Ashish Dave, former CEO of Mirae Asset Venture Investments (India), has launched Sanskrit Capital, a Mumbai-based venture capital firm targeting a corpus of ₹700 crore to ₹1,000 crore for its maiden fund. The fund aims to invest in Series B and Series C startups that have achieved product-market fit and are seeking to scale, according to inc42.com.
Sanskrit Capital will operate as a single general partner fund and is in the process of obtaining SEBI approval as an alternative investment fund. The firm plans to raise capital from domestic family offices, entrepreneurs, and startup founders. It intends to write cheques ranging from ₹50 crore to ₹150 crore, reserving capital for follow-on investments in high-conviction portfolio companies, inc42.com reported.
The fund will be sector-agnostic but is expected to focus on fintech, consumer internet, logistics, healthcare, and enterprise AI. Sanskrit Capital’s launch reflects a broader trend in India’s venture capital ecosystem, where veteran investors are starting independent funds after exiting previous firms. This move aligns with the evolving investment landscape in India’s startup sector, inc42.com noted.
Sanskrit Capital’s website describes it as an early and growth-stage investment firm. Ashish Dave declined to comment on the fund’s details. The firm’s progress in securing SEBI approval and capital commitments will be key milestones in the coming months, according to inc42.com.