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VC fund (Cat II) · Curated list

Shastra VC

Multi-stage · SpaceTech & Defence · Bengaluru

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Contact on file — shared on accepted request

At a glance

Stage focus: Multi-stage
Primary sector: SpaceTech & Defence
City: Bengaluru
HQ / office: Bengaluru, Karnataka, India (city-level only; firm has IIT Madras Research Park, Chennai ties). No full street address is published on the official site.
Fund registered: 2022
Investments on record: 35
Corpus (as reported): ~$60M+ AUM across first two funds (Fund I AIF Cat I; Fund II AIF Cat II); ~$50–55M deployed across 30+ startups with $80M+ in follow-on raised. In ~May 2026 the firm launched a third fund of $100M (₹963 cr) targeting AI/deeptech/space/defence — this materially increases total AUM beyond the $60M figure on the older site copy.
Website: shastra.vc
LinkedIn: Profile ↗

About

Shastra VC is an Indian early-stage venture capital firm (founded 2022, Bengaluru; formerly branded "Veda VC"/Veda Venture) investing at the pre-seed to Series A "belief stage" in frontier/deep tech, climate/renewable tech, space/defence and AI. It is managed by VVC Management LLP and runs SEBI-registered AIFs (Fund I: IN/AIF1/22-23/1155; Fund II: IN/AIF/24-25/1498), and in ~May 2026 announced a new $100M fund. Managing Partners are Vasant Rao and Avijeet Alagathi, with Ashis Nayak as Founding Partner; Rao and Nayak earlier co-founded Autoninja (acquired by ICICI Lombard) and Alagathi founded BYG (acquired by Curefit). The team draws on deep-tech operating/investing experience and ties to IIT research ecosystems.

Investment focus

Stage: Pre-seed to Series A and beyond ("belief stage"). Ticket sizes revised upward with the new fund to ~$500K–$3M (earlier funds were ~$250K–$1.5M). Sectors: deep/frontier tech (space/defence tech, semiconductors, advanced manufacturing, robotics, biotech, quantum), climate/renewable/clean tech, and AI/ML & SaaS.

Cheque size

USD 500K-3M (per Fund III launch); IP/deeptech-led startups, seed to Series A and beyond

As compiled from public sources — verify with the investor.

SEBI registration

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

IN/AIF1/22-23/1155
IN/AIF2/24-25/1498

SIDBI Fund of Funds

None found

Notable portfolio

Alt Carbon; Simplismart; SISIR Radar; Avammune Therapeutics; Agnit Semiconductors; InspeCity; Sanlayan; International Battery Company

Team & organisation

~11 core team incl. 2 Managing Partners, 1 Founding Partner, 1 Principal (~4-5 senior investment professionals)

LLP-managed (VVC Management LLP), multi-fund: Fund I Category I AIF (IN/AIF1/22-23/1155) and Fund II Category II AIF (IN/AIF/24-25/1498); Fund III being raised.

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Frequently asked

What does Shastra VC invest in?: Stage: Pre-seed to Series A and beyond ("belief stage"). Ticket sizes revised upward with the new fund to ~$500K–$3M (earlier funds were ~$250K–$1.5M). Sectors: deep/frontier tech (space/defence tech, semiconductors, advanced manufacturing, robotics, biotech, quantum), climate/renewable/clean tech, and AI/ML & SaaS.
What cheque size does Shastra VC write?: As compiled from public sources: USD 500K-3M (per Fund III launch); IP/deeptech-led startups, seed to Series A and beyond
How do I pitch Shastra VC 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 AIF confirmed (fund manager VVC Management LLP; SEBI AIF Cat I & II reg. numbers) — NOT a government/DFI/university vehicle. REBRAND: firm was formerly "Veda VC"/Veda Venture before becoming Shastra VC (relevant for name-matching against older deal records). AUM in record is stale — a new $100M fund launched ~May 2026 raises total AUM above the $60M figure. Minor: one source (Inc42) lists founding year as 2020, but 2022 is consistently confirmed elsewhere; no full street address published on official site.

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.shastra.vc/; https://inc42.com/buzz/shastra-vc-launches-100-mn-fund-to-back-deeptech-startups/