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The Venture Codex

Varanium Capital

1416, One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, 400013, India

Overview

Varanium Capital Advisors is a SEBI-registered portfolio management company that provides investment solutions to high networth individuals (HNI) and institutional clients, through customized investment products across a vast spectrum of traditional and alternate asset classes. Varanium Capital Advisors is an investment advisor to Varanium Asset Management. Varanium Asset Management offers US Dollar denominated investment opportunities across debt, equity, and structured notes through its funds to offshore investors. Varanium Capital Advisors was founded on 1990 and is headquartered in Mumbai, India.

Total investments
15
Lead investments
4
Investments · 12mo
3
Active investors
3

Sector focus

  • Advice
  • Asset Management
  • Consulting
  • Financial Services
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Investment portfolio

  • GetVantage

    Participated · Series A · Aug 2026

    Founded in 2020, GetVantage is a Mumbai-based B2B fintech platform that embeds seamless financing solutions into marketplaces, merchant ecosystems, and B2B ecommerce platforms via a plug-and-play API. The company underwrites businesses using alternate data and predictive analytics, focusing on actual cash flows to provide growth capital without equity dilution or heavy collateral. It targets India's estimated Rs 30 lakh crore MSME credit gap and partners with platforms, marketplaces, and logistics hubs to offer embedded financing to merchants. GetVantage has built committed funding capacity of over Rs 700 crore and is backed by investors including Chiratae Ventures, Varanium Fintech Fund, Sony Fund, InCred, and industry veterans. In 2024 it launched the Rs 100 crore Rise Up Fund for women entrepreneurs and the SaaS Accelerator Fund II to support B2B SaaS businesses. The company plans to scale its capital gateway, accelerate its AI-native capabilities, and announce strategic seller financing partnerships to expand its embedded finance footprint.

  • BiofuelCircle

    Participated · Debt Financing · Jul 2026

    BiofuelCircle operates a technology-driven digital marketplace and aggregation infrastructure that enables price discovery, logistics, quality assurance and trade facilitation for biomass and biofuels. The company links a network that spans 10 states, 800 villages, over 170,000 farmers, 1,300+ biomass suppliers and 400+ industrial buyers, and expanded its Biomass Bank network by 50 during FY26. BiofuelCircle positions itself to unlock value from agricultural residue while ensuring dependable biomass availability for industries pursuing cleaner fuels. The business has focused recent capital and operations on building aggregation and logistics capabilities and strengthening working capital to scale deliveries. Financially, it just raised a ₹35 crore bridge round from existing investors and is complementing that with additional working capital financing facilities. The company is preparing for a Series B as it seeks to deepen its role in India's bioenergy ecosystem and support the country's clean energy transition. BiofuelCircle was ranked 8th on LinkedIn's 2024 list of India's Top Startups.

  • Finfactor

    Participated · Series A · Dec 2025

    Finfactor is the parent company of Finvu Account Aggregator, a platform that enables secure data exchange for banks, insurers, stockbrokers, investment advisors, and other financial institutions. Through Finvu and its broader product suite, the company offers a multi-AA gateway, bank-statement analysis, loan-monitoring and collections tools, and wealth-management capabilities. These offerings are used by more than 150 BFSI clients, including HDFC Bank, Axis Bank, Motilal Oswal, Canara Bank, and CRED. Finfactor claims its infrastructure has helped serve over 50 million consumers to date and is supported by a team of more than 120 professionals. The company plans to use new capital to expand its product portfolio, deepen its analytics capabilities, and evolve into a full-stack technology provider for banks and other BFSI customers. Prior to the current raise, Finfactor secured $2.5 million in July 2022 from Varanium Nexgen Fund, IIFL, DMI Sparkle Fund, and others, indicating steady investor support for its growth trajectory.

  • Data Sutram

    Participated · Series A · May 2025

    Data Sutram offers an AI-powered platform (Trust Score) that leverages millions of digital footprints and alternative data sources to build real-time, 360-degree customer risk profiles. Its product is used to streamline customer onboarding and manage risk across the lifecycle of lending, payments, and insurance. The company serves clients in the banking, retail, and insurance sectors. Data Sutram plans to use its new funding to expand into cryptocurrency, real-time payments, gaming, e-commerce, and insurance, to enhance its AI capabilities, and to support international expansion into the Middle East and Southeast Asia. Founded in 2018 by Rajit Bhattacharya, Ankit Das, and Aisik Paul, the company is based in Mumbai, India. It raised a $9.0M Series A in May 2025. Data Sutram is a B2B SaaS platform that aggregates intelligence from more than 250 sources to help banks and financial-services companies make decisions across the customer lifecycle. Founded in 2019 by Rajit Bhattacharya, Ankit Das and Aisik Paul and headquartered in Mumbai, it focuses on answering questions on markets, consumers, businesses and risk. The platform blends GDPR-compliant data from multiple sources to address core banking challenges such as credit underwriting, fraud detection and collections. The company positions itself in the AI and SaaS-based local data platform category. Reported uses for new capital include improving product offerings and facilitating customer acquisition and financial-services use cases. Data Sutram provides an AI/ML-driven, cloud-based B2B data marketplace that aggregates location intelligence from over 250 data partners. Its proprietary engine converts unstructured sources such as satellites and mobile data into structured datasets. The company operates on a Data-as-a-Service model and serves retail, e-commerce and BFSI customers. Data Sutram is led by founders Rajit Bhattacharya, Lasik Paul and Ankit Das and is incorporated as Extrapolate Advisors Private Limited in Mumbai, Maharashtra. The startup will use new capital to expand operations into Southeast Asia and the Middle East and to invest in new data sources. As of February 2022 the company has raised $2.07M in the reported financing.

  • Easebuzz

    Participated · Series A · Apr 2025

    Easebuzz provides a digital payments and financial-operations platform with vertically integrated SaaS tools and embedded payment solutions. Its product offers plug-and-play APIs to manage payment acceptance, disbursements, connected banking, split payments, automated reconciliation, vendor payments, sub-merchant management, and refund processing. The platform serves sectors including education, real estate, BFSI, e-commerce, travel, and government, and counts clients such as Zepto, Bigbasket, Star Health Insurance, IRCTC, and Symbiosis University. Easebuzz plans to expand its vertical SaaS offerings and enhance its online payments infrastructure. The company is also developing an offline payments suite that includes POS devices and UPI Soundbox solutions. The recent financing will support these product expansions and go-to-market efforts.

Team