Early Stage Venture Capital Fund
Shastra VC Fund I - SEBI Registered Category I AIF - IN/AIF1/22-23/1155
Shastra VC Winners Fund - SEBI Registered Category II AIF – IN/AIF/24-25/1498
Shastra VC – Fund Overview
Core Focus
-
Operator VC with high focus on Deep Tech, Enterprise Software, Climate Tech and Consumer Tech
-
Team of Founders turned Investors managing $30MM+ across 2 Funds and 50+ investments delivering >40% XIRR
Track Record
-
LV Veda Seed Fund* – Launched in 2020 with INR 40Cr invested across 33 Startups. MOIC of 2.4x with XIRR of 40%+
-
Shastra VC Fund I – INR 210Cr Fund, launched in 2023. Deployed INR 101Cr across 22 Startups. Current MOIC of 1.47x with Gross XIRR of ~78%
Key Differentiators
-
Portfolio companies attract follow-on and co-investment with blue-chip VCs in India such as Matrix, Lightspeed, Accel, 3one4 Capital
-
Right to win and superior deal flow stems from strong network across the start-up ecosystem in India
Investment Focus
Team & Expertise
Partner 1
Founder turned Investor
Education
- B.E - Electronics and Communications, PESIT
- MSc - Economics and Marketing, Lancaster
Entrepreneurship
Founder of Gaming SaaS startup – Ibtions Gaming, exited to Prisma Global in 2013
Focus Areas
Space & Defence Tech, Creator Economy
Partner 2
Technology Expert
Education
- B Tech - Information Technology, COE, Pune
- MBA - Finance, IIM Kozhikode
- CFA & FRM
Entrepreneurship
Founder of Wellness Tech startup - BYG, exited to Cure Fit in 2019
Focus Areas
Software, AI-ML and Consumer Tech
Partner 3
Product & Operations
Education
- B Tech – Computer Science, NIT Calicut
- MBA, IIM Bangalore
Entrepreneurship
Founder of B2B SaaS startup – Autoninja, exited to ICICI Lombard in 2019
Focus Areas
Deep Tech, Climate Tech and Commerce
Investment Strategy
Process Overview
Deal Sourcing & Preliminary Evaluation
44.5% Selection Rate
Founder Calls & Level-1 Evaluation
9.8% Selection Rate
Business Diligence
3.7% Selection Rate
Investment Committee Decision
1.5% Selection Rate
Deal Flow Sources
Growth Stage VCs
25%
Founder Network
20%
Early Stage VCs
25%
Academia & Grants
25%
Portfolio Management
Monthly Monitoring
- MIS Updates & Analysis
- Progress on key metrics
- Runway management
Strategic Support
- GTM Strategy
- Product Development
- Hiring Strategy
- Channel Partnerships
Growth Support
- Next round preparation
- VC connections
- Due diligence support
Focus Sectors
Track Record
LV Veda Angel Fund
Shastra VC Fund I
Sector Distribution
Deep Tech
Software
Climate Tech
Consumer Tech
Winners Fund
Fund Details
Investment Strategy
7-10 Investments averaging ₹20 Cr each
Pre-Series A to Pre-Series B stage companies
Companies with proven business models and strong unit economics
Focus on deep tech, climate tech, and enterprise software sectors
Fund Timeline
Portfolio Construction
Portfolio Companies
Simplismart AI
Deep Tech - AI ML
Investment Thesis
- Global leader in AI/ML inference engine with 80% cost reduction
- Rapidly growing AI Cloud market ($20B to 00B+ by 2028)
- Strong tech moat with 4x speed improvement in 3 months
Alt Carbon
Climate Tech - CO2 Removal
Investment Thesis
- Proprietary MRV technology for carbon credits
- Massive market potential ($20B+ by 2030)
- Strong validation from Fortune 500 clients