VC fund (Cat II) · SEBI registry
Hissa Trust
Growth (Series C+) · Sector agnostic · Bengaluru
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Sector agnostic
- City
- Bengaluru
- HQ / office
- Bengaluru, Karnataka (Embassy Classic, Vittal Mallya Road)
- Fund registered
- 2023
- Investments on record
- 100
- Corpus (as reported)
- Fund size USD 35m (per official site, 2024-25; some sources cite a USD 35m / 'Hissa Fund 1' target)
- Website
- hissa.fund
- Profile ↗
About
Category II AIF (Hissa Trust / Hissa Fund 1), SEBI reg. IN/AIF2/23-24/1439 (Jan 2024), managed by Hissa Investment Managers LLP. The fund offers liquidity to ESOP holders of growth-stage startups by purchasing exercised stock options, bypassing the typical VC J-curve.
Investment focus
Growth-stage / Series B+ Indian startups (post product-market fit); sector-agnostic. Strategy is buying exercised ESOPs/stock options from employees to provide liquidity with a T+5 settlement cycle.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/23-24/1439
SIDBI Fund of Funds
None found
Team & organisation
~4 investment professionals: Satish Mugulavalli (Managing Partner), Srinivas Katta (Founder), Srihari Katta (General Partner), Rithvik Kasireddy (General Partner)
Category II AIF — 'Hissa Fund I' (India's first unlisted-secondaries / ESOP-liquidity fund), launched 15-Jan-2025. Managed via Rulezero Technology Solutions Pvt Ltd (Hissa equity-management platform).
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Frequently asked
- What does Hissa Trust invest in?
- Growth-stage / Series B+ Indian startups (post product-market fit); sector-agnostic. Strategy is buying exercised ESOPs/stock options from employees to provide liquidity with a T+5 settlement cycle.
- How do I pitch Hissa Trust 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://hissa.com/hissa-launches-35m-fund-to-unlock-indias-esop-liquidity-market/; https://hissa.fund/home/