Early-stage VC · Seed–Series A · Mumbai
Avaana Capital
Verified by Women Can StartupSnapshot
- Firm type
- Early-stage VC
- Founded
- 2021
- Headquarters
- Mumbai
- Fund / AUM
- Avaana Climate and Sustainability Fund ~$135M
- Geographies
- India
- Leads rounds
- Yes
- Last updated
- 23 July 2026
About Avaana Capital
Founded by Anjali Bansal, Avaana Capital is one of India's largest institutional climate-tech funds, investing in early-stage companies using technology for climate mitigation, adaptation and resilience. Its senior investment team is majority women.
Avaana Capital is an early-stage vc based in Mumbai, founded in 2021, investing in India. It backs companies at the Seed and Series A stages, with a focus on Climate tech, Energy, Mobility, Supply chains and Sustainable agriculture. It usually leads the rounds it joins.
On fund size, the firm reports Avaana Climate and Sustainability Fund ~$135M. Its portfolio includes FarMart, Eggoz and Alpha Vector.
Investment focus
Notable investments
3 of Avaana Capital’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.
Agritech
Agritech & Consumer
Mobility
How to pitch Avaana Capital
Practical pointers drawn from what Avaana Capital says it backs. Always confirm the current focus and process with the firm before you reach out.
- They invest at Seed and Series A. Approach them when your company is with an early product and first signs of traction, through to companies with clear product-market fit and early revenue.
- Their focus is Climate tech, Energy, Mobility, Supply chains and Sustainable agriculture, so lead with why you fit there.
- The strongest way in is a warm introduction, ideally from a founder they have backed, such as FarMart, Eggoz and Alpha Vector.
- You can find the team and their current focus on their website, linked below.
Partners
Anjali Bansal
Founder
Swapna Gupta
Partner
Shruti Srivastava
Partner
Website & links
Frequently asked questions
- What stage does Avaana Capital invest at?
- Avaana Capital invests at the Seed and Series A stages.
- What sectors does Avaana Capital invest in?
- Avaana Capital focuses on Climate tech, Energy, Mobility, Supply chains, Sustainable agriculture and Food systems.
- Which companies has Avaana Capital invested in?
- Notable investments include FarMart, Eggoz and Alpha Vector. See the full list on this page.
- Who are the partners at Avaana Capital?
- Key people include Anjali Bansal (Founder), Swapna Gupta (Partner) and Shruti Srivastava (Partner).
- Where is Avaana Capital based?
- Avaana Capital is headquartered in Mumbai.
- Does Avaana Capital invest in women founders?
- Avaana Capital is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.
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