Scale Up Trust — Enlighten Capital | Wisefolio

Scale Up Trust

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

Scale Up Trust (SEBI Reg. IN/AIF1/24-25/1663) is a Category I Venture Capital Fund managed by Enlighten Angel Fund Private Limited, operating under the brand Enlighten Capital (formerly Enlighten Angel Fund). Founded by Koushik Sekhar and Arvind Subramaniam and headquartered in Chennai, Tamil Nadu, Enlighten Capital is a SEBI-registered micro-VC fund focused on early-stage and emerging technology startups. The manager entity received SEBI approval to operate as an AIF in early December 2024 and launched Scale Up Trust as its maiden AIF scheme with a target corpus of ₹200 crore (including a ₹100 crore greenshoe option). Enlighten Capital is backed by a strong LP base and has previously syndicated over 10 startup investments under its earlier avatar as Enlighten Angel Fund. The fund's investment focus spans emerging technologies, smart manufacturing, mobility, and fintech — sectors the team believes hold the highest potential for both growth and societal impact in India's startup ecosystem. The firm is registered at 10, Devanathan Colony, West Mambalam, Chennai, Tamil Nadu 600033.

Investment philosophy

Enlighten Capital invests at the intersection of innovation and sustainability, backing early-stage founders building transformative solutions in emerging technologies, smart manufacturing, mobility, and fintech. The firm believes in the power of startups to shape the future of India and is dedicated to creating a positive impact in the ecosystem. Its micro-VC model combines capital with deep mentorship, leveraging an extensive network of incubators, accelerators, and co-investors to support founders from ideation through growth. The team brings domain expertise from technology (Sutherland, Citi), startup operations (StartupTN), and angel investing to provide founders with both financial and capability capital.

Team10

Koushik Sekhar

Founder and Managing Partner

Koushik Sekhar is the General Partner and Managing Partner of Enlighten Capital (formerly Enlighten Angel Fund). He began his career in technology with stints at Sutherland and Citi before pivoting to consulting and angel investing. He is a co-founder of Enlighten Angel Fund and The Outlandish Story, and serves on investment committees at Annamalai Innovation & Incubation Research Foundation, ACIC GIETU Foundation, and Atal Incubation Centre-BIMTECH. He is also involved with PLATO-An AMK Venture and FoundersLair. Based in Chennai, he holds a degree from the University of Madras.

Arvind Subramaniam

Co Founder and Chief Strategy Officer

Arvind Subramaniam is a General Partner at Enlighten Capital. He is a seasoned entrepreneur and operator-turned-venture capitalist with a successful exit. Prior to Enlighten, he was with StartupTN, the state innovation agency of the Government of Tamil Nadu. He focuses on sectors including emerging technologies, smart manufacturing, mobility, and fintech.

Goutham Sekhar

Chief Technology Officer

Goutham Sekhar is a Partner at Enlighten Capital, part of the core partner team alongside Snehali Mansingh Khamkar and Rohit Mohan.

Snehali Mansingh Khamkar

Co Founder and General Partner

Snehali Mansingh Khamkar is a Partner at Enlighten Capital. She is also a named Director of Enlighten Angel Fund Private Limited per MCA records (CIN: U66190TN2023PTC162501).

Rohit Mohan

Co Founder and General Partner

Rohit Mohan is a Partner at Enlighten Capital, part of the firm's core investment partner team.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF1/24-25/1663

RegisteredDec 2024 (1 year ago)

Valid untilPerpetual

Contact personKoushik Sekhar

Address10, Devanathan Colony, West Mambalam, Chennai, Tamil Nadu, Chennai, Tamil Nadu, 600033

Investment manager

Insights

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Disclaimer

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