Maiden Fund Close Strengthens Early-Stage Capital Availability
Equirus InnovateX Fund (EIF), the early-stage venture arm of the Equirus Group, has announced the final close of its maiden B2B tech fund at ₹166 crore. The SEBI-registered Category I Alternative Investment Fund focuses on seed to pre-Series A startups building in SaaS, deep tech, and fintech sectors.
The fund aims to support startups that have launched products and are progressing toward product-market fit, with emphasis on defensibility, distribution strength, and sustainable business models.
Investor Participation and Portfolio Deployment
The fund attracted domestic and global investors, including founders and operators such as Girish Gaitonde, M.R. Jyothy, Dhimant Bhayani, Raj P., Shankar Vailaya, and Nitin Seth. EIF is led by Krishna Jha, Sunder Nookala, and Sadhika Agarwal, who bring operational and investment experience across enterprise technology and venture scaling.
EIF has already deployed over one-third of its corpus, backing seven startups including Pointo, Datazip, GreenStitch, CtrlB, Consuma AI, RSPL, and NeverInstall. The fund targets a portfolio of up to 15 companies, with remaining capital expected to be invested over the next 12 to 18 months.
Focus on Enterprise Access and Long-Term Value Creation
Beyond capital, EIF supports founders with enterprise access, regulatory guidance, hiring, and fundraising preparation. The fund emphasises governance and long-term value creation while helping startups scale in competitive B2B technology markets.
The fund’s closure reflects growing investor confidence in India’s enterprise technology ecosystem, where early-stage startups are building globally relevant products.
Keep building. Keep learning. Keep growing with StartupByDoc.