VC fund (Cat I) · SEBI registry
Bharat Seed Fund
Seed · Deep Tech (AI/ML/Robotics) · Ahmedabad
At a glance
- Stage focus
- Seed
- Primary sector
- Deep Tech (AI/ML/Robotics)
- City
- Ahmedabad
- HQ / office
- CIIE.CO Building, IIM Ahmedabad New Campus, Vastrapur, Ahmedabad, Gujarat
- Fund registered
- 2022
- Investments on record
- 6
- Corpus (as reported)
- Bharat Innovation Fund corpus ~USD 100M; Bharat Inclusion Seed Fund ~USD 7.5M first close (targeting ~USD 15M) (per public reporting)
- Website
- bharat.fund
- Profile ↗
About
Bharat Seed Fund is part of the 'Bharat Fund' family of early-stage venture funds managed by CIIE Advisors Private Limited / IIMA Ventures (formerly CIIE.CO), the startup incubator and seed investor at IIM Ahmedabad. Funds back tech-innovation and financial-inclusion startups for 'Bharat'.
Investment focus
Early-stage (seed / pre-Series A) venture; tech innovation and inclusion — deep-tech, fintech, financial inclusion, healthcare, edtech, agritech, livelihood/skilling.
Cheque size
Up to ~USD 4.5M for Bharat Innovation Fund (pre-Series A / Series A deep-tech); the Bharat Inclusion Seed Fund invests up to ~USD 1M at seed stage
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/22-23/1163
SIDBI Fund of Funds
Yes — Bharat Innovation Fund (the Bharat Fund / CIIE.CO platform) has secured a commitment from SIDBI's Fund of Funds among its LPs (alongside ICICI Lombard, SBI Life, RBL Bank, Federal Bank, etc.). Source: IIMA Ventures / Bharat Fund newsroom.
Notable portfolio
Kaleidofin; Setu; Riskcovry; GUVI; Virohan; Entitled
Team & organisation
Approx 11-50 (LinkedIn ~17 employees); led by a dedicated Board and Investment Team (Managing Partner Kunal Upadhyay; partners include Ashwin Raguraman)
SEBI-registered Category I AIF / Venture Capital Fund under the Bharat Fund (CIIE.CO) platform; manager/advisor entity CIIE Advisors Pvt Ltd (CIIE.CO). Multi-fund platform: Bharat Innovation Fund (deep-tech VC) and Bharat Inclusion Seed Fund (seed, co-managed with IIMA Ventures). HQ noted at IIM Ahmedabad new campus (CIIE.CO); also a Bengaluru office (RMZ Ecoworld).
Connect through iHub India
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Frequently asked
- What does Bharat Seed Fund invest in?
- Early-stage (seed / pre-Series A) venture; tech innovation and inclusion — deep-tech, fintech, financial inclusion, healthcare, edtech, agritech, livelihood/skilling.
- What cheque size does Bharat Seed Fund write?
- As compiled from public sources: Up to ~USD 4.5M for Bharat Innovation Fund (pre-Series A / Series A deep-tech); the Bharat Inclusion Seed Fund invests up to ~USD 1M at seed stage
- How do I pitch Bharat Seed Fund 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://bharat.fund/innovation/index.html; https://iimaventures.com/newsroom/bharat-innovation-fund-iim-a-incubator-is-betting-big-on-deep-tech-startups/