Asas Capital
VC Fund
Dubai, United Arab Emirates
Asas Capital is a VC fund in Dubai focused on Artificial Intelligence and Machine Learning. Asas Capital aims to build the most dynamic, reputable, and high performing Asset Management Company in the GCC, focused on opportunities in MENA and Emerging Markets. Asas brings together the competencies of a Global Investment firm with the independence and agility of a Boutique.Their quest for investment excellence is anchored by theirobsession with the highest ethical standards and alignment of their interests with their partners, to cultivate stable long-term strategic relationships.
- Total investments:
- 10
- Last investment:
- Lead investor:
- 0%
Last updated:
For AI agents: llms.txt
Industries Asas Capital invests in
Artificial IntelligenceMachine LearningSaaSEdTechTraining
Stages Asas Capital invests in
Secondary MarketVenture - Series UnknownSeries ASeries EPrivate Equity
Countries Asas Capital invests in
United StatesIndiaCanadaSingapore
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Himanshu Khandelwal
|
|||
Kiran Kushal
|
|||
|
Matein Khalid
|
|||
Riyad Alhoraibi
|
|||
Sana Javed
|
Investment Focus
Industry
- Artificial Intelligence 4 (40%)
- Machine Learning 3 (30%)
- SaaS 2 (20%)
- EdTech 2 (20%)
- Training 2 (20%)
Stage
- Secondary Market 5 (50%)
- Venture - Series Unknown 2 (20%)
- Series A 1 (10%)
- Series E 1 (10%)
- Private Equity 1 (10%)
Country
- United States 6 (60%)
- India 2 (20%)
- Canada 1 (10%)
- Singapore 1 (10%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Himanshu Khandelwal
Managing Director; Managing Director
|
Managing Director; Managing Director | Total investments: 0 | Find email | |
|
Kiran Kushal
Analyst
|
Analyst | Total investments: 0 | Find email | |
|
Matein Khalid
Chief Investment Officer
|
Chief Investment Officer | Total investments: 0 | Find email | |
|
Riyad Alhoraibi
CEO and Co-Founder
|
CEO and Co-Founder | Total investments: 0 | Find email | |
|
Sana Javed
Associate Director; Associate Director
|
Associate Director; Associate Director | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Udacity
|
Udacity develops an online learning platform offering programs in artificial intelligence, machine learning, and robotics sector, as well as data science, autonomous systems, and cloud computing.It offers nanodegree programs such as front-end and senior web developer, full-stack web developer, data analyst, machine learning engineer, iOS andAndroid developer, programming introduction, tech entrepreneur, iOS app development beginning, Ruby beginning, and 2D mobile game developer courses. Udacity's online courses teach the skills that industry employers need and deliver credentials endorsed by employers. The company aims to democratize education making it affordable and accessible to get the jobs they desire to improve their lives. David Stavens, Mike Sokolsky, and Sebastian Thrun founded it in 2011, with its headquarters in Mountain View in California. | $5M / Venture - Series Unknown / Aug 27, 2021 | |
Automation Anywhere
|
Automation Anywhere is a global company that specialises in Robotic Process Automation, offering AI-powered software bots that automate repetitive tasks. The company's cloud-native platform integrates RPA, artificial intelligence, machine learning, and analytics to enhance productivity, customer experience, and employee engagement. | Secondary Market / Jun 23, 2021 | |
Trax
|
Trax provides offers in-store execution tools, market measurement services, and data science solutions for retail.Its mission is to enable brands and retailers to harness digital technologies' power to produce the best shopping experiences imaginable. Trax’s retail platform allows customers to understand what is happening on a shelf, inevery store, all the time so they can focus on what they do best – delighting shoppers. Many of the world’s top CPG companies and retailers use Trax’s dynamic merchandising, in-store execution, shopper engagement, market measurement, analytics, and shelf monitoring solutions at scale to drive positive shopper experiences and unlock revenue opportunities at all points of sale. As a pioneer in computer vision, Trax continues to lead the industry in innovation and excellence through the development of advanced technologies and autonomous data collection methods. Trax is a global company with hubs in the United States, Singapore, and Israel, serving customers in more than 90 countries worldwide. | $640M / Series E / Apr 07, 2021 | |
Nobul Technologies
|
Nobul is a technology-driven real estate marketplace in which any agent from any brokerage can compete for the consumer's business. It provides consumers with options, agents with accountability, and overall real estate transparency.Regan McGee founded the company in 2017. It aims to empower customers by providing them with all of theinformation they need to learn about such as sales history and verified reviews. | Venture - Series Unknown / Feb 28, 2021 | |
ThoughtSpot
|
