Peaceful Progress Trust

We back Ideators with Execution tenacity

Managed by Peaceful Progress

IN/AIF1/21-22/0982Cat I

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

Overview

About

Peaceful Progress LLP is a Chennai-based early-stage investment firm incorporated in August 2021 (LLPIN: AAY-2998), with designated partners Chandrashekar Kupperi, Sitaraman Parthasarathy, and Srinivasan Arunachalam. The firm manages the Peaceful Progress Trust (SEBI AIF Category I, reg. IN/AIF1/21-22/0982), a SEBI-registered angel fund that achieved an INR 50 crore first close in 2025. The General Partners — Chandrashekar Kupperi, Kamal Kumar Agarwal, Sitaraman Parthasarathy, and Srinivasan Arunachalam — bring combined expertise in M&A advisory, FMCG, engineering entrepreneurship, and financial services technology. The fund has backed over 22 startups including Zypp Electric, Garuda Aerospace, Bombay Shaving Company, Revamp Moto, Lissun, and Liger Mobility, deploying approximately INR 1–3 crore per investment. Operating from Ashok Nagar, Chennai, the fund co-invests alongside leading VCs and angel platforms and targets technology-led and consumer businesses at the pre-seed and seed stages.

Investment Philosophy

At Peaceful Progress, growth is achieved in a peaceful and principled manner. The fund takes a meticulous and thoughtful approach to investing, prioritising careful and considered investment decisions grounded in data and research. The investment thesis is built around backing founder-led, early-stage startups with enormous growth potential in technology-enabled sectors (FinTech, HealthTech, EdTech, FoodTech, ManufacturingTech, ConsumerTech, AI/ML/IoT) as well as FMCG and new-age disruptors. The fund prefers to co-invest by partnering with early-stage VCs, micro-VCs, and angel platforms. Evaluation follows a three-step process: screening (founder and business fit), picking (multi-filter analysis and partner fund discussions), and execution (post-investment support including mentoring, network access, and governance guidance). The fund's logo — a pigeon with upward arrows — symbolises agility, trustworthiness, and data-driven upward progress.

Team— 4

Chandrashekar Kupperi

General Partner & Co-Founder

Chandrashekar Kupperi is a seasoned finance professional and entrepreneur with over two decades of experience across FMCG, Life Insurance, Audit & Assurance, and Oil & Gas. He is the Founder of ANOVA Corporate Services, an investment banking and advisory firm. As a General Partner at Peaceful Progress, he actively invests in early-stage technology-led, consumer, and mobility businesses. An active angel investor, he has personally invested in over 30 startups in India and abroad. He previously held leadership roles with ExxonMobil, KPMG, and Lornamead Group (Yardley of London). He is a Chartered Accountant, Cost Accountant, and Company Secretary.

Kamal Kumar Agarwal

General Partner & Co-Founder

Kamal Agarwal is a General Partner at Peaceful Progress with over 18 years of experience in the FMCG space. He has worked for multinationals including ITC Limited, Cadbury, and Ferrero, and currently manages a Chocolates and Confectionery startup. He is a Chartered Accountant by qualification.

Sitaraman Parthasarathy

General Partner & Co-Founder

Sitaraman Parthasarathy is a General Partner at Peaceful Progress. A Mechanical Engineer and technocrat turned entrepreneur with over 25 years of experience in the Middle East market, he is the Co-Founder of ImageGrafix Engineering Services group of companies (established 2006), which offers Engineering & Technology Services and is the exclusive Indian partner of Hexagon, Bricsys, and other international technology firms.

Srinivasan Arunachalam

General Partner

Srinivasan Arunachalam (Srini) has over 35 years of experience in the Financial Services Technology industry, with the last 25 years in Executive Management at organisations such as Oracle and Wipro. Considered an Emerging Market specialist, he is an active investor and mentor to startups, advising on market expansion, governance, and growth strategy. He is a Chartered Accountant and Cost Accountant.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF1/21-22/0982

VintageJan 2022 · 4 yrs old

Valid ToPerpetual

Contact PersonChandrashekar Kupperi

AddressNew No. 5, Old No. 27, Door No. 9, 3rd Floor, 10th Avenue, Opposite Krishna Sweets, Ashok Nagar, Chennai, Tamil Nadu, 600083

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