Avaana Capital

Avaana Capital is a growth capital firm based in Mumbai, India, founded in 2018. The firm manages the Avaana Climate and Sustainability Fund, which focuses on early-stage investments in various sectors, including information technology, agriculture, energy, clean technology, supply chain technology, mobile technology, and climate technology. Avaana Capital is committed to supporting exceptional entrepreneurs who develop innovative products and solutions aimed at creating a meaningful impact. The firm prioritizes investments that align with environmental, social, and governance (ESG) criteria, specifically targeting areas related to climate, energy transition, and the responsible management of air and water resources.

Anjali Bansal

Founding Partner

Rahul Bhapkar

CFO

Vatsal Dusad

Vice President

Sanjib Jha

Investor

Saksham Mittal

Associate

Shruti Srivastava

Investment Director

Riddhi Vora

Associate

15 past transactions

Kazam

Series A in 2023
Kazam specializes in providing IoT-based charging solutions for electric vehicles. The company has developed a smart charger and battery management system designed to streamline the charging process for users. Its open software architecture enables seamless integration of application programming interfaces for various hardware components, catering to businesses, electric vehicle manufacturers, and fleet operators. This system includes a user-friendly dashboard that allows clients to monitor utilization, manage costs, and assess environmental impacts. By simplifying the setup of charging networks, Kazam eliminates the need for extensive software development, making it easier for users to deploy and manage their electric vehicle charging infrastructure effectively.

Turno

Series A in 2023
Turno is a fintech startup focused on facilitating the transition to electric vehicles (EVs) for commercial vehicle operators and owners. The company offers a variety of vehicles from multiple original equipment manufacturers (OEMs) and provides affordable financing solutions along with battery value guarantees to protect the investments of EV purchasers. Turno aims to convert gasoline miles to electric miles, catering specifically to the needs of operators in the delivery sector. Its platform supports both online and physical sales of EVs, while also offering services such as the buyback of used batteries, thereby enhancing the overall value proposition for its customers in India.

Climes

Seed Round in 2022
Climes is a climate technology company focused on facilitating carbon neutrality and promoting climate-positive actions for individuals and businesses. The company aims to make climate action accessible and affordable by providing opportunities for consumers to neutralize their carbon footprints across various aspects of daily life. Through API integrations with various consumer brands, including those in travel, delivery, and events, Climes enables users to engage in climate-friendly practices conveniently. By simplifying the process of taking climate action, Climes contributes to efforts to cool the planet and combat climate change.

Eekifoods

Series A in 2022
Eekifoods develops a unique and proprietary vegetable growing technology, which allows it to produce completely residue-free, Indian and exotic vegetables and sell them profitably at near-market prices.

Eekifoods

Venture Round in 2022
Eekifoods develops a unique and proprietary vegetable growing technology, which allows it to produce completely residue-free, Indian and exotic vegetables and sell them profitably at near-market prices.

AarogyaAI

Seed Round in 2022
AarogyaAI Innovations Private Limited, founded in 2019 and based in Bengaluru, India, develops an artificial intelligence-based software-as-a-service specifically designed for diagnosing drug-resistant tuberculosis. The platform utilizes DNA sequences from patients, which are uploaded to its system. Through advanced machine-learning algorithms, AarogyaAI generates a detailed report on the drug susceptibility status of the patient, aiding in more accurate and timely diagnosis. This innovative approach aims to enhance the management and treatment of drug-resistant tuberculosis, addressing a critical public health challenge.

Eggoz

Series A in 2021
Eggoz is a brand of fresh and chemical-free eggs, produced in tech-enabled & nutrition-engineered deep integration partnerships with farmers. Farmers are on-boarded to a streamlined program where they receive technical and veterinarian advisory support: Happy Hen, Healthier Eggs! Eggoz provides nutritionally balanced, organic feed and health supplements for nutritionally-ensured eggs, healthier birds and better Feed Conversion metrics. Eggoz purchases all egg produce with guarantee and direct to account payments. Technology is an integral part of farm operations with Eggoz. Data and real-time monitoring plays an important role in identifying deviations early and optimizing bird performance for profitable business.

