New fund · Enterprise Software & IT

Equirus InnovateX closes maiden fund at ₹166 crore

By Startup Enthusiast · 17 February 2026

What they do

The SEBI-registered Category I AIF focuses on Seed and Pre-Series A B2B tech startups

It has deployed over one-third of its corpus into seven startups

The fund plans to deploy remaining capital in 12-18 months

Equirus InnovateX Fund announced the final close of its maiden B2B tech fund at ₹166 crore.
The fund had its initial close in February 2024.
It has deployed over one-third of its corpus into seven startups.
The fund is a SEBI-registered Category I AIF (alternative investment fund).
It focuses on Seed and Pre-Series A stages in B2B tech.
The fund is led by Krishna Jha, Sunder Nookala, and Sadhika Agarwal.
Investors include domestic and global investors, including industry operators and founders.

The fund targets companies with past product development that are navigating toward Product-Market Fit.
Its investment pillars are Deep Tech, SaaS, and Fintech.
The fund plans a final portfolio of roughly 15 companies.
It aims to deploy remaining capital in the next 12 to 18 months.
Future plans include scaling current investments and launching a successor fund.

Equirus InnovateX Fund is a venture capital fund focused on B2B tech startups.
It invests at Seed and Pre-Series A stages.
The fund targets companies with past product development and a path to Product-Market Fit.
Its investment pillars are Deep Tech, SaaS, and Fintech.
Portfolio companies include Pointo, Datazip, GreenStitch, CtrlB, Consuma AI, RSPL, and NeverInstall.
The fund provides market access, operational support, and future funding preparation to portfolio companies.
It is a SEBI-registered Category I AIF.