What cheque size does Merak Ventures write?

As compiled from public sources: USD 0.5-1.5M first cheque (sweet spot ~USD 1M); follow-on up to USD 5M

How do I pitch Merak Ventures 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.

VC fund (Cat I) · Curated list

Merak Ventures

Multi-stage · Climate & Clean energy · New Delhi

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Contact on file — shared on accepted request

At a glance

Stage focus: Multi-stage
Primary sector: Climate & Clean energy
City: New Delhi
HQ / office: HNO-MN02, Hub and Oak, LGF E-14, Defence Colony, New Delhi - 110024, India (also a Singapore office: Capital Square, Level 07, 23 Church Street, Singapore 049481)
Fund registered: 2023
Investments on record: 23
Corpus (as reported): ~USD 100 million maiden fund target (reported at 2022 launch); SEBI Category I AIF Reg. No. IN/AIF1/23-24/1262
Website: merakventures.com
LinkedIn: Profile ↗

About

Merak Ventures is an India-focused early-stage (pre-seed/seed) venture capital fund publicly launched in 2022, registered as a SEBI Category I AIF and managed by Merak Ventures Fund Manager LLP. It was co-founded by Managing Partners Manu Rikhye and Sheetal Bahl, who previously (and reportedly continued to) manage growX Ventures Fund I. The firm backs B2B and emerging-technology startups with operations or strong ties in India, positioning itself as a hands-on partner. First cheques are typically USD 0.5–1.5M with follow-on capacity.

Investment focus

Pre-Seed / Seed (occasionally Pre-Series A); India-focused, B2B and emerging technologies, broadly sector-agnostic (climate tech, insurtech, enterprise SaaS, deep tech). Initial cheque ~USD 0.5–1.5M (sweet spot ~USD 0.75–1M), follow-on up to ~USD 5M.

Cheque size

USD 0.5-1.5M first cheque (sweet spot ~USD 1M); follow-on up to USD 5M

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category I — Venture capital — reported as “Seed / early-stage VC (Category I AIF) / Cat I”

IN/AIF1/23-24/1262

SIDBI Fund of Funds

On the SIDBI FFS list

Funds: Merak Ventures Fund I

Yes — on official SIDBI FFS supported-AIF list (Merak Ventures Fund I)

Notable portfolio

Cynlr (CynLr); Zuddl; Progcap; RACEnergy; Meddo (now Uncover); CredResolve; 4baseCare; Cosmofeed; SatLeo Labs; Rupyz

Team & organisation

~11 people incl. ~3 partners (founders Manu Rikhye, Sheetal Bahl)

LLP-managed Category I AIF (Merak Ventures Fund Manager LLP; SEBI Reg. IN/AIF1/23-24/1262); pre-seed/seed VC fund

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Frequently asked

What does Merak Ventures invest in?: Pre-Seed / Seed (occasionally Pre-Series A); India-focused, B2B and emerging technologies, broadly sector-agnostic (climate tech, insurtech, enterprise SaaS, deep tech). Initial cheque ~USD 0.5–1.5M (sweet spot ~USD 0.75–1M), follow-on up to ~USD 5M.
What cheque size does Merak Ventures write?: As compiled from public sources: USD 0.5-1.5M first cheque (sweet spot ~USD 1M); follow-on up to USD 5M
How do I pitch Merak Ventures 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

⚑ Private firm — clean. Founders Manu Rikhye and Sheetal Bahl previously ran growX Ventures (Fund I), so some third-party databases conflate the two — lineage, not a name collision. Third-party scraper sites (RocketReach, ZoomInfo, success.ai) publish guessed '[contact on file]' personal emails — NOT used; only the official site's published info@ address is reported. Firm has a Singapore fund-manager entity in addition to its India operations. Note: launch announced Aug 2022 but SEBI AIF reg. number is FY2023-24 — minor date nuance, not a discrepancy.

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://merakventures.com; https://tracxn.com/d/venture-capital/merak-ventures/__Jkp9ZxAOj8H9a-wP_rRJWMzdJ0dI71MYLd2cNHvc26Y