Venture debt / Private credit · Curated list
Varanium NexGen
Debt / Venture debt · Private credit / Debt · Mumbai
At a glance
- Stage focus
- Debt / Venture debt
- Primary sector
- Private credit / Debt
- City
- Mumbai
- HQ / office
- 1416, One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra, India
- Fund registered
- 2014
- Investments on record
- 16
- Corpus (as reported)
- Varanium NexGen Fund (Cat-I AIF VC fund): final close ~Rs 140 crore (first close/target announced at up to Rs 200 cr), 2019-2021 vintage, SEBI-registered. Parent Varanium Group reports ~US$1 billion AUM across all strategies (multi-asset, not the VC fund alone). Maiden venture-debt fund first close ~Rs 250 crore (2023).
- Website
- varanium.vc
About
Varanium NexGen is the venture arm of Varanium Capital Advisors Pvt. Ltd., a Mumbai-based boutique multi-asset asset manager. It runs a SEBI Category-I AIF venture fund (final close ~Rs 140 cr) focused on early-stage Indian fintech, plus a venture-debt vehicle (first close ~Rs 250 cr, 2023). It is led by T. S. Anantakrishnan (Founder & Managing Partner) with Aparajit Bhandarkar as Partner; the family office of T.V. Mohandas Pai is reported as the fund's principal/sole LP.
Investment focus
Stage: Seed, Pre-Series A and Series A (plus a separate venture-debt vehicle). Sector: FinTech, Insurtech, cybersecurity and financial-services-enabling tech.
Cheque size
INR 1.5-7.5 Cr first cheque (plus follow-ons)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category III — reported as “Seed / early-stage micro-VC (SEBI Cat-I AIF, fintech-focused) / Cat I/Cat II/Cat III”
- IN/AIF3/14-15/0123
- IN/AIF2/19-20/0689
- IN/AIF1/19-20/0688
SIDBI Fund of Funds
None found (sole LP reported as Mohandas Pai; anchor + family offices/UHNIs/ex-bank CXOs — no SIDBI or govt LP evidence)
Notable portfolio
Homeville; Riskcovry; Easebuzz; Tartan; Drona Pay; Jify; Data Sutram; GetVantage; Finvu; Metafin
Team & organisation
Not disclosed (Varanium Capital Advisors investment team)
Category I AIF (Venture Capital Fund), fintech-focused, ~INR 150 Cr corpus, managed by Varanium Capital Advisors; part of Varanium Group (multi-asset, >USD 1 Bn AUM, also runs Cat I & II venture debt)
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Frequently asked
- What does Varanium NexGen invest in?
- Stage: Seed, Pre-Series A and Series A (plus a separate venture-debt vehicle). Sector: FinTech, Insurtech, cybersecurity and financial-services-enabling tech.
- What cheque size does Varanium NexGen write?
- As compiled from public sources: INR 1.5-7.5 Cr first cheque (plus follow-ons)
- How do I pitch Varanium NexGen 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
- ⚑ Email published is a general group support inbox ([contact on file]), not a deals/IR contact — confirm before outreach. Site uses two domains (varanium.vc for the VC fund, varaniumgroup.com for the parent); both are the same legitimate firm, not a name collision. The ~US$1bn AUM figure is parent-group-wide multi-asset, NOT the VC fund (fund final close ~Rs 140 cr) — do not conflate. The fund is a PRIVATE SEBI-registered AIF (LP: Mohandas Pai family office); no government/DFI ownership of the fund.
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://varanium.vc/; https://aifpms.com/investment/varanium-nexgen-fund/