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VC fund (Cat II) · SEBI registry

FGP I AIF LLP

Seed · IT / SaaS / Enterprise Software · Bengaluru

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Contact on file — shared on accepted request

At a glance

Stage focus: Seed
Primary sector: IT / SaaS / Enterprise Software
City: Bengaluru
HQ / office: Worli, Mumbai, Maharashtra (operations also in Bengaluru)
Fund registered: 2023
Corpus (as reported): ~USD 250 million target fund (announced Jan 2023; aspirational, not confirmed final close)
Website: fractalgp.com
LinkedIn: Profile ↗

About

FGP I AIF (Fractal Growth Partners) is a SEBI Category II India-focused venture-growth fund founded in 2022 by Ajay Candade (ex-KKR India growth-tech lead) and Nikhil Balaraman (ex-British International Investment), providing scale-up capital to mission-driven tech founders.

Investment focus

Scale-up / growth-stage venture capital in technology-enabled businesses, with a focus on B2B and SaaS companies that have moved past the seed stage

SEBI registration

SEBI AIF Category II — reported as “Cat II”

IN/AIF2/23-24/1271
IN/AIF2/23-24/1312

SIDBI Fund of Funds

None found (co-founders are ex-BII/CDC, but no BII or govt/SIDBI LP commitment confirmed)

Team & organisation

~2-10 (LinkedIn); co-founders/Managing Partners Ajay Candade (ex-KKR) and Nikhil Balaraman (ex-BII)

LLP-managed SEBI Category II AIF (FGP I AIF LLP / Fractal Growth Partners); India-focused venture-growth fund, founded 2022, Bengaluru/Mumbai

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Frequently asked

What does FGP I AIF LLP invest in?: Scale-up / growth-stage venture capital in technology-enabled businesses, with a focus on B2B and SaaS companies that have moved past the seed stage
How do I pitch FGP I AIF LLP 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://in.linkedin.com/company/fractal-growth-partners; https://fractalgp.com/