# State Bank of India

> State Bank of India is a VC fund backing Financial Services and Energy. See 75 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 75
- Last investment: Jul 2026
- Lead investor: 49%
- Fund size: $30M
- Last fund: Jun 2016
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/sbi-life-insurance-co--ltd-/
- X (Twitter): http://twitter.com/sbibank.ok
- Website: https://www.sbi.co.in
- Facebook: https://www.facebook.com/StateBankOfIndia

State Bank of India is a VC fund in Mumbai focused on Financial Services and Energy. The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation headquartered in Mumbai, Maharashtra. The company is ranked 216th on the Fortune Global 500 list of the world's biggest corporations as of 2017. It is the largest bank in India with a 23% marketshare in assets, besides a share of one-fourth of the total loan and deposits market.

## Contacts

5 contacts available for State Bank of India. Shizune tracks 5 team members at State Bank of India. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/state-bank-of-india?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 18 | 24% |
| Energy | 9 | 12% |
| Finance | 9 | 12% |
| FinTech | 6 | 8% |
| Real Estate | 6 | 8% |

87 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 32 | 43% |
| Post-IPO Debt | 14 | 19% |
| Funding Round | 6 | 8% |
| Series B | 3 | 4% |
| Corporate Round | 3 | 4% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 55 | 73% |
| United States | 2 | 3% |
| Israel | 1 | 1% |
| Nigeria | 1 | 1% |
| Vietnam | 1 | 1% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Arundhati Bhattacharya | Chairman | 1 | https://shizune.co/investors/profile/arundhati-bhattacharya |
| Debasish Mishra | General Manager; Chief General Manager | 0 | https://shizune.co/investors/profile/debasish-mishra-bba8 |
| Dhiren Ponnusamy | Independent Director | 0 | https://shizune.co/investors/profile/dhiren-ponnusamy |
| Joohi Smita Sinha | CGM; GM | 0 | https://shizune.co/investors/profile/joohi-smita-sinha |
| Manish Singhal | General Manager (IBG) | 0 | https://shizune.co/investors/profile/manish-singhal-2052 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Avaada | Business and sustainability can go hand-in-hand. Their unique strategy interweaves business goals with environmental sustainability and social responsibility, producing mutually beneficial results. By contributing to community’s socio-economic development in the short-term, they foresee delivery of continual value to their shareholders. Throughtheir community engagement initiatives, they are contributing to uplift the lifestyle of communities they work with. | $1.3B | Debt Financing | Jul 31, 2026 |  |
| Avaada | Business and sustainability can go hand-in-hand. Their unique strategy interweaves business goals with environmental sustainability and social responsibility, producing mutually beneficial results. By contributing to community’s socio-economic development in the short-term, they foresee delivery of continual value to their shareholders. Throughtheir community engagement initiatives, they are contributing to uplift the lifestyle of communities they work with. | $950M | Debt Financing | Jun 01, 2026 |  |
| JSW Motors | JSW Motors designing and manufacturing next-generation passenger vehicles, specifically focusing on Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs). | $831.6M | Debt Financing | May 21, 2026 |  |
| Credit Saison India | Credit Saison India is a wholly owned subsidiary of Credit Saison Co. Ltd, a Japanese credit card/prepaid card issuer. Credit Saison India has offices in Bangalore and Mumbai. | $500M | Debt Financing | May 21, 2026 |  |
| Power Grid Corporation of India | POWER GRID CORPORATION OF INDIA LIMITED (POWERGRID), the Central Transmission Utility (CTU) of the country under Ministry of Power is one amongst the largest Power Transmission utilities in the world. POWERGRID is playing a vital role in the growth of Indian power sector by developing a robust Integrated National Grid and associating in theflagship programme of Govt. of India to provide Power for all. Innovations in Technical & Managerial fields has resulted in coordinated development of power transmission network and effective operation and management of Regional and National Grid. | $422.1M | Post-IPO Debt | Apr 30, 2026 |  |
| Sahamati Foundation | Sahamati is an industry alliance for the Account Aggregator Ecosystem. | $5.3M |  | Apr 28, 2026 |  |
| ThunderPlus | ThunderPlus is an Indian EV charging company that specializes in EV infrastructure and solutions. It is the result of seasoned cleantech founders. | $326.3K | Debt Financing | Mar 06, 2026 |  |
| BillionE (BillionElectric) | BillionE (BillionElectric) offers a variety of services, such as infrastructure for charging electric automobiles. |  | Debt Financing | Jan 13, 2026 |  |
| Horizon Industrial Parks | Horizon Industrial Parks is an industrial and logistics firm that provides construction and property management services. | $200M | Venture - Series Unknown | Dec 29, 2025 |  |
| Petronet LNG | Petronet LNG promotes and develops LNG as motor vehicle fuels and for other small scale consumption.Petronet LNG is one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahejterminal has a nominal capacity of 17.5 MMTPA, the Kochi terminal has a capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.Petronet LNG is at the forefront of India's all-out national drive to ensure the country's energy security in the years to come.Formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players. Our promoters are GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The authorized capital is Rs. 3000 crore. | $1.3B | Post-IPO Debt | Dec 10, 2025 |  |

10 of 75 investments shown.

## Co-investors
- [Axis Bank](https://shizune.co/investors/profile/axis-bank) — VC Fund, 7 deals together
- [HDFC Bank](https://shizune.co/investors/profile/hdfc-bank) — VC Fund, 7 deals together
- [Standard Chartered Bank](https://shizune.co/investors/profile/standard-chartered-bank) — VC Fund, 6 deals together
- [HSBC](https://shizune.co/investors/profile/hsbc) — VC Fund, 5 deals together
- [ICICI Bank](https://shizune.co/investors/profile/icici-bank) — VC Fund, 5 deals together
- [Sumitomo Mitsui Banking Corporation](https://shizune.co/investors/profile/sumitomo-mitsui-banking-corporation) — VC Fund, 5 deals together

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## FAQ

### What does State Bank of India invest in?

State Bank of India invests primarily in Financial Services, Energy and Finance startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 75 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 State Bank of India?

Public channels for State Bank of India 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 State Bank of India?

The team at State Bank of India includes Arundhati Bhattacharya (Chairman), Debasish Mishra (General Manager; Chief General Manager) and Dhiren Ponnusamy (Independent 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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