Pravega Ventures

Stage focus

Seed

Primary sector

Fintech

City

Bengaluru

HQ / office

Bengaluru, India (reported: 164, 3rd Floor, 9th Main Rd, Sector 6, HSR Layout, Bengaluru 560102) — also reported offices/presence in New Delhi/Gurgaon and Mumbai. Address not confirmable on the firm's own site (contact/team pages return HTTP 403, Cloudflare bot-protection), so treat the street address as reported, not site-verified.

Fund registered

2016

Investments on record

38

Corpus (as reported)

Not verified to an exact figure. Firm runs two funds — Pravega Ventures Fund I and Fund II — with British International Investment (BII, UK DFI) as a limited partner (sole LP of Fund I; LP/anchor in Fund II; reportedly in talks to anchor a Fund III). No reliably sourced total AUM / Fund II close figure was confirmable; do not cite a number without confirming.

Website

pravegavc.com

LinkedIn

Profile ↗

Pravega Ventures is an Indian early-stage (seed / pre-Series A) venture capital firm founded in 2016 by Mukul Singhal and Rohit Jain, both former early-stage investors at SAIF Partners (now Elevation Capital); Vinay Menon is also listed as a co-founder/partner. It backs scalable, technology-enabled / B2B startups in India, concentrated in FinTech and enterprise software/SaaS, and operates from Bengaluru. The firm runs two funds (Fund I and Fund II), with UK development-finance institution British International Investment (BII) as a limited partner in both (sole LP of Fund I).

Stage: Seed and pre-Series A early-stage (often first institutional capital). Sector: technology-enabled / B2B businesses in India, with heaviest concentration in FinTech (~15 investments) and Enterprise Applications/SaaS (~11 investments); also Consumer. Fund II thesis emphasizes financial services and enterprise software for MSMEs.

Fund I typical USD 0.25M-1M; firm-level range ~USD 1M-5M; seed / pre-Series A

As compiled from public sources — verify with the investor.

SEBI AIF Category I — Venture capital — reported as “Seed / early-stage (pre-Series A) venture capital (micro/early VC) / Cat I/Cat II”

• IN/AIF1/16-17/0238
• IN/AIF2/20-21/0851
• IN/AIF2/24-25/1647

Yes — British International Investment (BII, formerly CDC Group; UK Government's development finance institution) is the anchor/sole LP of Pravega Ventures Fund I and also committed to Fund II. (DFI/government LP, not SIDBI FFS.)

Innovaccer (healthcare data platform; became a unicorn in 2021); Fyle (expense management SaaS; acquired by Sage, Aug 2025); GreyAtom (edtech; acquired); Cityflo (bus commute mobility); Crofarm (agri supply chain; parent of Otipy); GyanDhan (education-financing platform); Flexmoney (fintech / consumer credit infrastructure); Cashinvoice (supply-chain finance)

~18 people incl. 4 partners (founders Mukul Singhal & Rohit Jain); offices in India & Japan

Early-stage (seed/pre-Series A) VC, SEBI AIF; multi-fund (Fund I 2020 vintage + Fund II); Bengaluru (also Gurgaon/Mumbai)

What does Pravega Ventures invest in?

Stage: Seed and pre-Series A early-stage (often first institutional capital). Sector: technology-enabled / B2B businesses in India, with heaviest concentration in FinTech (~15 investments) and Enterprise Applications/SaaS (~11 investments); also Consumer. Fund II thesis emphasizes financial services and enterprise software for MSMEs.

What cheque size does Pravega Ventures write?

As compiled from public sources: Fund I typical USD 0.25M-1M; firm-level range ~USD 1M-5M; seed / pre-Series A

How do I pitch Pravega 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 II)

021 Capital Trust

Seed · IT / SaaS / Enterprise Software · Bengaluru

USD ~1 Mn (below USD 1 Mn per cheque; up to USD 2 Mn reported for earlier fund); INR ~8-16 CrContact on file

VC fund (Cat II)

247VC Investment Trust

Seed · Deep Tech (AI/ML/Robotics) · Mumbai

INR 4-5 Cr at seed, with follow-on appetiteContact on file

VC fund (Cat I)

35North India Growth Fund Trust

Growth (Series C+) · Fintech · Mumbai

Approx USD 0.5-3M (INR ~3-20 Cr) per company; 8-10 companies targeted (per inc42 / fund reporting)Contact on file

VC fund (Cat I)

3ONE4CAPITAL TRUST

Seed · IT / SaaS / Enterprise Software · Bengaluru

Early-stage (seed to Series A); per-cheque range not disclosed on siteContact on file

VC fund (Cat I)

888vc Accelerator Fund

Seed · Deep Tech (AI/ML/Robotics) · Bengaluru

INR 2-4 Cr average; first cheques up to USD 500K (Seed to Pre-Series A)Contact on file

VC / investor (non-AIF or offshore)

8X Ventures

Seed · Deep Tech (AI/ML/Robotics) · Noida

Initial cheques INR 2-5 Cr each; up to ~INR 20 Cr total per startup including follow-ons (Fund II)Contact on file

All Seed investors →

• ⚑ Look-alike domain pravega.vc is NOT the firm's site — it redirects to an Afternic "domain for sale" parking page (confirmed); the real official site is pravegavc.com. EMAIL CAUTION: an address of the form [contact on file] surfaces only on third-party scraper sites (RocketReach, ContactOut, Adapt.io) and is NOT published on the firm's own pages, so it was not output. The firm's own contact/profile/team pages return HTTP 403 (Cloudflare/bot protection), so on-site verification of address/email/team was limited to the homepage. BII (a UK government-owned DFI) is a limited partner / fund investor, but Pravega itself is a PRIVATE VC firm — not a government/DFI/university vehicle. Some databases list Bengaluru vs New Delhi as HQ — minor inconsistency.

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://www.bii.co.uk/en/our-impact/fund/pravega-ventures-fund-i-investment-01/; https://www.bii.co.uk/en/our-impact/fund-header/pravega-ventures-fund-ii/