Earth's horizon seen from orbit at night

SEBI-registered Cat I AIF · Est. 2015 · Mumbai

We fund the India
that builds.

India's foremost early-stage deeptech fund — first cheques into semiconductors, spacetech, defence and AI infrastructure. A ₹1,200 Cr Fund III. A ₹600 Cr partnership with IIT Madras. One unicorn, and counting.

Scroll — the numbers are real

63+
Investments since 2015: ₹1,200 Cr
Fund III — closed Feb 2026: $5 Bn
Combined portfolio valuation: 1
Unicorn — Open, 2022

11Years investing

6Acquisitions

783Co-investors

~30DeepTech companies

8Board seats

17New investments in 2025

Open
OrbitAID Aerospace
TakeMe2Space
SatLeo Labs
Netrasemi
VerveSemi
BonV Aero
EyeROV
Genrobotics
Sequretek
Kluisz.ai
Deep Algorithms
StampMyVisa
NeuroEquilibrium
MedySeva
QubeHealth
Pharmarack
SmartCoin
Finin
Finsall
Chitmonks
Aurassure
Daalchini
Inc42
Libryo
Open
OrbitAID Aerospace
TakeMe2Space
SatLeo Labs
Netrasemi
VerveSemi
BonV Aero
EyeROV
Genrobotics
Sequretek
Kluisz.ai
Deep Algorithms
StampMyVisa
NeuroEquilibrium
MedySeva
QubeHealth
Pharmarack
SmartCoin
Finin
Finsall
Chitmonks
Aurassure
Daalchini
Inc42
Libryo

Thesis

Contrarian by design.

We are believers and practitioners of mentor capitalism — capital plus expertise, portfolio support and a worldwide network of mentors. Thesis-driven, never momentum-driven.

Picks and shovels, not hype

While the market chases AI-application SaaS, we own the layer beneath it — semiconductors, data centres, power systems. We passed on edtech at peak froth. We're exploring nuclear micro-power as the long-term AI enabler.

Beyond the metros

Our deal flow runs through Tier-II and Tier-III India — Kochi, Bhubaneswar, Jaipur — where engineering talent is deep and valuations honest. Most funds never look. We live there.

The professor-founder era

Four to five Fund III companies are led by academicians. Our IIT Madras partnership puts us at the lab bench when IP becomes a company — years before it reaches a demo day.

Four funds, one arc

Eleven years of compounding conviction.

01 — Fund I · 2016

The digitisation wave

India was coming online — internet penetration, smartphones, and a new ease of doing business. Fund I backed the founders building for that shift.

First cheques into Open — later India's SME-neobanking unicorn
Early positions in Sequretek, Inc42 and SmartCoin
Published yearly IRR trends — track record in the open

Harvesting

02 — Fund II · 2020

Conviction through the storm

Launched into the pandemic — and kept deploying. Twenty companies backed through the hardest fundraising market in a decade.

20 companies invested, 2 exited
Multiple portfolio up-rounds
End of investing phase — follow-ons continuing

Fully invested

03 — Fund III · 2026

Picks and shovels of the AI era

Closed at ₹1,200 Cr — past its ₹1,000 Cr target on a ₹200 Cr greenshoe. Deliberately avoiding AI-application SaaS to own the infrastructure layer: semiconductors, spacetech, defence, AI infra.

LPs: SIDBI, SBI, NABARD, US institutions, family offices
Anchored by the state governments of Kerala, MP & Odisha
17–18 startups already backed; 7–8 already raised follow-ons
₹10–15 Cr average first cheque

₹1,200 Cr

Deploying

04 — IITM Unicorn Frontier Fund I · 2026

Lab bench to global boardroom

A 10+2 year patient-capital fund with IIT Madras Research Park — India's first university research park. Built to carry IP-led, engineering-heavy startups from TRL 3 to TRL 9.

25+ companies planned, ₹8–10 Cr first cheques
Robotics, SpaceTech, DefenceTech, Semicon, MedTech
Dual-stage: early (TRL 3–4) through scale-up (TRL 7–9)
Sourced from the IIT Madras deeptech ecosystem

₹600 Cr

+₹400 Cr greenshoe

Announced Feb 2026

SpaceTech

India is going to orbit. We hold tickets.

OrbitAID is building in-orbit refueling — named a World Economic Forum Technology Pioneer 2026. TakeMe2Space raised $5M to open satellite access. SatLeo watches Earth from above.

OrbitAID · TakeMe2Space · SatLeo Labs

orbital companies

Semiconductors

The chips India said it couldn't make.

Netrasemi's edge-AI SoCs returned 7× on our first cheque at its ₹107 Cr Series A. VerveSemi is our newest bet on Indian silicon.

