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Indian VC

Blue Ashva Capital: A Singapore and Mumbai Fund Backing Deep Tech

Blue Ashva Capital is a venture capital firm based in Singapore and Mumbai, founded by Satya Bansal in 2019 after three decades in banking, including as CEO of Barclays Private Bank India. The firm invests $1 million to $5 million using equity and debt in deep tech, climate, and food-agtech companies. It had raised about $150 million by 2020, backing confirmed investments including Dhruva Space, GreenJoules, and Devic Earth.

Overview

Blue Ashva Capital is an investment firm based out of Singapore and Mumbai. Satya Bansal founded the firm in 2019 after three decades in banking. He previously served as Chief Executive of Barclays Private Bank in India. Bansal wanted to channel capital toward businesses with real societal impact. The firm backs deep tech and climate-linked companies across food, energy, and health. Col. Sarjeet Yadav is a senior member of its team today.

Investment Focus and Stage

Blue Ashva Capital invests at the pre-seed, seed, and series A stages. It combines equity, venture debt, and structured debt in its approach. Check sizes typically run between $1 million and $5 million per company. The firm targets deep technology and planetary impact as its core thesis. Spacetech, food-agtech, energy efficiency, and fintech all sit within its scope.

Fund Size and Portfolio

Blue Ashva Capital had raised about $150 million by 2020. The firm now manages a portfolio of more than a dozen companies. GreenJoules raised $6.5 million in a series B round the firm backed. Dhruva Space, Entuple, Bambrew, and Devic Earth all count among its confirmed investments. The firm also runs Blue Ashva Labs, a deep-tech incubator moving research from lab to market.

Leadership

Satya Bansal founded Blue Ashva Capital and serves as founder and CEO. He studied at Harvard Business School before returning to India in 2007. His earlier roles include leading ICICI Direct's launch and Barclays Private Bank India. Col. Sarjeet Yadav works alongside him as part of the senior team. Paresh Trivedi and Manoj Bajpai round out the firm's broader leadership group.

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