growX ventures's product category is Venture Capital (Early-Stage and Early-Growth B2B / Deep-Tech Investment). Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANACAA, Technology & Software Growth Equity. Its NAICS code is 52394 and its SIC code is 6282.