Ventureast is anInstitutional member of The Chennai Angels.
Ventureast is an Indian VC fund manager with close to $300 million under management. The company has a rich history of investing in innovative businesses across multiple sectors, and multiple stages of a business, from seed and early to growth stages.
Ventureast was established in the mid-90’s by a team of founders with rich entrepreneurial experience. Ventureast is led by Sarath Naru and a strong founding team which has been together for over a decade now. The team consists of Ramesh Alur, Raghuveer Mendu, Siddhartha Das, Chandra Shekhar Reddy Kundur and Venkatadri Bobba.
Ventureast’s first fund, APIDC Venture Capital Fund, catalysed the first effective privatisation of a financial institution in India. This became the platform from which many series of funds sprung up.
Subsequently, the Ventureast Tenet Fund was set up in a unique partnership with the Tenet Group of IIT Madras, a first-of-its-kind incubation, seed and early stage fund in India. Ventureast Tenet Fund II was set up in 2007 with a similar sector focus. These funds enable the company to foster seed stage companies which build unique technologies/ products/ applications in technology (internet, mobile and cloud), and technology-enabled (healthcare, education, financial services and cleantech) sectors. Additionally, the Fund focuses on startups which better leverage technologies to gain rapid leadership in meeting the needs of the digital divide/bottom of the pyramid sectors in India.
Ventureast launched the Biotechnology Venture Fund in 2005, the first Life Sciences focussed Indian venture capital fund. Investments from this fund included cross–border deals, drug discovery and the biodiesel space. Its successor fund, the Ventureast Life Fund, set up in 2011, focuses on cleantech,food& agriculture, and healthcare sectors.
The Ventureast Proactive Fund, launched in 2008, focuses on early to growth stage companies in the technology-enabled sectors, with primary emphasis on India’s needs. Investments made by this fund span a wide range of areas including infrastructure related services, retail and consumer driven sectors.