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.