Silverneedle Ventures

Stage focus

Seed

Primary sector

Deep Tech (AI/ML/Robotics)

City

Hyderabad

HQ / office

T-Hub, Hyderabad, Telangana, India. Fuller address reported by third parties: T-Hub 2.0, 20 Inorbit Mall Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081.

Fund registered

2022

Investments on record

29

Corpus (as reported)

Maiden fund ~INR 100 crore (~USD 12-15 million), launched Oct 2022, targeting ~30 startups (Fund I; founders cite ~18 core bets with ~30% reserved for follow-on). A larger deeptech "SilverX" fund of ~INR 800 cr / ~USD 95M is reported by multiple third parties (Tracxn, superscout) but is NOT independently confirmed on the firm's own rendered site — confirm before citing.

Website

silverneedle.vc

Silverneedle Ventures is a Hyderabad-based early-stage (seed/Series A) venture capital firm founded in 2022 by Ajay Jain and Deepesh Agarwal (formerly of advisory firm Xseed Partners), registered as a SEBI Alternative Investment Fund, with a first-cheque "conviction-first" thesis focused on deeptech, enterprise SaaS, fintech and AI. It launched a maiden ~INR 100 crore (~USD 12-15M) fund in October 2022 targeting roughly 30 startups. Per the firm's team page, partners include Ajay Jain (Managing Partner), Deepesh Agarwal (Partner), Sanjay Rastogi (Partner) and Abishek Balendran (Investment Partner). Portfolio participation independently confirmed in Dhruva Space (Series A, via Dhruva's own announcement), OnFinance AI (seed, co-led with IAN, per IAN Group press release), BrainSight AI ($5M pre-Series A, per Entrackr) and Makers Hive.

Stage: Seed and Series A (first-cheque / pre-Series A to Series A); cheque size ~INR 1-5 Cr. Sectors: Deeptech, Enterprise SaaS, AI/GenAI, plus consumer tech, fintech, healthtech, spacetech, legaltech, IoT, creator economy, D2C and sustainability. "India-first, global ambition" thesis.

INR 1-6 Cr (typical first cheque ~USD 250K), Pre-Series A / Series A

As compiled from public sources — verify with the investor.

Registration category not stated — reported as “Seed / micro-VC (SEBI-registered AIF, early-stage)”

None found

Dhruva Space; OnFinance AI; BrainSight AI; Makers Hive; SuperK; Disprz; Zvolv; Hypergro; Doqfy; Samaaro; VoiceOwl; Knorish; Lawcubator; VAMA

~14 people incl. 4 partners; Founder & Managing Partner Ajay Jain

SEBI-registered AIF, early-stage/micro-VC (founded 2022), HQ T-Hub 2.0, Madhapur, Hyderabad; SilverX/deep-tech fund announced

What does Silverneedle Ventures invest in?

Stage: Seed and Series A (first-cheque / pre-Series A to Series A); cheque size ~INR 1-5 Cr. Sectors: Deeptech, Enterprise SaaS, AI/GenAI, plus consumer tech, fintech, healthtech, spacetech, legaltech, IoT, creator economy, D2C and sustainability. "India-first, global ambition" thesis.

What cheque size does Silverneedle Ventures write?

As compiled from public sources: INR 1-6 Cr (typical first cheque ~USD 250K), Pre-Series A / Series A

How do I pitch Silverneedle 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)

100Unicorns

Multi-stage · Deep Tech (AI/ML/Robotics) · Mumbai

INR 3-5 Cr initial cheque at pre-seed/seed with follow-on capacitySIDBI FFSContact 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 II)

3IPARTNERS FUND

Multi-stage · Deep Tech (AI/ML/Robotics) · Bengaluru

USD 150k-1M (INR ~1-8 Cr) per startup for 5-15% stake; pre-seed/seed/pre-Series AContact 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

All Seed investors →

• ⚑ Email caution: [contact on file] is reported by aggregators (superscout) and the original record, but the firm's site is a JS single-page app (Vite) whose /contact/ and /portfolio/ sub-pages return HTTP 404 to non-JS clients, so the email could NOT be independently re-confirmed on the rendered official site during this review — confidence downgraded to "Reported — confirm." Name-collision caution: distinct from unrelated "Silverneedle Hospitality" (hotels) and other "Silver Needle" entities. The firm also appears to use a second domain snv.vc. PRIVATE firm (SEBI-registered AIF), not a government/DFI vehicle — its registered office merely sits inside T-Hub, a Telangana-government-backed incubator (location/ecosystem, not ownership). Reported larger "SilverX"/INR 800 cr deeptech fund appears only on third-party sites, not independently confirmed on the official site — verify before official use. Aggregator exit counts conflict.

Compiled from 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://tracxn.com/d/venture-capital/silverneedle-ventures/__2fis2Ts6-XaOjdE0MJjSEdYDi9MMQuqd96m6uqc5Of0; https://inc42.com/buzz/silverneedle-ventures-founds-12-mn-fund-to-invest-in-30-early-stage-startups/