Eggoz

Series A in 2021
Eggoz is a brand of fresh and chemical-free eggs, produced in tech-enabled & nutrition-engineered deep integration partnerships with farmers. Farmers are on-boarded to a streamlined program where they receive technical and veterinarian advisory support: Happy Hen, Healthier Eggs! Eggoz provides nutritionally balanced, organic feed and health supplements for nutritionally-ensured eggs, healthier birds and better Feed Conversion metrics. Eggoz purchases all egg produce with guarantee and direct to account payments. Technology is an integral part of farm operations with Eggoz. Data and real-time monitoring plays an important role in identifying deviations early and optimizing bird performance for profitable business.

Ninety One

Series A in 2021
Frog Cycles is a manufacturer and designer of bicycles intended to add more fun and thrill to the riding experience. The company epitomizes the best in bicycles and bike accessories focusing on quality, design and innovation, providing customers with world-class bikes to make their everyday ride better.

FarMart

Series A in 2021
FarMart Service Private Limited operates an online marketplace that connects farmers who own agricultural machinery with those who need it on a pay-per-use basis. Founded in 2015 and based in Gurugram, India, the company has developed a mobile app that allows farmers to order agri-machinery, select delivery dates, and even rent machinery via phone. Given that a significant portion of Indian farmers possess less than one hectare of land, FarMart addresses the challenge of limited access to machinery, thereby enhancing productivity while minimizing costs. The platform not only facilitates the rental and sharing of machinery but also contributes to rural entrepreneurship by providing farmers with access to modern agricultural technology. Additionally, FarMart connects farmers with retailers and food businesses, enabling them to sell their products at competitive prices.

FarMart

Series A in 2021
FarMart Service Private Limited operates an online marketplace that connects farmers who own agricultural machinery with those who need it on a pay-per-use basis. Founded in 2015 and based in Gurugram, India, the company has developed a mobile app that allows farmers to order agri-machinery, select delivery dates, and even rent machinery via phone. Given that a significant portion of Indian farmers possess less than one hectare of land, FarMart addresses the challenge of limited access to machinery, thereby enhancing productivity while minimizing costs. The platform not only facilitates the rental and sharing of machinery but also contributes to rural entrepreneurship by providing farmers with access to modern agricultural technology. Additionally, FarMart connects farmers with retailers and food businesses, enabling them to sell their products at competitive prices.

Elda Health

Seed Round in 2021
Elda Health is a women's healthcare platform designed specifically for mid-life urban women. It operates a digital wellness platform that offers resources and information related to women's health. The platform features a dynamic dashboard that allows users to track various health aspects, from symptoms to activities, using a comprehensive reporting mechanism to monitor progress toward health goals. Additionally, Elda Health provides personalized consultations with medical experts, empowering women to raise awareness about important physical and mental health issues.

FarMart

Seed Round in 2021
FarMart Service Private Limited operates an online marketplace that connects farmers who own agricultural machinery with those who need it on a pay-per-use basis. Founded in 2015 and based in Gurugram, India, the company has developed a mobile app that allows farmers to order agri-machinery, select delivery dates, and even rent machinery via phone. Given that a significant portion of Indian farmers possess less than one hectare of land, FarMart addresses the challenge of limited access to machinery, thereby enhancing productivity while minimizing costs. The platform not only facilitates the rental and sharing of machinery but also contributes to rural entrepreneurship by providing farmers with access to modern agricultural technology. Additionally, FarMart connects farmers with retailers and food businesses, enabling them to sell their products at competitive prices.

VITRAN

Convertible Note in 2021
Developer of a business-to-business (B2B) technology platform designed to empower FMCG traditional trade by building a strong and sustainable digital ecosystem of retailers, distributors, and brands. The company's platform utilizes machine learning to accurately predict and aggregate market demand and offer customized assortment to retailers, facilitates brands to communicate anything directly with the point of sale, and reduces the cost of operations for distributors and brands by bringing efficiency into the entire supply chain, enabling businesses to thrive in a competitive and challenging environment.

FarMart

Seed Round in 2021
FarMart Service Private Limited operates an online marketplace that connects farmers who own agricultural machinery with those who need it on a pay-per-use basis. Founded in 2015 and based in Gurugram, India, the company has developed a mobile app that allows farmers to order agri-machinery, select delivery dates, and even rent machinery via phone. Given that a significant portion of Indian farmers possess less than one hectare of land, FarMart addresses the challenge of limited access to machinery, thereby enhancing productivity while minimizing costs. The platform not only facilitates the rental and sharing of machinery but also contributes to rural entrepreneurship by providing farmers with access to modern agricultural technology. Additionally, FarMart connects farmers with retailers and food businesses, enabling them to sell their products at competitive prices.
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