Aagama Ventures plans to invest in 15 to 20 startups, and 50% of the fund’s corpus would be reserved for follow-on investments
The fund will participate in seed to Series A rounds with a ticket size of INR 8 Cr to 15 Cr
The fund has received commitments from Mayang Goyal, founder of MoneyHop; Naveen Kukreja, cofounder of Paisabazaar; Bhavesh Gupta, former COO of Paytm, among others
Fintech-focussed VC firm Aagama Ventures has launched INR 400 Cr (around $45 Mn) fund to back early stage fintech startups.
In a statement, the VC firm said it plans to invest in 15 to 20 startups. It will make investments in 4-5 startups every year. Around 50% of the fund’s corpus would be reserved for follow-on investments.
The fund has received commitments from veterans of the financial services sector and fintech founders such as Mayang Goyal, founder of MoneyHop; Naveen Kukreja, cofounder of Paisabazaar; Bhavesh Gupta, former COO of Paytm; and Abhijit Singh, global head of Banking As a Service (BaaS), international banking and digital banking at HDFC Bank.
Talking to Inc42, Shubhanga Prasad, cofounder and partner of Aagama Ventures, said that the firm is looking to mark the first close of the fund by the end of 2025. Institutional investors and family offices are also expected to participate in the fund.
Prasad, Abhishant Pant, and Pankaj Singh came together earlier this year to launch Aagama Ventures. Pant is the founder of early stage investment platform The Fintech Meetup (TFM), while Singh is a partner of angel investor fund Yatra Angel Network (YAN), which is a part of the TFM.
YAN launched its maiden fund of INR 90 Cr in 2021 and has so far made investments in fintech startups like M2P Fintech, PhiCommerce, One Card, among others. The fund claims to have a portfolio value of $300 Mn.
Prasad founded BetaPlus, a friends and family angel investment fund, in 2016 with his friend Chiranth Patil. It has made investments in startups such as Datasutram, HomeLane, PayNearby, Rupeek, among others.
Prasad said that earlier the partners were making small investments with a ticket size between INR 3 Cr to INR 5 Cr via their funds. With Aagama Ventures, they plan to participate in seed to Series A round with a ticket size of INR 8 Cr to 15 Cr.
The fund will focus on three sub-sectors in the fintech space – payments, banking and lending-focussed businesses, fintech ventures which have technologies like AI, data engineering and cybersecurity at their core, and startups offering curated financial services products for specific sectors such as agriculture, health and energy.
The launch of the fintech-focussed fund comes at a time when investor interest continues to be high in the sector. Fintech was the most funded sector in H1 2025, with startups raising over $1.5 Bn via 68 deals.
Meanwhile, fintech startups raised $281 Mn across 20 deals in Q3 2025 as well.