VC fund (Cat II) · SEBI registry
Agastya Trust
Growth (Series C+) · Pharma & Life sciences · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Pharma & Life sciences
- City
- Mumbai
- HQ / office
- Nariman Point, Mumbai, Maharashtra
- Fund registered
- 2021
- Investments on record
- 1
- Corpus (as reported)
- Prachetas New India Growth Fund target size US$200–250 million (firm-disclosed)
- Website
- prachetascapital.com
- Profile ↗
About
Agastya Trust is a SEBI Cat II AIF whose investment manager is Prachetas Capital Pvt. Ltd., a Mumbai-based value-investing-oriented private equity / growth fund manager founded and chaired by Praveen Kadle. The trust provides growth capital, preferably to first-generation entrepreneurs building on new technology platforms.
Investment focus
Growth-stage / growth capital for SMEs across IT & digital services, healthcare & pharma, financial services, logistics and precision manufacturing (target companies ~US$15–150M revenue)
Cheque size
US$15-25 Million per investment (fund size US$200-250M); growth-stage companies with US$15-150M revenue
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/21-22/0985
SIDBI Fund of Funds
None found
Notable portfolio
EasyRewardz
Team & organisation
Approx 5 core investment professionals (Senior Partner Ajay Limaye, Principal Abha Inamdar, plus VP/associates) under Managing Partner Pradeep Bandivadekar; Chairman Praveen P. Kadle
Company-managed (Prachetas Capital Pvt. Ltd. is investment manager) trust-structured Category II AIF; single scheme 'Prachetas New India Growth Fund' under Agastya Trust (SEBI IN/AIF2/21-22/0985)
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Frequently asked
- What does Agastya Trust invest in?
- Growth-stage / growth capital for SMEs across IT & digital services, healthcare & pharma, financial services, logistics and precision manufacturing (target companies ~US$15–150M revenue)
- What cheque size does Agastya Trust write?
- As compiled from public sources: US$15-25 Million per investment (fund size US$200-250M); growth-stage companies with US$15-150M revenue
- How do I pitch Agastya Trust 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.
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About this record
- ⚑ PE / growth fund (not early-stage startup VC)
Compiled from SEBI registrations and 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://prachetascapital.com; https://prachetascapital.com/about-prachetas-capital/