Bharat Innovation Fund

Bharat Innovation Fund, founded in 2018 and headquartered in Ahmedabad, India, is a venture capital firm that specializes in seed-to-series A stage investments. The firm focuses on transformative sectors such as renewable energy, healthcare, agriculture, fintech, and digital technologies. It aims to support Indian entrepreneurs who are developing innovative solutions to address significant challenges, enabling them to become competitive on a global scale. By providing early-stage capital, access to extensive networks, strategic insights, and operational support, Bharat Innovation Fund seeks to de-risk the process of turning promising ideas into impactful businesses. Through its investments, the fund aspires to foster the growth of companies that can emerge as leaders both in India and internationally.

Saras Agarwal

Principal

Priyanka Chopra

Venture Partner

Somshubhro Choudhury

Co-Founder, Partner and Investment Committee Member

Som Pal Choudhury

Partner

Rohan Choukkar

Vice President

Bikramjeet Kapany

Investment Principal

Prashant Kataria

DeepTech Investor

Abhishek Malani

Investor

Shyam Menon

Partner and Co-Founder

Ashwin Raguraman

Co-Founder and Partner

Sanea Vakaliya

CFO

Abdul Qadir Abdul Rahman Buhari

Investor

17 past transactions

Entropik

Series B in 2023
Entropik Technologies Pvt. Ltd., founded in 2016 and based in Bengaluru, India, specializes in EmotionAI, developing an artificial intelligence platform called Chromo. This platform analyzes emotional engagement through users' touch patterns, motion analytics, and behavioral gestures. By capturing and interpreting data, Entropik provides businesses with insights into customer emotions, intentions, and behaviors, enabling the creation of customized solutions that enhance user experiences. The company has participated in several accelerator programs, including those by Accenture Ventures, Viacom18 VStep, and SAP, and has been recognized as one of the top five cool vendors in AI in India by Gartner.

FireCompass

Series A in 2023
FireCompass is a SaaS platform specializing in Continuous Automated Red Teaming (CART) and Attack Surface Management (ASM). The platform continuously indexes and monitors the deep, dark, and surface web to map an organization's digital attack surface, including identifying Shadow IT blind spots. By automatically launching safe, multi-stage attacks that simulate real-world threats, it helps organizations identify potential attack paths before they can be exploited by malicious actors. FireCompass streamlines security efforts by reducing the need for multiple tools and manual processes, offering continuous and proactive protection. Its application spans various industries, including telecommunications, information technology, and financial services, with use cases that include breach risk assessment, digital footprint discovery, and supply chain risk management.

Detect Technologies

Series B in 2022
Detect Technologies Private Limited, based in Chennai, India, is a drone-as-a-service company that specializes in developing advanced technologies for the oil and natural gas industry. Founded in 2013, the company offers a range of products designed for the inspection and monitoring of high-temperature and inaccessible pipelines and industrial assets. Key offerings include Guided Ultrasonic Monitoring of Pipe Systems (GUMPS) for remote pipeline inspection, Noctua drones for inspecting boilers and stacks, SCOPE-I robots for visual inspections of thermal power plant components, and CSS technology for monitoring erosion and corrosion in fluid transport infrastructure. Detect Technologies provides a fully automated continuous monitoring system, generating real-time data that allows organizations to assess the health of their assets, significantly reducing the risks associated with leaks and operational failures. This innovative approach enhances decision-making and operational efficiency in the process industries.

Nayam Innovations

Venture Round in 2022
The company aims to use its patented technology to provide cataract treatment at one-tenth the present cost, and with better outcomes.

A5G Networks

Seed Round in 2022
Provider of autonomous mobile network services intended to enable a seamless 4G/5G service experience in a distributed and heterogeneous environment. The company utilizes intelligent digital technologies to transform traditional manufacturing and other industrial practices, providing clients with reliable and low-latency connectivity with better bandwidth.

Zumutor Biologics

Series A in 2021
Zumutor Biologics Inc. is an immuno-oncology company focused on developing targeted cell therapeutics, particularly through its proprietary antibody engineering platforms. The firm creates high-diversity human antibody libraries to discover novel immunotherapies and enhance monoclonal antibodies. Zumutor is actively working on biologic products aimed at treating breast cancer, along with other immuno-oncology targets for diseases such as prostate cancer and lymphoma. Founded in 2013 and headquartered in Cambridge, Massachusetts, Zumutor also operates a research and development center in Bengaluru, India. The company’s innovative approach targets innate immunity and aims to regulate the tumor microenvironment, contributing to advancements in cancer treatment.

Bandhoo

Seed Round in 2021
Bandhoo is a digital platform designed to enhance income opportunities for construction workers and contractors. It leverages technology to facilitate various aspects of the construction sector, including the issuance of tenders for subcontracting, which helps secure competitive price quotes. The platform also streamlines the procurement of repair and maintenance services and offers an integrated system for managing contractors, subcontractors, and building material suppliers. By providing these services, Bandhoo assists construction contractors in finding new job opportunities, sourcing materials, and connecting with workers for their projects.

