Utthishta Yekum Fund

Managed by Utthishta

IN/AIF1/12-13/0002Cat I

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

Overview

About

Utthishta Yekum Fund (SEBI Reg. IN/AIF1/12-13/0002) is one of India's earliest SEBI-registered Category I AIFs (Venture Capital Fund), registered on 1 August 2012 — the second AIF ever registered by SEBI under the then-new AIF Regulations. It was managed by Hyderabad-based Utthishta Management Advisors LLP, a seed-stage venture capital firm focused on B2B software, web, mobile, and cloud computing startups. The fund had a corpus of ₹70 crore and an anchor commitment of ₹31 crore from M Prabhakara Rao, chairman of the ₹5,600-crore Nuziveedu Seeds Limited (NSL Group), one of India's largest agri-businesses. The fund wrote 'first cheque' investments of ₹10–20 lakh in very early-stage startups, typically acquiring 10–15% equity stakes and holding for a minimum of five years targeting 18–19% returns. Portfolio investments included SmarterSMB, Scanova (Trycon Technologies), Rapport, GreatWideOpen, Claimback, and happyweddings.com. Utthishta was also a partner to NASSCOM 10,000 Startup Initiative, Indian Angel Network, Mumbai Angels, and Calcutta Angels. The fund is listed as liquidated by PitchBook and has no current web presence.

Investment Philosophy

Utthishta Management Advisors LLP believed in backing very early-stage Indian technology startups in B2B software, web, mobile, and cloud computing — sectors where the firm felt most qualified to provide focused mentoring alongside capital. The fund distinguished itself by combining small-ticket seed capital with active hands-on mentorship, taking meaningful equity stakes and committing to long-term partnership with founders rather than passive financial participation.

Team— 3

P Rama Krishna

General Partner

P Rama Krishna is a General Partner of Utthishta Yekum Fund and one of the founding managers of Utthishta Management Advisors LLP. He has been quoted in multiple media reports about the fund's investment strategy and portfolio.

Mohsin Khan

General Partner

Mohsin Khan is a General Partner of Utthishta Yekum Fund and co-manager of Utthishta Management Advisors LLP. He was quoted as the general partner discussing the fund's strategy of targeting at least 20 Indian technology startup investments per year.

M Prabhakara Rao

Anchor Investor

M Prabhakara Rao is the chairman of Nuziveedu Seeds Limited (NSL Group), a ₹5,600-crore Hyderabad-based conglomerate with interests in agriculture, textiles, sugar, and renewable energy. He was the anchor investor of Utthishta Yekum Fund with a committed infusion of ₹31 crore.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF1/12-13/0002

VintageAug 2012 · 14 yrs old

Valid ToPerpetual

Address8-2-334/40/C, Road No. 3, Banjara Hills, Hyderabad – 500034, Hyderabad, Telangana, 500034

Investment Manager

Insights

No insights published yet.

Disclaimer

Investments in AIFs carry market and credit risk including possible loss of capital. Past performance does not indicate future returns. Information shown is sourced from the issuer's PPM and SEBI filings — confirm against the latest PPM before committing. wisefolio is an information platform; it is not registered with SEBI as an investment adviser, portfolio manager, or distributor. By using this page you accept our terms and privacy policy, including the self-attestation that you are eligible to view AIF marketing material under SEBI rules.