AJVC closes 1st Rs. 100 crore Fund to target the Pre-seed Funding Stage
In an effort to reach the pre-seed funding level in India, which he feels is still mostly unexplored in the third-largest startup ecosystem in the world, Aviral Bhatnagar's A Junior VC (AJVC) has completed its inaugural fund of Rs. 100 crore.
Prior to the Silicon Valley-based fund General Catalyst's acquisition of the company in June 2024, Bhatnagar was an investor in the early-stage investment firm Venture Highway. He stated that he would like to invest in 12 to 15 pre-seed stage companies annually in emerging industries like artificial intelligence (AI), as well as other popular technologies like consumer technology and software-as-a-service (SaaS).
According to Bhatnagar, the VC has been thinking about exercising the green shoe option because the sector-agnostic fund was oversubscribed beyond the target.
According to Bhatnagar, the fund's limited partners (LPs) are primarily Indian family offices, founders, high-net-worth individuals (HNIs), and executives from bigger investment companies or conglomerates. The fund's money pot is primarily composed of domestic resources, with only 10% coming from overseas investments.
“We are seriously considering exercising the greenshoe option given the overwhelming interest in the fund,” AJVC said.
Recently, Spacetech startup Sisir Radar has raised $1.5 Million in its seed funding round led by Shastra VC. The round also saw participation from Riverwalk Holdings and INVSTT.
The firm from Kolkata, which says it has constructed the first drone-borne synthetic aperture radar (SAR) system in India, will use the new funding to improve its manufacturing and research and development (R&D) capacities. By the end of 2026, it hopes to deploy the highest resolution L-band SAR satellite in the world.
Prior to the Silicon Valley-based fund General Catalyst's acquisition of the company in June 2024, Bhatnagar was an investor in the early-stage investment firm Venture Highway. He stated that he would like to invest in 12 to 15 pre-seed stage companies annually in emerging industries like artificial intelligence (AI), as well as other popular technologies like consumer technology and software-as-a-service (SaaS).
According to Bhatnagar, the VC has been thinking about exercising the green shoe option because the sector-agnostic fund was oversubscribed beyond the target.
According to Bhatnagar, the fund's limited partners (LPs) are primarily Indian family offices, founders, high-net-worth individuals (HNIs), and executives from bigger investment companies or conglomerates. The fund's money pot is primarily composed of domestic resources, with only 10% coming from overseas investments.
“We are seriously considering exercising the greenshoe option given the overwhelming interest in the fund,” AJVC said.
Recently, Spacetech startup Sisir Radar has raised $1.5 Million in its seed funding round led by Shastra VC. The round also saw participation from Riverwalk Holdings and INVSTT.
The firm from Kolkata, which says it has constructed the first drone-borne synthetic aperture radar (SAR) system in India, will use the new funding to improve its manufacturing and research and development (R&D) capacities. By the end of 2026, it hopes to deploy the highest resolution L-band SAR satellite in the world.
