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New fund · Professional & Local Services

Ashish Dave launches Sanskrit Capital, targets ₹1,000 crore fund for growth-stage startups

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Date
Company
Sanskrit Capital
What it does
venture capital firm
Kind
New fund
Amount
₹700 crore to ₹1,000 crore
Stage
early-stage
Founded
2026
Sector
Professional & Local Services

What they do

Sanskrit Capital is a venture capital firm targeting a maiden fund of ₹700 crore to ₹1,000 crore for growth-stage startups

What happened

The fund will focus on Series B and Series C startups that have achieved product-market fit and are entering the scaling phase

Why it matters

It plans to invest between ₹50 crore and ₹150 crore per company and is seeking support from domestic family offices, entrepreneurs, and startup founders

The details

  • Sanskrit Capital is a new venture capital firm launched by Ashish Dave, former CEO of Mirae Asset Venture Investments India.
  • Ashish Dave has spent years backing India’s most promising startups and is now launching Sanskrit Capital with a target fund size of ₹700 crore to ₹1,000 crore.
  • The firm will focus on Series B and Series C startups that have achieved product-market fit and are entering the scaling phase.
  • Sanskrit Capital is expected to operate as a single-GP (general partner) fund and is close to receiving Sebi approval as an Alternative Investment Fund (AIF).
  • The fund is likely to draw support from domestic family offices, entrepreneurs, and startup founders.
  • It plans to write investment cheques ranging between ₹50 crore and ₹150 crore, with capital reserved for follow-on investments in high-conviction companies.
  • The fund will be sector-agnostic, but will prioritize opportunities in fintech, consumer internet, logistics, healthcare, and enterprise AI.

The bigger picture

  • The launch of Sanskrit Capital comes at a time when several seasoned venture investors are setting up independent firms.
  • India’s startup ecosystem is growing rapidly, with over 2.23 lakh DPIIT-recognised startups, including 129 unicorns.
  • The fund reflects growing confidence in India’s startup ecosystem, with investors increasingly supporting companies with proven business models and clear paths to scale.

About the business

  • Sanskrit Capital is a venture capital firm focused on growth-stage startups.
  • It invests in Series B and Series C startups that have achieved product-market fit and are entering the scaling phase.
  • The firm is targeting a maiden fund corpus of ₹700 crore to ₹1,000 crore.
  • It plans to write cheques ranging between ₹50 crore and ₹150 crore per company.
  • The fund is expected to operate as a single-GP (general partner) fund.
  • It is seeking support from domestic family offices, entrepreneurs, and startup founders.
  • The fund will be sector-agnostic, but will prioritize opportunities in fintech, consumer internet, logistics, healthcare, and enterprise AI.

The deal

Type
fund

Founders

  • Ashish Dave, founder

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