Fortius Trust

Guiding and Financing Founders Through the Early Phase.

Managed by Athera Venture Partners

IN/AIF1/17-18/0500Cat I

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

Fortius Trust (IN/AIF1/17-18/0500) is a SEBI-registered Category I Alternative Investment Fund registered in October 2017 — the Fund III vehicle of Inventus Capital Partners (now rebranded as Athera Venture Partners). Explicitly confirmed from Athera's investor relations page: 'Inventus III India Fund (a Scheme of Fortius Trust), Registration Number – IN/AIF1/17-18/0500, Category I AIF – Venture Capital Fund, Investment Manager — Vortis Advisors LLP.' Athera (formerly Inventus Capital India, founded 2006) is a Bengaluru-based early-stage VC firm that has backed 64+ Indian technology companies including redBus (Fund I, 25% IRR), PolicyBazaar (Fund II, IPO), Euler Motors, PlayShifu, Pixxel, HealthifyMe, Tricog, and MoveInsync. Fund III (Inventus III India Fund, INR 369 crore, 2019 close) had 13 investments from the third fund. The firm rebranded to Athera Venture Partners in 2022 upon launching Fund IV (target INR 900 crore / USD 120 million). As of 2025, total AUM across all funds is INR 850+ crore. HDFC AMC's Select AIF FoF I invested in Fund IV (December 2024). The fund is headquartered at 1st Floor, GR Primus, 69/1, 1st Cross, Domlur, Bangalore 560071.

Investment Philosophy

Athera (formerly Inventus) is a founders-first venture capital firm that invests in early-stage technology companies at Seed and Series A, writing initial cheques of INR 5–10 crore with follow-on capacity up to INR 90 crore. The firm focuses on internet of things, consumer internet, mobile, SaaS, enterprise software, fintech, web3, and deep technology. Athera's investment thesis is grounded in the belief that the best companies are built during downturns — with redBus (2009) and PolicyBazaar (2013) as proof points. The firm commits to 8–10 year partnerships with portfolio companies, providing patient capital and operational support through the full growth lifecycle. Athera aims to back the 'next generation of companies' in India with a 'flexible and collaborative approach.'

Team— 2

Rutvik Doshi

General Partner & Managing Director; SEBI Contact Person

Rutvik transitioned to early-stage venture investing in 2012 after 12 years of operating experience in technology. He previously led product teams at Google (Voice Search, Google Mobile App, Google News) and founded e-commerce startup Taggle. Before Google, he spent six years in the US at CA Technologies and a startup, and holds six patents in web application and infrastructure products. He joined Athera (then Inventus India) in Fund I. He is part of a council at IVCA. He holds a B.Tech from IIT Kharagpur and an MBA from INSEAD, France.

Parag Dhol

General Partner

Parag has been an early-stage VC for most of his career, starting at ICICI Venture — India's first venture capital company — in 1993. He subsequently held roles at GE and Intel's corporate venture arms. He joined Inventus (now Athera) in 2008 at the first close of Fund I. His board portfolio includes redBus (acq. Naspers/MakeMyTrip), PolicyBazaar (IPO), Pixxel, Ati Motors, FundsIndia (acq. Westbridge), and Tricog, among others. He is a Charter Member of TiE Bangalore and serves on investment committees of Bangalore-based incubators. He holds a B.Tech (Mechanical Engineering) from IIT Delhi and an MBA from IIM Bangalore.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF1/17-18/0500

VintageOct 2017 · 8 yrs old

Valid ToPerpetual

Contact PersonRutvik Doshi

Address1st Floor, GR Primus, 69/1, 1st Cross, Domlur, Bangalore 560071, Bangalore, Karnataka, 560071

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