Enlighten Angel Fund Raises Rs 100 Cr Micro VC Fund

Enlighten Angel Fund, an early-stage startup fund, has raised ₹100 crore from Limited Partners (LPs) for its Fund 1 and received SEBI approval to operate as an Alternate Investment Fund (AIF) in the first week of December 2024.

The company announced that it is rebranding as Enlighten Capital to reflect its growth into a full-fledged micro VC fund. Enlighten Capital has also started fundraising for its ₹100 crore greenshoe option to support India’s emerging entrepreneurs further. 

The fund will focus on emerging technologies and disruptive startups, aligning with the country’s goals for innovation and sustainable development.

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Arvind Subramaniam, General Partner at Enlighten Capital, said, "Our focus is on sectors driving change – Emerging Technologies, Smart Manufacturing, Mobility and Fintech. These industries hold immense potential for growth and societal impact and we’re thrilled to support the bold innovators leading this charge."

Koushik Shekar, General Partner, said, "We believe in the transformative power of startups to shape the future of India.Through Enlighten Capital, we are dedicated to creating a positive impact in the ecosystem by supporting founders who are building solutions that matter."

Enlighten Capital is led by General Partners Koushik Shekar and Arvind Subramaniam, along with Partners Goutham Sekhar, Snehali Mansingh Khamkar, and Rohit Mohan. Koushik began his career in technology at Sutherland and CITI before moving into consulting and angel investing. Arvind Subramaniam, from Coimbatore, is an entrepreneur turned venture capitalist with an exit under his belt.

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