VC fund (Cat I) · SEBI registry
Blue Ashva Varenya Fund
Early stage (Pre-Series A) · Deep Tech (AI/ML/Robotics) · Mumbai
At a glance
- Stage focus
- Early stage (Pre-Series A)
- Primary sector
- Deep Tech (AI/ML/Robotics)
- City
- Mumbai
- HQ / office
- Mumbai (BKC, Bandra East), Maharashtra
- Fund registered
- 2021
- Investments on record
- 6
- Website
- blueashvacapital.com
- Profile ↗
About
Blue Ashva Varenya Fund is the Category I Angel AIF vehicle of Blue Ashva Capital, a Mumbai-based deep-tech and impact-focused venture firm.
Investment focus
Early-stage / angel (Category I AIF) venture capital; deep-tech and impact sectors — spacetech, battery/energy storage, climate/clean-tech, sustainable materials, agritech, fintech
Cheque size
Angel/early-stage cheques (Cat I Angel AIF); typically small angel-stage tickets, exact range not disclosed (platform-wide deals up to ~USD 1-5M)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/21-22/0933
SIDBI Fund of Funds
None found
Notable portfolio
Dhruva Space; Godi Energy; GreenJoules; Tan90; Bambrew; Devic Earth
Team & organisation
~12-person team incl. 2 partners and 4 principals (India + Singapore), led by Satya Bansal
Manager: Blue Ashva India LLP. Blue Ashva Varenya Fund is a Category I Angel AIF (SEBI Reg. IN/AIF1/21-22/0933) within the Blue Ashva multi-fund platform. Same manager, team, LinkedIn and email ([contact on file]) as the other Blue Ashva funds; no public phone.
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Frequently asked
- What does Blue Ashva Varenya Fund invest in?
- Early-stage / angel (Category I AIF) venture capital; deep-tech and impact sectors — spacetech, battery/energy storage, climate/clean-tech, sustainable materials, agritech, fintech
- What cheque size does Blue Ashva Varenya Fund write?
- As compiled from public sources: Angel/early-stage cheques (Cat I Angel AIF); typically small angel-stage tickets, exact range not disclosed (platform-wide deals up to ~USD 1-5M)
- How do I pitch Blue Ashva Varenya 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://blueashvacapital.com/investment; https://thebalancesheet.in/investor/64c7dc2f676beb1d2a6b5252/blue-ashva-varenya-fund