New fund · Enterprise Software & IT
Silicon Road Ventures launches India-focused AIF to back B2B Agentic AI Commerce-Tech startups
By Startup Enthusiast ·
- Date
- Company
- Silicon Road Ventures
- What it does
- venture capital firm investing in B2B Agentic AI Commerce-Tech startups
- Kind
- New fund
- Amount
- ₹150 Crores
- Founded
- 2019
- Sector
- Enterprise Software & IT
What they do
Silicon Road Ventures is a venture capital firm based in Atlanta, USA, that focuses on early-stage investments in B2B Agentic AI Commerce-Tech startups in India
What happened
The firm has launched an India-focused Alternative Investment Fund (AIF) with a target corpus of ₹150 Crores, which has already achieved its first close and…
Why it matters
The fund focuses on startups that use Agentic AI to enable digital transformation and operational efficiency in sectors like retail, manufacturing, and…
The details
- Silicon Road Ventures (SRV), an Atlanta-based early-stage venture capital firm, has launched an India-focused Alternative Investment Fund (AIF) with a target corpus of ₹150 Crores.
- The fund, which has already achieved its first close, is structured as a Category II AIF and is approved by the Securities and Exchange Board of India (SEBI).
- SRV will invest in early-stage startups creating Agentic AI solutions in the B2B commerce technology space, with a focus on digital transformation and operational efficiency.
- The fund will target sectors such as multi-channel commerce, supply chain and logistics, fintech, consumer insights, and retail operations.
- SRV will also provide access to the US market for technologies that are transferrable to that market, through leadership, infrastructure, and funding.
- SRV typically invests at the Seed and Series A stages and continues to support its portfolio companies through follow-on rounds.
The bigger picture
- SRV was founded in 2019 by Sid Mookerji, who brings sector-focused expertise in retail and enterprise technology.
- Mookerji also runs the Silver Spirit Global LLC Family Office, which operates tech parks in the US and India.
- His family-run Mookerji Foundation has set up a Mookerji Innovation Fund with BITS Pilani and Kennesaw State University, providing non-dilutive funding to student startups.
- Prior to founding SRV, Mookerji was co-founder and CEO of Software Paradigms International (SPI), which was acquired by Cognizant in 2018.
About the business
- Silicon Road Ventures is a venture capital firm that invests in early-stage startups in the B2B Agentic AI Commerce-Tech space.
- The firm focuses on startups that use Agentic AI to enable digital transformation and operational efficiency in sectors like retail, manufacturing, and consumer goods.
- SRV typically invests at the Seed and Series A stages and continues to support its portfolio companies through follow-on rounds.
- The firm has backed over 30 startups across themes such as AI-led commerce, agentic commerce infrastructure, retail media technology, and supply chain intelligence.
- SRV's portfolio includes companies like Knit, Tradeverifyd, Wripple, Turn, Daash, Everyware, Qortex, Harness, i-Genie, Hammoq, Muuk, Grid & Pixel, Chatlabs, Pull Logic, and Pitchit.
The deal
- Type
- fund
Founders
- Sid Mookerji, Managing Partner
- Ajay Mahajan, Partner (India)
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