VC fund (Cat I) · Curated list
Athera Venture Partners (ex-Inventus India)
Seed · Consumer Internet & Marketplaces · Bengaluru
At a glance
- Stage focus
- Seed
- Primary sector
- Consumer Internet & Marketplaces
- City
- Bengaluru
- HQ / office
- 1st Floor, G.R. Primus, 69/1, 1st Cross, Domlur (Near Domlur Post Office), Bangalore 560 071, India
- Fund registered
- 2022
- Investments on record
- 64
- Corpus (as reported)
- Fund IV target corpus Rs 900 crore (~USD 120 million), launched May 2022 (HDFC AMC is a major LP). Total managed across four funds reported at ~Rs 863 crore.
- Website
- atheravp.com
- Profile ↗
About
Athera Venture Partners is a Bangalore-based early-stage Indian venture capital firm founded in 2008 as the India arm of Inventus Capital Partners; it rebranded to Athera Venture Partners in May 2022 when launching its Rs 900 crore (~$120M) Fund IV. It invests at Seed to Series A in technology-focused startups across consumer, enterprise/SaaS, fintech and deep tech. Key general partners include Rutvik Doshi and Parag Dhol. It is a SEBI-registered Alternative Investment Fund Manager.
Investment focus
Early-stage (Seed to Series A). Sector-agnostic, technology-focused: consumer internet/mobile, enterprise software/SaaS, fintech, IoT, deep tech, Web3. Ticket size ~Rs 5-45 crore with follow-on.
SEBI registration
SEBI AIF Category I — Venture capital — reported as “Major/growth VC (early-stage VC) / Cat I”
- IN/AIF1/22-23/1140
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Inventus III India Fund; Athera Fund IV
Yes — on official SIDBI FFS supported-AIF list (Athera Fund IV; Inventus III India Fund)
Notable portfolio
redBus (exited); PolicyBazaar (IPO exit); Pixxel; Euler Motors; HealthifyMe; PlayShifu; Tricog; MoveInSync
Team & organisation
~9 (4 General Partners: Rutvik Doshi, Parag Dhol, Samir Kumar, Rajiv Mehta; plus CFO and investment/ops staff)
SEBI-registered AIF manager; LLP/Pvt-Ltd-managed early-stage (Category I/II) VC, multi-fund (Fund IV raising)
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Frequently asked
- What does Athera Venture Partners (ex-Inventus India) invest in?
- Early-stage (Seed to Series A). Sector-agnostic, technology-focused: consumer internet/mobile, enterprise software/SaaS, fintech, IoT, deep tech, Web3. Ticket size ~Rs 5-45 crore with follow-on.
- How do I pitch Athera Venture Partners (ex-Inventus India) 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
- ⚑ Rebrand: formerly "Inventus India / Inventus Capital Partners (India)", rebranded to Athera Venture Partners in May 2022 — note possible name collision with the US-based Inventus Capital Partners (the US parent retains the Inventus brand). Private VC firm; HDFC AMC is a Fund IV LP (limited partner only, not government/DFI ownership). HQ in India (Bangalore). Third-party scraper sites (Lusha, RocketReach, SignalHire) list contact data — those were not used; email is from the firm's own contact page.
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://www.atheravp.com/contact; https://www.atheravp.com/team