New fund · Professional & Local Services

Rajiv Raghunandan launches Arali Ventures with Rs 43 crore

By Startup Enthusiast · 10 June 2026

What they do

Arali Ventures is a venture capital firm investing in deep-tech and enterprise-tech startups

Rajiv Raghunandan, a former Infosys executive, launched Arali Ventures with Rs 43 crore to back early-stage companies

The firm sees growing opportunities in HealthTech, Industrial Tech, and Physical AI in India

Rajiv has over two decades of experience in finance, consulting, enterprise technology, operations, and venture investing.
He began his career in finance, moved to consulting, and spent over a decade at Infosys in sales, operations, solutions, and business leadership.
After Infosys, he worked at a fintech startup and then co-founded a boutique advisory and investment banking firm for startups.
Arali Ventures sees excitement in HealthTech, Industrial Tech, and Physical AI.
The firm has backed robotics companies including CynLr, Jidoka, Unbox Robotics, Harvested Robotics, and Flo Mobility.
Rajiv believes vertical robotics for specific industrial applications will create substantial value in India.

India's deep-tech and enterprise-tech ecosystem had limited investor attention around 2015, with most VC flowing to consumer internet and e-commerce.
The shift in the ecosystem is attributed to a maturing talent pool, increased capital availability, and enterprise willingness to innovate.
Professionals from Google, Microsoft, Amazon, Adobe, Cisco, Freshworks, Zoho, InMobi, and Flipkart are becoming entrepreneurs.
Enterprises in manufacturing, financial services, healthcare, and energy are now actively collaborating with startups.
Broader industrial technology remains under-invested despite long-term potential.

Arali Ventures is a venture capital firm investing in early-stage deep-tech and enterprise-tech startups in India.
The firm focuses on core sectors but sees particular excitement in HealthTech, Industrial Tech, and Physical AI.
HealthTech includes medical tech, biotech, and life sciences, where the quality of entrepreneurs has improved.
Industrial tech and Physical AI involve the convergence of AI, robotics, sensors, computer vision, and affordable hardware.
The firm has backed robotics companies such as CynLr, Jidoka, Unbox Robotics, Harvested Robotics, and Flo Mobility.
Factors driving industrial robotics growth include skilled labor shortages, demand for predictable productivity, enterprise digitization, falling hardware costs, and AI model improvements.

The firm believes vertical robotics for specific industrial applications will create substantial value in the Indian market.