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Aarin Capital
Bengaluru
At a glance
- City
- Bengaluru
- HQ / office
- Bengaluru (1 Sobha, St Marks Road)
- Corpus (as reported)
- ~US$150M AUM (Superscout est., 2025); Ranjan Pai personally committed US$50M at inception (Forbes India, 2019)
- Website
- aarincapital.com
- Profile ↗
About
Proprietary venture fund founded in 2012 by former Infosys CFO T.V. Mohandas Pai and Manipal Group's Dr. Ranjan Pai, investing in technology-intensive life-sciences, healthcare and education businesses in India-first markets. It was the first institutional investor in Byju's (26% stake acquired 2013) and continues to solicit pitches via its website as of 2026.
Investment focus
Seed to Series A (proprietary venture fund; also backs emerging fund managers) · Technology-intensive businesses in life sciences & healthcare, education/edtech, and India-first tech; SaaS/deep tech
Cheque size
Not disclosed per deal; has deployed ~US$80M across 30+ startups and funds (Forbes India); early-stage cheques
As compiled from public sources — verify with the investor.
SEBI registration
Not a SEBI AIF / offshore
Notable portfolio
Byju's (first institutional investor, 2013); PharmEasy; HomeLane; FabHotels; Pocket Aces; Faircent; Vyome Biosciences; Invictus Oncology
Team & organisation
T.V. Mohandas Pai (Chairman; co-founded with Dr. Ranjan Pai of Manipal Group, 2012)
Healthcare, life-sciences and edtech focus fits UP's medtech/edtech pipeline; Mohandas Pai is a prominent, vocal champion of state startup ecosystems and a credible anchor for an Invest UP investor panel.
Connect through iHub India
Open a funding round and send a structured pitch from this profile. It's recorded now and delivered the moment this investor joins iHub India; if they accept, contact details are shared and the conversation moves into a tracked deal room.
Raising a round? Send a funding pitch with your traction — an acceptance opens a tracked deal room. Mentors, incubators, corporates and students can request an intro instead.
Work at Aarin Capital? Claim this profile to keep it current and receive pitches directly.
Frequently asked
- What does Aarin Capital invest in?
- Seed to Series A (proprietary venture fund; also backs emerging fund managers) · Technology-intensive businesses in life sciences & healthcare, education/edtech, and India-first tech; SaaS/deep tech
- What cheque size does Aarin Capital write?
- As compiled from public sources: Not disclosed per deal; has deployed ~US$80M across 30+ startups and funds (Forbes India); early-stage cheques
- How do I pitch Aarin Capital through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
About this record
- ⚑ Portfolio includes Byju's, which collapsed in 2023–24 (Aarin was its earliest backer); firm itself remains active — no controversy attached to Aarin
Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://aarincapital.com (portfolio + thesis); https://aarincapital.com/contact/ (email, phone, Bangalore address); https://www.forbesindia.com/article/startups/ranjan-pai-the-benevolent-investor/47527/1