How do I pitch SucSEED Indovation 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.

Angel fund (Cat I) · Curated list

SucSEED Indovation

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

Pitch this investor Request an intro

Contact on file — shared on accepted request

At a glance

Stage focus: Multi-stage
Primary sector: Deep Tech (AI/ML/Robotics)
City: Hyderabad
HQ / office: CIE at IIITH, OJAS MedTech, Vindhya C4, IIIT Hyderabad, Gachibowli, Hyderabad - 500032, Telangana, India (legal entity: SucSEED Indovation Ventures LLP). A GIFT City / GIFT SEZ, Gandhinagar, Gujarat office is listed for the Growth Fund as pending regulatory approval.
Fund registered: 2020
Investments on record: 70
Corpus (as reported): Originally registered as an INR 100 Crore SEBI Category-I AIF Angel Fund (2020). Now operates a two-fund structure: SIF — Indovation Fund (INR 300 Crore, seed to pre-Series A) and SIG — Growth Fund (USD 100 Mn, pre-Series A to Series B, GIFT City, first close expected 2026). Portfolio gross value reported by the firm/secondary sources at ~INR 14,121 crore (~USD 1.7bn) as of end-2025 (reported — confirm independently).
Website: sucseedindovation.com
LinkedIn: Profile ↗

About

SucSEED Indovation is a Hyderabad-based angel network and SEBI-registered Category-I AIF Angel Fund backing early-stage, deep-tech Indian startups; it began as SucSEED Venture Partners in 2016 and received its SEBI angel-fund registration in 2020 (initially INR 100 Cr). It now runs two vehicles — the INR 300 Cr Indovation Fund (seed to pre-Series A) and a USD 100 Mn Growth Fund (pre-Series A to Series B, GIFT City). It is run by co-founder and managing partner Vikrant Varshney (ex-HSBC Chief Security & Fraud Risk Officer) alongside co-founders J.A. Chowdary (ex-PortalPlayer; former Govt of Andhra Pradesh IT advisor) and a third co-founder (cited as Dhiraj Kumar Sinha / Lax Chepuri across sources), with mentor-investors providing capital and hands-on support. The firm invests at seed to pre-Series A across EdTech, FinTech, HealthTech, Enterprise SaaS, Security/RegTech and the digital economy.

Investment focus

Stage: early-stage — seed to pre-Series A (Indovation Fund); pre-Series A to Series B (Growth Fund). Sectors: deep-tech across EdTech, FinTech, HealthTech/MedTech, Enterprise SaaS & B2B, Security & RegTech, Digital Economy, AI/ML, AgriTech, Gaming/MediaTech/SportsTech, PropTech.

Cheque size

Average seed cheque ~$688K; SIF (Indovation Fund) invests Seed to pre-Series A; SIG (Growth Fund) invests pre-Series A to Series B.

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category I — Angel fund — reported as “Angel network / SEBI-registered Category-I AIF Angel Fund (early-stage VC) / Cat I”

IN/AIF1/20-21/0824

SIDBI Fund of Funds

None found as a direct fund LP — but note government ecosystem linkage: SucSEED partners with CIE-IIITH (a Government-supported incubator at IIIT Hyderabad) for deeptech co-investment, and its Gaming Fund co-invested alongside STPI (Ministry of Electronics & IT, GoI) IMAGE CoE cohort; co-founder J.A. Chowdary is former IT Advisor to the Govt of Andhra Pradesh. These are co-investment/partnership ties, not evidenced SIDBI FFS or a government FoF commitment into the fund.

Notable portfolio

Strobes Security; Tinkerly; Stockal; Eunimart; Spintly; OckyPocky; i2iFunding; Kenyt; Suraasa; TruScholar

Team & organisation

Founded by three managing partners — Vikrant Varshney, J.A. Chowdary, and Lax Chepuri — plus an angel-network/investment team; small core GP team (~3 partners).

SEBI-registered Category-I AIF Angel Fund (early-stage VC), Hyderabad-based, with an associated angel network. Multi-fund: SIF — SucSEED Indovation Fund (INR ~300 Cr) and SIG — SucSEED Indovation Growth Fund (~$100M target).

Connect through iHub India

Open a funding round and send a structured pitch from this profile. It's recorded now and delivered the moment this investor joins iHub India; if they accept, contact details are shared and the conversation moves into a tracked deal room.

Raising a round? Send a funding pitch with your traction — an acceptance opens a tracked deal room. Mentors, incubators, corporates and students can request an intro instead.

Pitch this investor Request an intro Create a free account

Work at SucSEED Indovation? Claim this profile to keep it current and receive pitches directly.

Frequently asked

What does SucSEED Indovation invest in?: Stage: early-stage — seed to pre-Series A (Indovation Fund); pre-Series A to Series B (Growth Fund). Sectors: deep-tech across EdTech, FinTech, HealthTech/MedTech, Enterprise SaaS & B2B, Security & RegTech, Digital Economy, AI/ML, AgriTech, Gaming/MediaTech/SportsTech, PropTech.
What cheque size does SucSEED Indovation write?: As compiled from public sources: Average seed cheque ~$688K; SIF (Indovation Fund) invests Seed to pre-Series A; SIG (Growth Fund) invests pre-Series A to Series B.
How do I pitch SucSEED Indovation 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.

Similar investors

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

Angel fund (Cat I)

1Funds Trust

Multi-stage · Pharma & Life sciences · Mumbai

Pre-seed to Series A+ stage; specific cheque size not disclosedContact 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 II)

3one4 Capital

Multi-stage · IT / SaaS / Enterprise Software · Bengaluru

Early-stage seed to Series A; firm does not publish exact cheque range 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 Multi-stage investors →

About this record

⚑ HQ OUTSIDE UP (Hyderabad, Telangana) — no UP focus. Two live domains for the same firm: primary sucseedindovation.com (Cloudflare-protected; blocks automated WebFetch with 403 but is verifiably live — it hosts the firm's own press releases, e.g. PR_SIF_Strobes_Oct2021.pdf) and the newer sister/transition site sucseed-indovation.com (same LLP, same Hyderabad address, same [contact on file] email). Also branded as "SucSEED Ventures" / "SucSEED Venture Partners" / legal entity "SucSEED Indovation Ventures LLP" — naming variants, not collisions. Co-founder J.A. Chowdary is a former Govt of Andhra Pradesh IT advisor, but the fund is a PRIVATE, mentor-investor-sponsored AIF (CIE@IIIT-H is an incubator association, not govt/DFI/public-university ownership). Third-party scraper sites (ContactOut etc.) publish a guessed {first_initial}{last}@sucseed-indovation.com pattern — NOT used here. AUM updated: the "INR 100 Cr" is the 2020 original registration; current structure is INR 300 Cr + USD 100 Mn. The ~INR 14,121 cr portfolio value and 30+ exits are firm/media-reported figures — confirm independently.

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.prnewswire.com/in/news-releases/sucseed-indovation-fund-registers-a-venture-capital-angel-fund-with-sebi-880364974.html; https://india.entrepreneur.com/growth-strategies/cie-iiith-partners-with-sucseed-indovation-fund-to-invest/373823