Netrasemi · VerveSemi

7×

Netrasemi first-cheque multiple

Defence & Marine

Under the sea. Over the horizon.

EyeROV builds India's underwater drones — ₹13 Cr raised in Feb 2026. BonV Aero flies aerospace and defence missions. Genrobotics' machines ended manual scavenging in Indian cities.

EyeROV · BonV Aero · Genrobotics

companies at Bharat Innovates 2026

Portfolio — 63+ investments

Legacy shown, not claimed.

Open
SME neobanking platform
FinTechUnicorn3 years from our seed cheque to $1 Bn
OrbitAID Aerospace
In-orbit satellite refueling
SpaceTechWEF Technology Pioneer 2026
TakeMe2Space
Satellite constellations, opened to everyone
SpaceTech$5M raised · Jan 2026
SatLeo Labs
Satellite technology
SpaceTech
Netrasemi
Edge-AI semiconductor SoCs
Semiconductors7× on first cheque · ₹107 Cr Series A
VerveSemi
Semiconductor design
SemiconductorsNewest investment · Feb 2026
BonV Aero
Aerospace & defence systems
Defence & Marine
EyeROV
Underwater robotic drones
Defence & Marine₹13 Cr raised · Feb 2026
Genrobotics
Robots that ended manual scavenging
Robotics
Sequretek
AI-driven cybersecurity
Enterprise & AI
Kluisz.ai
AI infrastructure for the enterprise
Enterprise & AI
Deep Algorithms
AI & data science solutions
Enterprise & AI
StampMyVisa
AI-powered B2B visa processing
Enterprise & AI₹4 Cr raised · Oct 2025
NeuroEquilibrium
Vertigo & balance diagnostics
HealthTech
MedySeva
Telehealth for Bharat
HealthTech₹4 Cr seed led by UIV · Nov 2025
QubeHealth
Healthcare payments
HealthTechInvested Jun 2026
Pharmarack
Pharma distribution technology
HealthTechAcquired
SmartCoin
Digital lending for the underserved
FinTech
Finin
Consumer neobanking
FinTech
Finsall
Insurance premium financing
FinTech
Chitmonks
Digitising chit funds
FinTech
Aurassure
Hyperlocal climate & air-quality intelligence
ClimateTech₹25 Cr raised · Dec 2025
Daalchini
Smart vending for daily essentials
Consumer
Inc42
India's startup media authority
Media
Libryo
Regulatory intelligence
Enterprise & AIAcquired

Selected companies shown · 63+ investments across four funds · 53 India, 4 US

Momentum — last 12 months

A fund that moves.

Jun 2026Milestone
Six portfolio companies at Bharat Innovates, Nice
Netrasemi, VerveSemi, OrbitAID, TakeMe2Space, EyeROV and NeuroEquilibrium exhibited at the summit inaugurated by PM Modi and President Macron.
Jun 2026Recognition
OrbitAID named WEF Technology Pioneer 2026
World Economic Forum recognition for the in-orbit refueling company — a first for an Indian space startup in our portfolio.
Feb 2026Fund
Fund III closes at ₹1,200 Cr
Exceeded its ₹1,000 Cr target via a ₹200 Cr greenshoe. Backed by SIDBI, SBI, NABARD and the state governments of Kerala, MP and Odisha.
Feb 2026Fund
₹600 Cr IITM Unicorn Frontier Fund launched
Partnership with IIT Madras Research Park: 10+2 year patient capital for IP-led deeptech, from lab bench to global boardroom.
Feb 2026Portfolio
EyeROV raises ₹13 Cr pre-Series A
India's underwater-drone maker deepens its lead in marine robotics.
Jan 2026Portfolio
TakeMe2Space raises $5M
Building satellite infrastructure that opens orbit to everyone.
Dec 2025Portfolio
Aurassure raises ₹25 Cr pre-Series A
Hyperlocal climate and air-quality intelligence for Indian cities.
Nov 2025Portfolio
MedySeva raises ₹4 Cr seed, led by UIV
Telehealth reaching where Indian healthcare hasn't.

In institutional company

SIDBI
State Bank of India
NABARD
IIT Madras
State Govts of Kerala · MP · Odisha

The team

Mentor capitalism has mentors.

Anil Joshi

Founder & Managing Partner

A pioneer of Indian angel investing. Before UIV, Anil led operations at Mumbai Angels and Bangalore Angels as President, closing 100+ venture deals. Founders call him the hard-truth teller — the partner who prepares you for the decisions no one else will name.

100+ venture deals closed
IVCA VC Council, 2022–24
Ex-President, Mumbai Angels & Bangalore Angels

Bhaskar Majumdar

Founder & Managing Partner

Twenty years across tech, media and consumer — as operator, founder and investor. Built and exited his own company before backing others. An atypical blend of media DNA and deeptech conviction.