Aagama Ventures announced the launch of a ₹400 crore early-stage fund to back fintech startups. The fund is led by Abhishant Pant, Shubhanga Prasad, and Pankaj Singh.
The funds aim to invest in 15-20 startups and reserve 50% of the capital for follow-on investments. The fund aims to invest in 4-5 startups every year.
Aagama Ventures will focus on three themes:
- Core Fintech: Payments, lending, wealth, and insurtech designed to scale responsibly both in India and across borders, for individuals and businesses alike
- Infrastructure & Deep Tech: AI, Data Engineering & Analytics, Cybersecurity, Core Banking, Insurance and wealth infrastructures, besides emerging climate-tech platforms powering digital finance delivery
- Embedded Finance: Sector-focused platforms (agri, health, energy) integrating financial services into niche verticalised distribution moats
The fund has received commitments from veterans of the finance and technology sector such as Rajat Monga (ex-YES Bank), Ashish Singhal (CEO, IBDIC), Bhavesh Gupta (ex-Paytm), Abhijit Singh (HDFC), Pratap Singh (ex-ICICI UK), Nilesh Gokral (Motilal Oswal), Vivek Belgavi (PwC), Naveen Kukreja (ex-CEO PaisBazaar), Aditya Tulsiyan (Founder, AxiTrust), Chiranth Patil (Co-founder, Riskcovry), Mayank Goyal (Founder, MoneyHop), Asif CH (CTO, Riskcovry) and Vivek Padi (Principal Engineer, Qualcomm), among others.
Abhishant Pant said, “We started this journey seven years ago with the idea that as the market and venture funding grow, we will always have a ready pool of founders, investors, and institutions to catalyze India’s fintech story.”
Pankaj Singh said, “We are now moving from just writing the first check to a larger seed check where we can meaningfully contribute to the journey of the organization.”
Shubhanga Prasad said, “This is possibly the first homegrown India-focused fintech fund built on the strength of a network rather than institutional backing or family wealth, and it’s testimony to the power of social capital. We see it as a generational opportunity to support founders shaping access to finance in India and beyond.”