ThoughtSpot is the AI-native Intelligence Platform for every enterprise. Our mission is to create a more fact-driven world by empowering everyone to explore any data, ask any question, and uncover actionable insights faster—leading to growth, better business outcomes, and efficiency in their organizations. With ThoughtSpot’s intuitive naturallanguage search, every user can confidently generate answers from their business data at every point of decisioning. The platform’s unified capabilities, along with our agentic AI analyst, Spotter, enable users to create precise, transparent, personalized, and actionable insights with enterprise grade trust, security, and scale. Accessible via the web and mobile app, ThoughtSpot ensures intelligent decision-making happens seamlessly, wherever and whenever needed. For developers, ThoughtSpot Embedded offers a low-code solution to integrate AI-powered analytics directly into products and services, driving data monetization and boosting user engagement for customers. Industry leaders like NVIDIA, Hilton Worldwide, Capital One and Huel rely on ThoughtSpot to transform how their employees and customers take advantage of data to create better business outcomes. Try ThoughtSpot today and experience the new era of analytics.The company was co-founded in 2012 by its CEO Ajeet Singh and six other technical co-founders from Google, Microsoft, Amazon, and Oracle. It is based in Palo Alto, CA, and is currently expanding operations in North America, Europe, and Asia-Pacific. | Secondary Market / Jan 20, 2021 | |
InCred
|
InCred is a financial services platform that leverages technology and data-science to make lending quick and easy. It uses technology and data-science to make lending quick, simple and hassle-free. InCred offers a broad portfolio of products that cuts across affordable home loans, personal loans, education loans and SME business loans. | Private Equity / Jan 10, 2021 | |
Eat Just
|
Eat Just offers a plant-based egg substitute intended to provide healthy and nutritional food alternatives.It applies cutting-edge science and technology to create healthier, more sustainable foods and the key ingredient is protein from the mung bean and it is cholesterol-free, non-GMO, and packed with as much protein as many animal proteins andwhile it cooks and tastes like eggs. Its ingredients use less water, less land, and emit less CO2e than conventional animal sources, enabling customers to prepare their food items with the required nutrients and protein of an egg.It was founded by Josh Balk and Josh Tetrick in San Francisco, California in 2011. | Secondary Market / Jan 01, 2021 | |
Udemy
|
Udemy's mission is to create new possibilities for people and organizations everywhere by connecting them to the knowledge and skills they need to succeed in a changing world. The Udemy marketplace platform, with thousands of up-to-date courses in dozens of languages, provides the tools learners, instructors, and enterprises need to achievetheir goals and reach their full potential. Millions of people learn on Udemy from real-world experts in topics ranging from programming and data science to leadership and team building. For companies, Udemy Business offers an employee training and development platform with subscription access to thousands of courses, learning analytics, and the ability to host and distribute their own content. | $33.2M / Secondary Market / Oct 25, 2020 | |
Hero Electric
|
In the year 1956, the foundation of brand Hero was laid by Late Mr. Dayanand Munjal with a vision of providing mobility to millions in India. In the following years, the brand expanded itself enormously in varied fields like Bicycles, Motorcycles, Healthcare, etc. and became the most renowned & trusted name worldwide. | Series A / Apr 20, 2020 | |
Impossible Foods
|
Impossible Foods focuses on developing plant-based substitutes for meat, dairy, and fish products. It selects specific proteins and nutrients from greens, seeds, and grains to recreate the experience of meats and dairy products. Founded by Patrick Brown and Monte Casino in 2011, Impossible Foods is headquartered in Redwood City, California. | Secondary Market / Aug 05, 2019 |
Co-Investors
Manhattan Venture Partners (MVP)
2 deals together
Vershina Capital
2 deals together
10X Capital
1 deal together
The Ultima Ventures
1 deal together
BlackRock
1 deal together
Cambium Grove Capital
1 deal together
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FAQ
What does Asas Capital invest in?
Asas Capital invests primarily in Artificial Intelligence, Machine Learning and SaaS startups, most often at Secondary Market and Venture - Series Unknown stage. Most of the 10 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Asas Capital?
Public channels for Asas Capital include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Asas Capital?
The team at Asas Capital includes Himanshu Khandelwal (Managing Director; Managing Director), Kiran Kushal (Analyst) and Matein Khalid (Chief Investment Officer). The Team section lists each member with their title, investment count and links.
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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