VC fund (Cat I) · SEBI registry
Himalaya Wealth Management Fund
Growth (Series C+) · Deep Tech (AI/ML/Robotics) · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Deep Tech (AI/ML/Robotics)
- City
- Mumbai
- HQ / office
- Gurugram, Haryana (Spaze I-Tech Park, Sector 49, Sohna Road); promoters associated with Asit C. Mehta group, Mumbai
- Fund registered
- 2025
- Corpus (as reported)
- Target corpus Rs 500 cr (Rs 250 cr base + Rs 250 cr greenshoe); ~USD 52m target (2026, announced; fund yet to commence operations)
About
Category I AIF (Himalaya SME Scheme-I) managed by Himalaya Wealth Managers LLP, launched May 2026 to back growth-stage deeptech SMEs in India; general partners include Deena Mehta, Manohar Lal Vij, Asit C. Mehta and Jatin Tehri, targeting 20%+ gross IRR. Fund was yet to commence operations as of mid-2026.
Investment focus
Growth-stage SMEs with proven business models; frontier/deeptech sectors — aerospace & defence, industrial automation, healthcare & life sciences, agritech & food processing, electronics & semiconductors, renewable energy & EVs
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/25-26/2046
SIDBI Fund of Funds
None found
Team & organisation
~4 partners: Deena Mehta (General Partner & Investment Director), Manohar Lal Vij, Asit C. Mehta, Jatin Tehri
LLP-managed (Himalaya Wealth Managers LLP) Category I AIF — 'Himalaya SME Scheme-I', SME/growth-stage focused (aerospace & defence, industrial automation, healthcare, agritech, electronics/semiconductors, renewables/EV).
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Frequently asked
- What does Himalaya Wealth Management Fund invest in?
- Growth-stage SMEs with proven business models; frontier/deeptech sectors — aerospace & defence, industrial automation, healthcare & life sciences, agritech & food processing, electronics & semiconductors, renewable energy & EVs
- How do I pitch Himalaya Wealth Management 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://inc42.com/buzz/himalaya-wealth-managers-launches-%E2%82%B9500-cr-fund-to-back-growth-stage-deeptech-smes/; https://cafemutual.com/news/cafe-alt/37810-himalaya-wealth-managers-launches-sme-focused-aif