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VC fund (Cat I) · Curated list

Athera Venture Partners (ex-Inventus India)

Seed · Consumer Internet & Marketplaces · Bengaluru

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At a glance

Stage focus
Seed
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.
LinkedIn
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