Avaana Capital
Description
Avaana Capital is a venture capital firm that aims to support future market leaders who are leveraging tech-led innovation to catalyze climate solutions and sustainability and deliver exponential returns. Having a team with a lot of experience in investing, growing businesses, and promoting sustainability, Avaana Capital leverages its connections to work with partners in different areas like technology, corporations, government, education, and funding to help their startups succeed and make a big impact on climate and sustainability.
Being part of a growing digital and innovation network, the firm works closely with large corporations and has strong connections with policymakers and experts in academia for guidance. The firm focuses on sectors like Energy and Resource Management, Mobility and Supply Chains, Sustainable Agriculture, and Food Systems.
The firm is currently securing investments for its fund named Avaana Capital and Sustainability Fund with a target total corpus of $100-$125 million. The LP base for the fund consists of the Small Industries Development Bank of India (SIDBI), the Self Reliant India (SRI) Fund, the UK India Development Cooperation Fund (UKIDCF), and marquee corporates such as Godrej Group, Murugappa, Torrent, Tsadik, and Bellerive Capital, among others.
Being India's first and largest climate tech VC, it focuses on companies that are in the early stage of development and has ticket sizes ranging from $1 million to $2 million. Some of the remarkable startups featured in the company's portfolio are Eeki Foods, Aerem, Kazam, FarMart, Ninety One 91, Turno, Ninety-One, Climes, Praan, and Eggoz Nutrition, among many others.