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Empowering Your Business Success.
Managed by Dhruva
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Dhruva Investment Partners (now operating as Novastar Partners) is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/25-26/1939), registered in October 2025 and managed by Dhruva Investment Partners Private Limited (CIN: U66190WB2025PTC278902), incorporated in April 2025 in Kolkata. The fund has since been rebranded as Novastar Partners. The fund is a fund-of-funds (FoF) targeting ₹350 crore with a ₹150 crore greenshoe option, investing as a Limited Partner in other Indian venture capital and private equity funds. The fund offers investors a curated, simplified way to gain exposure to India's growing private market — including top-tier investment managers and promising private companies. Novastar/Dhruva is headquartered at the Constantia Building, 8th Floor, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata 700017.
Dhruv Jhunjhunwala
Founder & CEO
Dhruv Jhunjhunwala is the founder and CEO of Novastar Partners (formerly Dhruva Investment Partners). He is an alumnus of New York University and a former professional at RBC Capital Markets. He has evaluated over 100 private market opportunities and leads Novastar's fund-of-funds strategy targeting India's VC and PE ecosystem.
Anita Jhunjhunwala
Director
Anita Jhunjhunwala is a co-director of Dhruva Investment Partners Private Limited (CIN: U66190WB2025PTC278902), incorporated April 2025 in Kolkata.
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