VC fund (Cat II) · SEBI registry
Asha Ventures Trust
Growth (Series C+) · EdTech & Skilling · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- EdTech & Skilling
- City
- Mumbai
- HQ / office
- Mumbai, Maharashtra — Dalamal Tower, Nariman Point
- Fund registered
- 2022
- Investments on record
- 5
- Corpus (as reported)
- USD 100M target for Asha Ventures Fund I (launched Dec 2023; first close ~USD 50M); USD 10M LP commitment from British International Investment (BII)
- Website
- ashaventures.in
- Profile ↗
About
Asha Ventures is an India-focused, innovation-led impact equity investor founded by Vikram Gandhi (ex-Morgan Stanley India head) and Pramod Bhasin (ex-Genpact CEO); its maiden institutional vehicle Asha Ventures Fund I targets ~USD 100M for early/growth-stage startups serving India's emerging middle class. (Truemeds, Ascend Capital and AutoMony are Fund I investments; Varthana and Adda247 are founder-era investments.)
Investment focus
Early-to-growth-stage equity (Series A/B, ~USD 2-10M cheques) in financial empowerment/inclusion, education & job creation, healthcare, AgriTech and ClimateTech — innovation-led impact investing
Cheque size
USD 2-10 Mn (approx INR 17-83 Cr); leads/co-leads early-to-growth rounds
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/22-23/1143
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Asha Ventures Fund I
Yes — on official SIDBI FFS supported-AIF list (Asha Ventures Fund I)
Notable portfolio
Truemeds; Ascend Capital; AutoMony; Varthana; Adda247
Team & organisation
Small partner-led team; co-founders Vikram Gandhi and Pramod Bhasin (exact investment team count not disclosed)
Trust-structured Category II AIF (single maiden fund), impact/growth-equity; manager managed by Asha Ventures (Mumbai)
Connect through iHub India
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Frequently asked
- What does Asha Ventures Trust invest in?
- Early-to-growth-stage equity (Series A/B, ~USD 2-10M cheques) in financial empowerment/inclusion, education & job creation, healthcare, AgriTech and ClimateTech — innovation-led impact investing
- What cheque size does Asha Ventures Trust write?
- As compiled from public sources: USD 2-10 Mn (approx INR 17-83 Cr); leads/co-leads early-to-growth rounds
- How do I pitch Asha Ventures 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
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://inc42.com/buzz/adda247-varthana-backer-asha-ventures-marks-first-close-of-maiden-fund-at-50-mn/; https://www.dealstreetasia.com/stories/asha-ventures-impact-fund-375403