VC firm AJVC closes maiden fund at Rs 165 Cr

AJVC, an early-stage venture capital firm founded by Aviral Bhatnagar, has raised Rs 165 crore for its maiden fund against an initial target of Rs 100 crore.

Launched in August last year, the fund has already invested in 25 startups spanning AI, B2B, consumer brands, and consumer tech.

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The fund, backed mainly by domestic capital, includes Indian family offices, unicorn founders and senior executives from major investment firms as LPs. It launched in September last year and achieved its first close in November.

“We are deeply grateful to our LPs for their trust. The fund was significantly oversubscribed, but we chose to remain disciplined, closing at nearly Rs 165 crore. India is witnessing an unprecedented wave of first-time entrepreneurs. Meeting their ambition requires venture capital to operate at an entirely new velocity,” said Bhatnagar.

“At ajvc, we are building a new-age investment firm, where technology powers deeper diligence, smoother fundraising, and scalable support. Our vision is simple: to back hundreds of founders while staying uncompromisingly founder-first,” the founder added.

Bhatnagar shared that AJVC’s portfolio spans 25 startups—40% in AI, 30% in consumer tech, 20% in consumer brands, and the rest in B2B platforms. Its investments include Mithila Foods (Rs 3 Cr annual revenue), jewellery brand Nuyug, Chop Finance (AI for finance), and TruFides (AI for compliance and fraud detection).

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Along with funding, AJVC supports its portfolio companies with a strong network, resources worth Rs 4 crore, and community-driven programs designed to unlock new customers and provide peer support.

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