Detect Technologies

Series B in 2021
Detect Technologies Private Limited, based in Chennai, India, is a drone-as-a-service company that specializes in developing advanced technologies for the oil and natural gas industry. Founded in 2013, the company offers a range of products designed for the inspection and monitoring of high-temperature and inaccessible pipelines and industrial assets. Key offerings include Guided Ultrasonic Monitoring of Pipe Systems (GUMPS) for remote pipeline inspection, Noctua drones for inspecting boilers and stacks, SCOPE-I robots for visual inspections of thermal power plant components, and CSS technology for monitoring erosion and corrosion in fluid transport infrastructure. Detect Technologies provides a fully automated continuous monitoring system, generating real-time data that allows organizations to assess the health of their assets, significantly reducing the risks associated with leaks and operational failures. This innovative approach enhances decision-making and operational efficiency in the process industries.

PlayShifu

Series B in 2021
Shifu creates an innovative and immersive learning experience during play time by bringing board games and mobile devices together through Augmented Reality. Because they believe, children deserve good screen time.

Entropik

Series A in 2020
Entropik Technologies Pvt. Ltd., founded in 2016 and based in Bengaluru, India, specializes in EmotionAI, developing an artificial intelligence platform called Chromo. This platform analyzes emotional engagement through users' touch patterns, motion analytics, and behavioral gestures. By capturing and interpreting data, Entropik provides businesses with insights into customer emotions, intentions, and behaviors, enabling the creation of customized solutions that enhance user experiences. The company has participated in several accelerator programs, including those by Accenture Ventures, Viacom18 VStep, and SAP, and has been recognized as one of the top five cool vendors in AI in India by Gartner.

PlayShifu

Series A in 2020
Shifu creates an innovative and immersive learning experience during play time by bringing board games and mobile devices together through Augmented Reality. Because they believe, children deserve good screen time.

Zumutor Biologics

Series A in 2019
Zumutor Biologics Inc. is an immuno-oncology company focused on developing targeted cell therapeutics, particularly through its proprietary antibody engineering platforms. The firm creates high-diversity human antibody libraries to discover novel immunotherapies and enhance monoclonal antibodies. Zumutor is actively working on biologic products aimed at treating breast cancer, along with other immuno-oncology targets for diseases such as prostate cancer and lymphoma. Founded in 2013 and headquartered in Cambridge, Massachusetts, Zumutor also operates a research and development center in Bengaluru, India. The company’s innovative approach targets innate immunity and aims to regulate the tumor microenvironment, contributing to advancements in cancer treatment.

vPhrase

Series A in 2019
vPhrase Analytics Solutions Pvt. Ltd. specializes in transforming structured data into clear, understandable narratives through its platforms, Phrazor and Explorazor. Phrazor generates concise summaries of data, highlighting essential insights for decision-making, while Explorazor serves as a standalone business intelligence tool, delivering ready-to-consume insights. The company focuses on enhancing customer engagement, performance reporting, business intelligence, and compliance reporting. Founded in 2015 and based in Mumbai, India, vPhrase employs natural language generation technology to provide context and reasoning in reports, allowing users to create easy-to-understand documents, explore hidden insights, and collaborate in real time. This innovative approach enables businesses to streamline reporting processes and retrieve real-time insights efficiently.

PlayShifu

Series A in 2019
Shifu creates an innovative and immersive learning experience during play time by bringing board games and mobile devices together through Augmented Reality. Because they believe, children deserve good screen time.

CreditVidya

Series C in 2019
CreditVidya is a technology-driven company focused on improving credit decision-making for lenders in India. By leveraging alternative data and advanced machine learning techniques, CreditVidya aims to provide a more comprehensive assessment of creditworthiness, moving beyond traditional methods that primarily rely on repayment history. This innovative approach is designed to assist lenders in extending credit to approximately 800 million individuals in India who lack formal credit scores. The company’s technology utilizes artificial intelligence to gather and analyze a wide range of data points, thereby enabling lenders to make informed and profitable lending decisions while minimizing credit losses. Through its efforts, CreditVidya seeks to facilitate fair and transparent access to credit for underserved populations in the country.

Detect Technologies

Series A in 2018
Detect Technologies Private Limited, based in Chennai, India, is a drone-as-a-service company that specializes in developing advanced technologies for the oil and natural gas industry. Founded in 2013, the company offers a range of products designed for the inspection and monitoring of high-temperature and inaccessible pipelines and industrial assets. Key offerings include Guided Ultrasonic Monitoring of Pipe Systems (GUMPS) for remote pipeline inspection, Noctua drones for inspecting boilers and stacks, SCOPE-I robots for visual inspections of thermal power plant components, and CSS technology for monitoring erosion and corrosion in fluid transport infrastructure. Detect Technologies provides a fully automated continuous monitoring system, generating real-time data that allows organizations to assess the health of their assets, significantly reducing the risks associated with leaks and operational failures. This innovative approach enhances decision-making and operational efficiency in the process industries.

Entropik

Seed Round in 2018
Entropik Technologies Pvt. Ltd., founded in 2016 and based in Bengaluru, India, specializes in EmotionAI, developing an artificial intelligence platform called Chromo. This platform analyzes emotional engagement through users' touch patterns, motion analytics, and behavioral gestures. By capturing and interpreting data, Entropik provides businesses with insights into customer emotions, intentions, and behaviors, enabling the creation of customized solutions that enhance user experiences. The company has participated in several accelerator programs, including those by Accenture Ventures, Viacom18 VStep, and SAP, and has been recognized as one of the top five cool vendors in AI in India by Gartner.
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