# Ajay Maniar

> Ajay Maniar is a Series B investor at Aavishkaar Venture Capital backing Banking and Finance. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Aavishkaar Venture Capital](https://shizune.co/investors/profile/aavishkaar-goodwell)
- Location: Mumbai, India
- Total investments: 5
- Last investment: Jun 2021
- Lead investor: 40%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/ajay-maniar-6b229622

Ajay Maniar is a Series B investor at Aavishkaar Venture Capital in Mumbai focused on Banking and Finance. Ajay Maniar is based out of Mumbai, Maharashtra and is the partner of Aavishkaar Venture Capital. Ajay previously worked at CARE on undertaking credit rating assignments. Ajay Maniar attended JBIMS, Mumbai.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Banking | 1 | 20% |
| Finance | 1 | 20% |
| Railroad | 1 | 20% |
| Education | 1 | 20% |
| Logistics | 1 | 20% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 20% |
| Series C | 1 | 20% |
| Series D | 1 | 20% |
| Debt Financing | 1 | 20% |
| Venture - Series Unknown | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Little Laureates | Little Laureates operates a chain of affordable preschools. | $5.4M | Venture - Series Unknown | Jun 30, 2021 |  |
| GoBolt | GoBOLT is a tech-logistics company operating in Line Haul & Short Haul Trucking, creating value through dis-intermediation, increased asset utilization and extensive use of technology. We are building a next generation logistics platform with disruptive operating models, simple yet scalable processes & digitization at its core | $19.9M | Series B | Jun 27, 2021 |  |
| Utkarsh Micro Finance | Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need ofcapital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged. | $21M | Series D | Dec 22, 2014 |  |
| Utkarsh Micro Finance | Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need ofcapital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged. | $12M | Debt Financing | Dec 20, 2013 |  |
| Utkarsh Micro Finance | Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need ofcapital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged. | $3.6M | Series C | Apr 08, 2013 |  |

5 of 5 investments shown.

## Co-investors
- [Nordic Microfinance Initiative](https://shizune.co/investors/profile/norwegian-microfinance-initiative) — VC Fund, 3 deals together
- [Lok Capital](https://shizune.co/investors/profile/lok-capital-2) — VC Fund, 1 deal together
- [Paragon Partners, India](https://shizune.co/investors/profile/paragon-partners-2) — VC Fund, 1 deal together

## About Aavishkaar Venture Capital

VC Fund · Mumbai, India

AGIMDC invests in start ups, transforming NBFCs and mature MFIs. AGIMDC was sponsored by the Dutch fund Goodwell Microfinance Development Company. AGIMDCâ€:tm:s investment managers have extensive experience in private equity and microfinance.

5 contacts available at Aavishkaar Venture Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Amol Ganu | Associate Vice President | https://shizune.co/investors/profile/amol-ganu |
| Anurag Agrawal | Partner | https://shizune.co/investors/profile/anurag-agrawal-3 |
| Sanchayan Chakraborty | Partner | https://shizune.co/investors/profile/sanchayan-chakraborty-f8cf |
| Ajay Maniar | Partner | https://shizune.co/investors/profile/ajay-maniar |
| Jayesh Parekh | Investment Committee Member | https://shizune.co/investors/profile/jayesh-parekh |

## Similar investors

### Similar stage
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## FAQ

### What does Ajay Maniar invest in?

Ajay Maniar invests primarily in Banking, Finance and Railroad startups, most often at Series B and Series C stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Ajay Maniar last invest?

The most recent investment recorded for Ajay Maniar closed in Jun 2021. Shizune tracks 5 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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