VC / investor (non-AIF or offshore) · Curated list
Avataar Venture Partners
Growth (Series C+) · IT / SaaS / Enterprise Software · Bengaluru
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- IT / SaaS / Enterprise Software
- City
- Bengaluru
- HQ / office
- Bangalore (HQ): #13, Walton Road, Shantala Nagar, Bangalore - 560001, India. Also: Gurgaon/Delhi (The Quorum Club, Two Horizon Center, First Floor, Golf Course Road, DLF Phase 5, Sector-43, Gurgaon, Haryana - 122002) and USA (5201 Great America Parkway, Suite 320, Santa Clara, CA 95054).
- Fund registered
- 2019
- Investments on record
- 22
- Corpus (as reported)
- ~USD 1 billion AUM (per firm's official site, 2026). Built across Fund I (Avataar Venture Partners I, ~USD 300M, 2021 vintage) and Fund II (~USD 350M, launched Oct 2022).
- Website
- avataar.vc
- Profile ↗
About
Avataar Venture Partners (also branded "Avataar Ventures") is a growth-stage venture capital firm founded in 2019, headquartered in Bangalore with offices in Gurgaon/Delhi and Santa Clara, California. It backs post-product-market-fit B2B/enterprise SaaS and Enterprise AI companies (Series B and beyond), with cheques typically in the ~USD 10M-50M range targeting companies with ~USD 10M+ ARR, and reports roughly USD 1B in AUM across two funds. It was founded by Mohan Kumar (Founder & Managing Partner).
Investment focus
Growth-stage (Series B and beyond, post product-market-fit) equity. Typical cheque ~USD 10M-50M per company, targeting companies with ~USD 10M+ ARR. Sector focus: B2B / enterprise SaaS, Enterprise AI, AI/robotics ("physical intelligence" — AI/robotics/quantum in manufacturing/logistics), and vertical software (healthcare, financial services). Largely global/cross-border portfolio (~80% of companies operate globally) with strong India focus.
Cheque size
Growth-stage (B2B/SaaS) cheques; large growth tickets (not formally disclosed on own site). Positioned as Series B+ growth investor.
As compiled from public sources — verify with the investor.
SEBI registration
Registration category not stated — reported as “Major VC”
SIDBI Fund of Funds
None found
Notable portfolio
RateGain (IPO 2021); Capillary Technologies (IPO 2025); Amagi (BSE/NSE listing Jan 2026); Zenoti (unicorn); ElasticRun (unicorn 2022); LambdaTest; SAFE Security; Finova Capital
Team & organisation
~22 people including ~4 partners and ~6 principals (India + US). Founder/Managing Partner: Mohan Kumar.
Manager-led growth fund focused on B2B/SaaS; operates SEBI-registered fund vehicle(s) plus offshore feeder (Bangalore + Santa Clara). Growth-stage AIF structure.
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Frequently asked
- What does Avataar Venture Partners invest in?
- Growth-stage (Series B and beyond, post product-market-fit) equity. Typical cheque ~USD 10M-50M per company, targeting companies with ~USD 10M+ ARR. Sector focus: B2B / enterprise SaaS, Enterprise AI, AI/robotics ("physical intelligence" — AI/robotics/quantum in manufacturing/logistics), and vertical software (healthcare, financial services). Largely global/cross-border portfolio (~80% of companies operate globally) with strong India focus.
- What cheque size does Avataar Venture Partners write?
- As compiled from public sources: Growth-stage (B2B/SaaS) cheques; large growth tickets (not formally disclosed on own site). Positioned as Series B+ growth investor.
- How do I pitch Avataar Venture Partners 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
- ⚑ Operates under two names — "Avataar Venture Partners" and "Avataar Ventures" — but these are the same firm (not a collision). Private VC; no government/DFI/public-university linkage found. India-headquartered (Bangalore) with a US (Santa Clara) office. Growth-stage focus (Series B+) means it is NOT an early-seed VC — cheque sizes (~USD 10M-50M, targeting ~USD 10M+ ARR companies) skew toward later-stage growth equity, likely beyond most UP early-stage startups.
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://avataar.vc; https://www.avataar.vc/team