Ideaspring Capital

Ideaspring Capital Fund (IN/AIF1/15-16/0213) is a SEBI-registered Category I Venture Capital Fund (registered March 2016) managed by Ideaspring Advisors LLP — a Bengaluru-based early-stage venture fund established by entrepreneurs for entrepreneurs, with the goal of driving India's next wave of technological innovation. Founded in 2016 with an INR 125 crore debut fund, Ideaspring Capital focuses on science and deep-tech B2B enterprise startups building global products from India. The fund was anchored by Aarin Capital (TV Mohandas Pai's family office) and led by Naganand Doraswamy (MD & CEO), with eminent co-investors including Mohandas Pai, Arihant Patni, Amit Patni, Prashant Deshpande, and Rajiv Mody. Ideaspring invests in only 4–6 startups annually with a high-touch model, and as of early 2026 has backed 30+ companies (39 per PitchBook) across AI, Deep Tech, Climate Tech, BioTech, Defence, and Enterprise. Notable portfolio: Mihup Technologies, Ahammune Biosciences, Ambee, Lavelle Networks, Worxogo, Numocity (acquired 2022), B2Brain, Bewgle (acquired), Simyog, Okulo Aerospace, BluJ Aero, ClearTrust, ConvertCart. Portfolio characteristics: 10 PhD-led founders, 38 PhDs across team, 171 advanced degrees, 27 patents filed. The registered address is F-101, 1st Floor, Suraj Ganga Arcade, No. 332/7, 14th Cross, 2nd Block, Jayanagar, Bengaluru – 560011.

Ideaspring Capital's philosophy is 'For Entrepreneurs, By Entrepreneurs' — a high-touch, participative model built around three pillars: (1) Deep-tech conviction — investing in companies with robust proprietary algorithms, strong IP, and PhDs/domain experts at the helm, with a focus on Machine Learning/Deep Learning, Computer Vision, Big Data Analytics, IoT, AR/VR, Healthcare IT, Cybersecurity, and New-age Technology; (2) Selective investing — 4–6 deals per year maximum, allowing deep engagement and meaningful mentorship through the Startup Assist program; (3) Global enterprise focus — backing startups building global B2B products from India, providing support in product-market fit, customer connects, global scale, and introductions to next-round investors. Key differentiator: intellectual property in the form of algorithms and deep technology.