Finvolve Ventures
Finvolve Ventures connects investors with Indian startups across multiple growth stages.
Overview
Finvolve Ventures is a Gurugram-based multi-stage venture capital platform founded by Ashish Bhatia and Apoorva Vora. The platform was incorporated in 2022 as a joint venture between India Accelerator and Finolutions. Finvolve connects wealth managers and accredited investors with startup opportunities through a range of alternative investment funds.
Investment Focus and Stage
Finvolve takes a multi-stage approach, supporting companies from early funding through growth and pre-IPO opportunities. Its investment activity covers pre-seed, seed and later-stage transactions, with the ability to continue backing companies as they mature. The platform describes itself as stage and sector agnostic, while its investment themes include robotics and unmanned systems, space, defence, energy and mobility, circular economy, AI and GenAI, ONDC-linked businesses and climate-focused technologies.
Its latest growth fund is targeting ₹250 crore and is focused on companies that have already established product-market fit. The fund plans to invest across defence and aerospace, frontier and strategic technology, energy and consumer businesses, with approximately 30–35 investments planned over three to four years.
Fund Size and Portfolio
Finvolve has built its investment platform through multiple funds, including IA Growth Opportunities Fund I, IA Growth Opportunities Fund II, Finvolve Angel Trust and Brew Opportunities Fund. Its maiden fund crossed ₹100 crore in corpus in 2024. The platform has since expanded into growth-stage investing, with its latest ₹250 crore fund reaching a ₹90 crore first close in September 2026.
The portfolio includes IG Defence, Indrajaal, Soket AI, Kepler Aerospace, Matter EV, Nitro Commerce, Dozee, Satlabs Space Systems, Lawyered, Constems AI Systems, Recur Club and HouseEazy. Finvolve and India Accelerator deployed more than ₹250 crore across 29 investments during 2025, while investments in the first half of 2026 included defence tech, deeptech, EV and mobility, and healthtech companies.
Leadership
Ashish Bhatia is Co-Founder of Finvolve and Founder & CEO of India Accelerator. He has been closely involved in building India Accelerator's startup investment network and developing Finvolve's multi-stage investment platform.
Apoorva Vora is Co-Founder of Finvolve and Founder & CEO of Finolutions LLP. His role connects Finvolve's venture investment activities with its broader wealth-management and investor platform.