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Reliance Industries, VC Fund

Reliance Industries

VC Fund

Mumbai, India

Reliance Industries is a VC fund in Mumbai focused on Manufacturing and Artificial Intelligence. Reliance Industries is engaged in the exploration, development, and production of crude oil and natural gas in India and internationally. Reliance Industries is the second-largest publicly traded company in India by market capitalization and is the second-largest company in India by revenue after the state-run Indian Oil Corporation. Across alleconomic and social spheres, Reliance's product and service portfolio affects nearly all Indians on a daily basis.

Total investments:
29
Last investment:
Lead investor:
76%
Fund size:
$749M
Last fund:

Last updated:

Industries Reliance Industries invests in

ManufacturingArtificial IntelligenceInternetSoftwareMachine Learning

Stages Reliance Industries invests in

Corporate RoundSeedSeries BFunding RoundPost-IPO Equity

Countries Reliance Industries invests in

IndiaUnited StatesIsraelUnited Kingdom

Round sizes

Seed $2.8M–$4.2MSeries B $50M–$132MCorporate Round $1.7M–$180M

Contacts

NameEmailPhoneSocials
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Round size

Seed
$2.8M–$4.2M
Series B
$50M–$132M
Corporate Round
$1.7M–$180M

Investment Focus

Industry

  • Manufacturing 4 (14%)
  • Artificial Intelligence 4 (14%)
  • Internet 3 (10%)
  • Software 3 (10%)
  • Machine Learning 3 (10%)
See all 76 industries →

Stage

  • Corporate Round 7 (24%)
  • Seed 3 (10%)
  • Series B 2 (7%)
  • Funding Round 2 (7%)
  • Post-IPO Equity 2 (7%)
See all 14 stages →

Country

  • India 15 (52%)
  • United States 4 (14%)
  • Israel 1 (3%)
  • United Kingdom 1 (3%)

Team

NameTitleInvestmentsLinksEmail
Ankur Bhatnagar
Ankur Bhatnagar Head skyTran Initiative, Chairman's Office
Head skyTran Initiative, Chairman's Office Total investments: 0
Find email
Archana Walavalkar
Archana Walavalkar Creative Head
Creative Head Total investments: 0
Find email
Bijay Sahoo
Bijay Sahoo President - H R, Reliance Retail & Ecom
President - H R, Reliance Retail & Ecom Total investments: 1
Find email
Hital Meswani
Hital Meswani Executive Director
Executive Director Total investments: 0
Find email
CEO Total investments: 0 Find email
See all 14 team members →

Investments

CompanyDescriptionRoundLinks
Digantara develops infrastructure and data solutions for monitoring objects and traffic in Earth orbit to support safer space operations and reduce collision risks for satellites. The company builds and integrates hardware, analytics, and software systems that combine multimodal sensor data into platforms for space situational awareness and missionassurance. It designs space surveillance tools including satellite-based sensors and ground-based systems to generate real-time orbital insights for customers such as satellite operators and agencies concerned with space traffic management. Digantara also supports analytical services that help interpret space object behavior and provides ongoing development of its data platforms and tracking capabilities. $50M / Series B / Dec 16, 2025
Wavetech Helium is in charge of the helium gas resources and reserves in two of the world's top helium fairways, E-SE Colorado/W Kansas and NW Montana. $12M / Venture - Series Unknown / Nov 28, 2024
Mahan Energen
Mahan Energen is a company that engages in the generation and supply of power. It is a wholly-owned subsidiary of Adani Power. $6M / Corporate Round / Mar 28, 2024
Viacom 18 Media Pvt. Ltd. is one of India's fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multicultural brand experiences. A joint venture of Viacom Inc and the Network18 Group, Viacom18 defines entertainment in India by touching people onair, online, on ground, in shopand through its cinema. $517.4M / Secondary Market / Mar 13, 2024
They are India's largest fully integrated textile company with a dominant presence in the Cotton and Polyester segments. Their strategy for attaining this position was indeed simple : They have focused on world class infrastructure, best-in-class technology, uncompromising quality standards and dynamic product innovation. $396.4M / Post-IPO Equity / Jan 02, 2024
Dunzo is a hyper-local delivery app that connects users to the nearest delivery partner. The delivery and e-commerce company offers services that include delivery of packages, groceries, food, medicines, pet supplies, and more. It strives to advance the retail landscape by providing micro, small and medium-sized enterprises (MSMEs) with digitaltools and solutions to streamline and facilitate eCommerce sales. Dunzo is backed by investors Alteria Capital, Google, Lightbox, Evolvence, LGT Lightstone Aspada, and S Korea's Hana Financial Investment.It was co-founded by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha in Bengaluru, Karnataka, India in 2015. $75M / Convertible Note / Apr 06, 2023
Synchron manufactures and markets a medical device that can be delivered to the brain with a catheter to record neuron signals that might be used to control an advanced prosthetic. $75M / Series C / Dec 15, 2022
Viacom 18 Media Pvt. Ltd. is one of India's fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multicultural brand experiences. A joint venture of Viacom Inc and the Network18 Group, Viacom18 defines entertainment in India by touching people onair, online, on ground, in shopand through its cinema. $2B / Venture - Series Unknown / Apr 27, 2022
Addverb provides intra-logistics automation solutions based on industry 4.0 technologies. It aims to improve operations on a sustainable basis that provides clients a competitive advantage by strengthening their entire supply chain. Addverb takes a 4D approach comprising discover, design, deliver, and dedicated support for the digitaltransformation of material handling processes, aimed at augmenting safety, scalability, and flexibility.Addverb's services include automated guided vehicles, pallet shuttle, and industrial IOT assistance that offer technical insight and rich operational experience to integrate operational technology and information technology to design and implement better automation assistance. $132M / Series B / Feb 15, 2022
MagniLearn, an AI-centric startup that provides students with individualized lessons based on their progress. $2.8M / Seed / Oct 19, 2021
See all 29 investments →

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FAQ

What does Reliance Industries invest in?

Reliance Industries invests primarily in Manufacturing, Artificial Intelligence and Internet startups, most often at Corporate Round and Seed stage. Most of the 29 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

What is Reliance Industries's check size?

Reliance Industries typically joins rounds of $2.8M–$4.2M at Seed, $50M–$132M at Series B and $1.7M–$180M at Corporate Round. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Reliance Industries participates in.

How do I contact Reliance Industries?

Public channels for Reliance Industries include LinkedIn, X (Twitter) and 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 Reliance Industries?

The team at Reliance Industries includes Ankur Bhatnagar (Head skyTran Initiative, Chairman's Office), Archana Walavalkar (Creative Head) and Bijay Sahoo (President - H R, Reliance Retail & Ecom), among 14 team members tracked by Shizune. 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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