Pravega Ventures
Pravega Ventures backs Indian technology startups across fintech, enterprise software, artificial intelligence, deep tech, and financial services.
Overview
Pravega Ventures is an India-focused venture capital firm that partners with founders building technology-driven businesses. Its investment philosophy centres on patient capital, transparent partnerships, and long-term value creation. Beyond funding, the firm supports entrepreneurs through strategic advisory, access to industry networks, and preparation for future fundraising.
Investment Focus and Stage
Pravega Ventures invests across Pre-Seed, Seed, Series A, and Series B stages, with reported cheque sizes ranging from $1 million to $5 million. Its investment interests include fintech, artificial intelligence and machine learning, deep tech and hard science, enterprise software, and technology-enabled financial services.
The firm looks for founders using technology to solve complex business problems and build scalable products. Its support extends beyond capital to strategic decisions, product development, hiring, go-to-market planning, and connections with experienced entrepreneurs and industry specialists. The firm places particular emphasis on long-term partnerships rather than short-term valuation gains.
Fund Size and Portfolio
Pravega Ventures' official website lists 28 investments. British International Investment (BII), the UK's development finance institution, committed $10 million to Pravega Ventures Fund II in September 2022.
Its portfolio includes Innovaccer, a healthcare data platform that helps healthcare organisations manage information and improve care delivery; Mintoak, which provides digital payments and commerce solutions to merchants; GrayQuest, an education-fee financing platform; Fyle, an expense management software company; Crofarm, an agricultural supply-chain business; GyanDhan, an education-financing platform; Flexmoney, a digital credit and payment technology provider; and Cashinvoice, which offers supply-chain financing solutions.
Other investments include ePayLater, a digital credit platform; SafeGold, a digital gold investment service; PropertyShare, a fractional real estate investment platform; Leucine, which develops software for pharmaceutical manufacturing compliance; Fluid Robotics, which builds robotic systems for wastewater infrastructure; Constelli, a signal-processing and defence technology company; RagaAI, an artificial intelligence testing platform.
Pravega has also recorded exits from earlier investments. Fyle was acquired by Sage in July 2025, bringing its AI-powered expense management capabilities into Sage's business software portfolio. GreyAtom was acquired by BrowserStack in January 2022, marking another exit from the firm's investment history. Other earlier investments include Zipsure, a financial services business, and Ikarus Process Automation, a technology and process automation company.
Leadership
Rohit Jain is a co-founder of Pravega Ventures. His professional background includes experience at SAIF Partners, Google, Microsoft, and IBM Research, combining venture investing with exposure to technology and product development.
Mukul Singhal is a co-founder and partner. Before Pravega, he worked at SAIF Partners, where he backed early-stage technology businesses and worked with companies including Urban Company, NoBroker, TravelTriangle, IndustryBuying, and Tracxn.
Vinay Menon is a co-founder and partner with experience in investment banking and capital markets. His previous roles include senior positions at JPMorgan and Kotak Mahindra, with experience in equity capital markets and corporate fundraising.