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VC / Investor Mumbai, Maharashtra Est. 2018

Avaana Capital

India's largest early-stage climate-tech VC with a $135M fund backed by the Green Climate Fund, DFC, and SIDBI.

1 program listed

About Avaana Capital

Avaana Capital is an early-stage venture capital firm based in Mumbai, managing the $135 million Avaana Climate and Sustainability Fund, India's first and largest climate-tech VC fund. Founded in 2018 and led by Anjali Bansal, Swapna Gupta, and Shruti Srivastava, the firm invests in startups using technology to create scalable solutions for climate mitigation, adaptation, and India's net-zero journey.

The fund focuses on three sectors accounting for 90% of India's carbon emissions: energy and resource management, mobility and supply chains, and sustainable agriculture and food systems. It is backed by the Green Climate Fund, US DFC, UK Government, SRI Fund, SIDBI, and Azim Premji Trust, reflecting strong institutional confidence in its climate investing thesis.

## Who Benefits

Early-stage climate-tech and sustainability startups in India working on energy transition, clean mobility, sustainable agriculture, and resource efficiency. Founders seeking patient capital with deep domain expertise in climate investing and access to a portfolio network of climate-tech companies for collaboration and knowledge sharing.

Who they work with

Stages
MVP / Prototype Early Revenue
Sectors
Climate, Energy & EV Logistics & Mobility Agritech & Food
Notable alumni
Eeki Foods Aerem Kazam FarMart Eggoz Turno

Programs by Avaana Capital 1

Closed Grant
FundingUp to Rs. 2.5 Cr
Equity-free Idea MVP / Prototype

The Avaana , Startup India Grand Challenge for Deep Tech Innovation 2025, 26 is a nationwide flagship initiative designed to identify and empower breakthrough deep-tech innovators building solutions for India's most critical strategic priorities. Now in its third edition, the Grand Challenge has emerged as one of India's leading platforms for frontier technology startups, backed by policymakers, industry leaders, academia, and capital providers. The program enables startups to accelerate

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Frequently asked questions

What funding programs does Avaana Capital run?

Avaana Capital currently has 1 program listed in this directory, including Avaana , Startup India Grand Challenge for Deep Tech Innovation 2025-26. Each program page covers the funding amount, eligibility and application process.

Is Avaana Capital a government organisation?

Avaana Capital is listed as a vc / investor. It is not a government body, and its programs follow the organisation's own selection process.

How do I evaluate whether a Avaana Capital program fits my startup?

Start with the stages and sectors shown on this profile, then open the program pages for eligibility conditions and document checklists. If you want a structured view, send an enquiry below and an IncorpX advisor will walk you through fit and readiness.

Do I apply to these programs through IncorpX?

No. Applications are always submitted in your own name with the respective program authority. IncorpX is independent of Avaana Capital and provides assistance for application preparation, document organisation and prerequisite registrations such as incorporation, DPIIT recognition, MSME and GST.

Enquire about Avaana Capital

Tell us what you are building and which Avaana Capital program you are evaluating. An IncorpX advisor will help you assess fit and get application-ready.

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Your enquiry goes to the IncorpX advisory team, who will help you evaluate fit and prepare. We are independent of Avaana Capital and never contact organisations on your behalf.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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