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Bharat Innovation Fund

First Floor, IIMA Ventures Building, IIMA New Campus, Ahmedabad, Gujarat, 380015, India

Overview

Early-stage capital and support for transformative Indian entrepreneurs.

Founded

2017

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

India
United States

Sector focus

Venture Capital

Investment portfolio

18rounds
NAMEDATESIZE
Zumutor Biologics
Jun 2026Participated
$7 MSeries B
Clodura.AI
Jun 2024Led
$2 MSeries A
Portl
May 2024Led
$3 MOther Equity
ClaimBuddy
Apr 2024Led
$5 MSeries A
Algorithmic Biologics
Feb 2024Led
$3 MSeries A
Data Sutram
Sep 2023Led
$3 MSeries A
Entropik
Feb 2023Participated
$25 MSeries B
Human Edge
Aug 2022Led
$2 MOther Equity
Detect Technologies
Jul 2022Participated
$28 MSeries B
Kaleidofin
Jan 2022Participated
$10 MSeries B
Zumutor Biologics
Dec 2021Led
$6 MSeries A
Detect Technologies
Jun 2021Participated
$12 MOther Equity
Zumutor Biologics
Jun 2026Participated
$7 MSeries B
Clodura.AI
Jun 2024Led
$2 MSeries A
Portl
May 2024Led
$3 MOther Equity
ClaimBuddy
Apr 2024Led
$5 MSeries A
Algorithmic Biologics
Feb 2024Led
$3 MSeries A
Data Sutram
Sep 2023Led
$3 MSeries A
Entropik
Feb 2023Participated
$25 MSeries B
Human Edge
Aug 2022Led
$2 MOther Equity
Detect Technologies
Jul 2022Participated
$28 MSeries B
Kaleidofin
Jan 2022Participated
$10 MSeries B
Zumutor Biologics
Dec 2021Led
$6 MSeries A
Detect Technologies
Jun 2021Participated
$12 MOther Equity
18
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Insights

Time horizon

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Deal Distribution

Bharat Innovation Fund: 18 funding rounds are recorded in the selected participation categories.All available history.
Bharat Innovation Fund: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A71
Series B05
Other Equity31

Monthly Deal Activity

Bharat Innovation Fund: 18 deals are recorded across 94 months.All available history.
Bharat Innovation Fund: 18 deals are recorded across 94 months. All available history
MonthDeals
Jan '191
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '191
Aug '190
Sep '190
Oct '190
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '241
May '241
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Bharat Innovation Fund: Health & Life Sciences is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Bharat Innovation Fund: Health & Life Sciences is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Health & Life Sciences7
AI & Machine Learning6
Consumer & Lifestyle4
Fintech4
Enterprise Software4
Education & Workforce3
Media & Entertainment3
AR/VR3
Space & Frontier Tech3
Marketing & Advertising2
Professional Services2
Data, Analytics & IT2
Networks, Cloud & Communication1

Deal Size Distribution

Bharat Innovation Fund: 18 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Bharat Innovation Fund: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M4
$10M-$25M3
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Bharat Innovation Fund: India has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Bharat Innovation Fund: India has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
India15
United States3
Bharat Innovation Fund: 20 co-investors are shown, with Accel sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Bharat Innovation Fund: 20 co-investors are shown, with Accel sharing 5 recorded deals. All available history
Co-investorShared deals
Accel5
Chiratae Ventures4
Axilor Ventures2
BlueHill Capital2
Elevation Capital2
Alteria Capital1
Athera Venture Partners1
Bessemer Venture Partners1
Blume Ventures1
CAC Capital1
Flourish Ventures1
Force Ventures1
IIFL1
Inflexor Ventures1
Inventus Capital1
Inventus Capital Partners1
Lead Angels1
Lightspeed Venture Partners1
Malpani Ventures1
Michael & Susan Dell Foundation1

Investment Strategy

Bharat Innovation Fund: Led accounts for 56% and participating for 44% of round participation.All available history.
Bharat Innovation Fund: Led accounts for 56% and participating for 44% of round participation. All available history
CategoryDeals (count)Share (%)
Led1056%
Participating844%
Bharat Innovation Fund: Single-lead accounts for 70% and co-led for 30% of lead dynamics.All available history.
Bharat Innovation Fund: Single-lead accounts for 70% and co-led for 30% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead770%
Co-led330%

Team

Ashwin Raguraman

Founding Partner

Kunal Upadhyay

Managing Partner

Saras Agarwal

Principal

Shyam Menon

Partner & Co-founder