Enlighten Angel Fund, an early-stage startup fund, has raised Rs 100 crore from limited partners (LPs) for its Fund 1, also received approval from SEBI to operate as an alternative investment fund (AIF) in the first week of December 2024.
The company said in a statement that it is rebranding itself as Enlighten Capital to reflect the transition to a full micro VC fund.
Enlighten Capital has also started fundraising for its Rs 100 crore greenshoe option, aiming to strengthen its support for emerging entrepreneurs in India. Aligning with the nation’s vision for innovation and sustainable development, the fund is set to prioritize emerging technologies and disruptive startups.
“Our focus is on sectors driving change – emerging technologies, smart manufacturing, mobility and fintech. These industries hold immense potential for growth and social impact, and we are excited to support the bold innovations leading this charge,” added General Arvind Subramaniam. Partner at Enlighten Capital.
General Partner Kaushik Shekhar added, “We believe in the transformative power of startups to shape India’s future. Through Enlighten Capital, we are dedicated to creating a positive impact on the ecosystem by supporting founders building important solutions.”
Enlighten Capital is led by General Partners Kaushik Shekhar and Arvind Subramaniam with a partner team of Gautam Shekhar, Snehali Mansingh Khamkar and Rohit Mohan.
Kaushik started his career in technology with Sutherland and CITI and later focused on consulting and angel investing. Coimbatore-based Arvind Subramaniam is an entrepreneur and operator-turned-venture capitalist.