Equanimity Investments: An Early-Stage Investor Backing Indian Startups
Equanimity Investments is a Mumbai-based early-stage venture capital firm investing in Indian startups across consumer technology, healthcare, fintech, EV mobility, and SaaS. Its investment activity includes seed-stage companies such as Hi Hello and Neuron Energy. The firm operates three AIF vehicles, including Fund II and Fund III, while its current website does not state an aggregate fund size.
Overview
Equanimity Investments is a Mumbai-based venture capital firm focused on early-stage Indian startups. The firm was founded by Rajesh Sehgal after his career at Franklin Templeton Investments. It invests in businesses that use technology to build scalable companies across areas including consumer, healthcare, fintech, EV mobility, and software.
Its portfolio includes Neuron Energy, Hi Hello, and other companies across consumer technology, healthcare, electric mobility, SaaS, and financial services. The firm's current website also identifies three investment vehicles: Equanimity Ventures Trust, Equanimity Ventures Trust II, and Equanimity Ventures Trust III.
Investment Focus and Stage
Equanimity Investments focuses on early-stage Indian startups. Its current portfolio covers areas such as EV mobility, consumer technology, healthcare, SaaS, and financial technology. The firm's SPEED framework is used to assess business models that use technology to build scalable and sustainable companies.
The firm's investment activity includes seed-stage transactions. For example, Equanimity Fund II invested in Hi Hello in a seed round. Its current website does not establish pre-seed, seed, and Series A as the complete range of stages for all investments.
Fund Size and Portfolio
Equanimity Investments operates multiple AIF vehicles. Fund I, Equanimity Ventures Trust, is registered as a Category I AIF. Fund II and Fund III are registered as Category II AIFs, with Equanimity Management Services LLP as fund manager.
The firm's first fund had a first close of ₹70 crore, equivalent to $10.8 million at the time. The current website refers to Fund II as the New Horizons Fund II and identifies Fund III as another Category II AIF. A current aggregate fund-size figure is not stated on the firm's website.
The portfolio includes Neuron Energy, Biva, Hi Hello, and other companies. Neuron Energy operates in EV mobility, while Biva provides SaaS analytics for e-commerce brands and Hi Hello operates a multilingual social meet-up platform.
Leadership
Rajesh Sehgal is the founder and Managing Partner of Equanimity Investments. He spent more than 17 years at Franklin Templeton India before establishing Equanimity.
The firm's wider network includes venture partners, advisors, anchor investors, and members of its venture team. Its current website lists Arjun Malhotra, Vijay Advani, Lior Nabat, and Brajesh Bajpai among its advisors and partners.