# Evolvence India Fund

> Evolvence India Fund is a VC fund backing E-Commerce and Financial Services. See 48 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 48
- Last investment: Nov 2025
- Lead investor: 35%
- Last updated: Aug 2026
- Website: http://evolvenceindia.com

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

## Contacts

5 contacts available for Evolvence India Fund. Shizune tracks 3 team members at Evolvence India Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/evolvence-india-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 7 | 15% |
| Financial Services | 6 | 13% |
| Finance | 4 | 8% |
| Retail | 3 | 6% |
| Internet | 3 | 6% |

50 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 7 | 15% |
| Series E | 5 | 10% |
| Series D | 4 | 8% |
| Venture - Series Unknown | 4 | 8% |
| Series B | 3 | 6% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 21 | 44% |
| Singapore | 1 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ajit Kumar | Managing partner | 4 | https://shizune.co/investors/profile/ajit-kumar-69ef |
| Deependra Singh Dhamu | Principal | 1 | https://shizune.co/investors/profile/deependra-singh-dhamu |
| Sagar Agarwal | Director | 7 | https://shizune.co/investors/profile/sagar-agarwal-40dd |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| AgroStar | AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity andincome.We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers.AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country.Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit. | $30M | Venture - Series Unknown | Nov 20, 2025 |  |
| Infra.Market | Infra.Market is a construction solutions company that creates a multi-product building materials brand, they are transforming the ecosystem through leveraging technology and scaling innovation. Infra.Market offers a wide range of construction materials, including cement, steel, chemicals, and more, catering to various needs within the constructionindustry. The platform is a one-stop shop for construction materials, leveraging technology to simplify procurement and logistics. | $83M | Series G | Sep 18, 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. | $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. | $30M | Series C | Aug 07, 2025 |  |
| Saarathi Finance | Saarathi Finance provides small and medium business credit solutions. | $55.6M | Series A | May 28, 2025 |  |
| AgroStar | AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity andincome.We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers.AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country.Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit. | $6.7M | Series E | Apr 08, 2025 |  |
| Infra.Market | Infra.Market is a construction solutions company that creates a multi-product building materials brand, they are transforming the ecosystem through leveraging technology and scaling innovation. Infra.Market offers a wide range of construction materials, including cement, steel, chemicals, and more, catering to various needs within the constructionindustry. The platform is a one-stop shop for construction materials, leveraging technology to simplify procurement and logistics. | $121M | Series F | Jan 23, 2025 |  |
| Rebel Foods | Rebel Foods is a foodtech company that operates multiple food brands using a cloud kitchen to deliver food on demand. The company develops a range of food brands focused on various consumer dining occasions. The company combines culinary expertise with advanced technology to enhance food quality and delivery efficiency. Its innovation centersfoster creativity in cooking, ensuring high standards in ingredient sourcing and preparation. | $210M | Series G | Dec 12, 2024 |  |
| Rebel Foods | Rebel Foods is a foodtech company that operates multiple food brands using a cloud kitchen to deliver food on demand. The company develops a range of food brands focused on various consumer dining occasions. The company combines culinary expertise with advanced technology to enhance food quality and delivery efficiency. Its innovation centersfoster creativity in cooking, ensuring high standards in ingredient sourcing and preparation. |  | Secondary Market | Dec 12, 2024 |  |
| Veritas Finance | Veritas Finance focuses on meeting the financial needs of the micro, small, and medium enterprises. Veritas Finance Private Limited is an organization started with the primary intention of reaching out to the customers who either have no access or inadequate access to financial services in the informal sector. 'Veritas' in Latin meanstruth. True to its name, Veritas is focused on making a true impact through inclusive access to financial services on the customers engaged in informal activities.The company is run by professionals with rich experience in the financial services industry that aims to make availing credit easy to this segment and make a positive impact on the lives of millions of Indians engaged in informal activities and who actually build the nation. | $28.6M | Private Equity | Sep 09, 2024 |  |

10 of 48 investments shown.

## Co-investors
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 12 deals together
- [Norwest](https://shizune.co/investors/profile/norwest-venture-partners) — VC Fund, 8 deals together
- [Tiger Global Management](https://shizune.co/investors/profile/tiger-global) — VC Fund, 8 deals together
- [Peak XV Partners](https://shizune.co/investors/profile/sequoia-india-2) — VC Fund, 7 deals together
- [Edelweiss Financial Services](https://shizune.co/investors/profile/edelweiss) — VC Fund, 6 deals together
- [Lok Capital](https://shizune.co/investors/profile/lok-capital-2) — VC Fund, 6 deals together

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## FAQ

### What does Evolvence India Fund invest in?

Evolvence India Fund invests primarily in E-Commerce, Financial Services and Finance startups, most often at Series C and Series E stage. Most of the 48 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Evolvence India Fund?

Public channels for Evolvence India Fund 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 Evolvence India Fund?

The team at Evolvence India Fund includes Ajit Kumar (Managing partner), Deependra Singh Dhamu (Principal) and Sagar Agarwal (Director). 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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