# Ajit Kumar

> Ajit Kumar is a Series C investor at Evolvence India Fund (Mumbai) backing E-Commerce and Beauty. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Evolvence India Fund](https://shizune.co/investors/profile/evolvence-india-fund)
- Location: Mumbai, India
- Total investments: 4
- Last investment: Aug 2025
- Lead investor: 75%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/ajit-kumar-779b4830/?originalSubdomain=in

Ajit Kumar is a Managing Partner at Evolvence India Fund.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 2 | 50% |
| Beauty | 1 | 25% |
| Cosmetics | 1 | 25% |
| Infrastructure | 1 | 25% |
| Supply Chain Management | 1 | 25% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 2 | 50% |
| Series B | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Renee Cosmetics | Renee Cosmetics is an Indian makeup brand that’s redefining beauty with its range of high-quality, 100% cruelty-free, innovative range of products. Renee believes in empowering women to own and enjoy their bold, ambitious persona and let their glam do the talking. Founded by Aashka Goradia, the famed actress and her brand both believe that the artof cosmetics is a true liberator and a beautiful form of expressing oneself in hues, tones, and shades. | $30M | Series C | Aug 07, 2025 |  |
| Renee Cosmetics | Renee Cosmetics is an Indian makeup brand that’s redefining beauty with its range of high-quality, 100% cruelty-free, innovative range of products. Renee believes in empowering women to own and enjoy their bold, ambitious persona and let their glam do the talking. Founded by Aashka Goradia, the famed actress and her brand both believe that the artof cosmetics is a true liberator and a beautiful form of expressing oneself in hues, tones, and shades. | $12M | Series B | Jul 13, 2024 |  |
| Renee Cosmetics | Renee Cosmetics is an Indian makeup brand that’s redefining beauty with its range of high-quality, 100% cruelty-free, innovative range of products. Renee believes in empowering women to own and enjoy their bold, ambitious persona and let their glam do the talking. Founded by Aashka Goradia, the famed actress and her brand both believe that the artof cosmetics is a true liberator and a beautiful form of expressing oneself in hues, tones, and shades. | $25M | Series B | Dec 06, 2022 |  |
| Emiza | Emiza is a tech enabled 3PL with two distinct lines of business warehousing and less than truck load (LTL) distribution. The LTL market in India is highly fragmented and is a major pain area for companies especially in the area of regional and rural distribution. Emiza has built its own network of hubs across North India and runs daily servicesacross these hubs connecting part loads for its customers. Emiza also has its own last mile fleet to deliver parcels from these hubs to every city and district within the region. Emiza's LTL solution allows companies with smaller loads to reach their end customer on time and at a reasonable price point. Emiza's LTL network serves not only the offline market but also serves the online market by giving companies a strong and reliable network for ecommerce deliveries of large parcels, white goods, brown goods, etc.Emiza offers multi-client warehousing and fulfilment solutions to both offline and online customers. Emiza's state of the art fulfilment centres is equipped with a sophisticated warehouse management system which is connected to both ecommerce marketplaces as well as the ERP systems of companies allowing them to seamlessly manage both their online and offline business from one single location thereby optimising inventory. Emiza is also the first 3PL in India to offer both Amazon seller flex (FBA) and SD+ from its own facility. Thus Emiza customers can enjoy the benefit of higher sales by listing their products under FBA or SD+ but having it fulfilled from Emiza's facility. Since Emiza's facilities are multi-client serving both online and offline, Emiza is able to offer a greater level of efficiency and unit economics to SME clients that they would be unable to achieve on their own. Thus Emiza empowers growing SMEs with the warehouse technology, infrastructure and services stack that they need to grow their business online and offline. | $11.6M | Series C |  |  |

4 of 4 investments shown.

## Co-investors
- [Edelweiss Financial Services](https://shizune.co/investors/profile/edelweiss) — VC Fund, 3 deals together
- [100Unicorns](https://shizune.co/investors/profile/9unicorns) — VC Fund, 1 deal together
- [Equanimity Investments](https://shizune.co/investors/profile/equanimity-investments) — VC Fund, 1 deal together
- [Mirabilis Investment Trust](https://shizune.co/investors/profile/mirabilis-investment-trust) — VC Fund, 1 deal together
- [Playbook Partners](https://shizune.co/investors/profile/playbook-partners-38ea) — VC Fund, 1 deal together

## About Evolvence India Fund

VC Fund · Mumbai, India

Evolvence India Fund is a Equity platform that provides international investors with attractive returns within the private markets in India.

3 contacts available at Evolvence India Fund.

| Name | Title | Profile |
| --- | --- | --- |
| Ajit Kumar | Managing partner | https://shizune.co/investors/profile/ajit-kumar-69ef |
| Deependra Singh Dhamu | Principal | https://shizune.co/investors/profile/deependra-singh-dhamu |
| Sagar Agarwal | Director | https://shizune.co/investors/profile/sagar-agarwal-40dd |

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- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Ajit Kumar invest in?

Ajit Kumar invests primarily in E-Commerce, Beauty and Cosmetics startups, most often at Series C 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 Ajit Kumar last invest?

The most recent investment recorded for Ajit Kumar closed in Aug 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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