# AJ Capital

> AJ Capital is a VC fund backing Apps, Internet and Gaming. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 4
- Last investment: Feb 2025
- Lead investor: 25%
- Last updated: Aug 2026

AJ Capital is a family office of Jhunjhunwala family.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Apps | 2 | 50% |
| Internet | 2 | 50% |
| Gaming | 1 | 25% |
| Travel | 1 | 25% |
| E-Commerce | 1 | 25% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 2 | 50% |
| Series B | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 3 | 75% |
| Singapore | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Akasa Air | Akasa Air, a brand of SNV Aviation Private Limited, operates as an Indian low-cost airline. The company offers online flight booking services, providing affordable fares and reliable operations to a growing network of destinations across India. Akasa Air places a strong emphasis on inclusion, genuineness, and mutual respect, aiming to buildIndia's most trusted airline. The company also provides customer care support via email, chat, or call, addressing any queries and concerns of its customers. | $125M | Venture - Series Unknown | Feb 06, 2025 |  |
| Graas | Graas is a provider of e-commerce solutions. | $40M | Series A | Aug 17, 2022 |  |
| Zupee | Zupee is a game publisher specializing in online skill-based games and gamification for learning and skilling. | $72M | Series B | Jan 05, 2022 |  |
| NirogStreet | NirogStreet is a technology-enabled and doctor-led community commerce platform to streamline the supply chain of Ayurvedic services and medicine so that doctors are able to deliver better healthcare to their patients. | $2.5M | Series A | Jul 22, 2021 |  |

4 of 4 investments shown.

## Co-investors
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [Claypond Capital](https://shizune.co/investors/profile/claypond-capital) — VC Fund, 1 deal together
- [Integra Partners](https://shizune.co/investors/profile/dymon-asia-ventures) — VC Fund, 1 deal together
- [360 ONE Asset](https://shizune.co/investors/profile/iifl-asset-management) — VC Fund, 1 deal together
- [Z47](https://shizune.co/investors/profile/matrix-partners-india) — VC Fund, 1 deal together
- [Kejora Capital](https://shizune.co/investors/profile/mountain-kejora) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does AJ Capital invest in?

AJ Capital invests primarily in Apps, Internet and Gaming startups, most often at Series A and Series B stage. Most of the 4 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did AJ Capital last invest?

The most recent investment recorded for AJ Capital closed in Feb 2025. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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