Growx Ventures Fund II — GrowX Ventures | Wisefolio

Growx Ventures Fund II

Cat II · Managed by GrowX Ventures

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Growx Ventures Fund II (IN/AIF2/18-19/0587) is a SEBI-registered Category II AIF managed by Growx Venture Fund LLP, the Fund I manager entity of growX ventures. Launched in 2018, Fund I backed visionary founders in the broad B2B space with a preference for emerging technology to solve complex problems. Fund I is now fully deployed with 17 investments across FinTech, SpaceTech, Healthcare, and Robotics. Notable Fund I portfolio: 4BaseCare, Advantage Club, Bellatrix, Cell Propulsion, Cosmofeed, CynLr, Lemnisk, Lightspeed Photonics. growX is currently deploying Fund II (IN/AIF2/23-24/1456) managed by growX VC Management Private Limited. Registered address: C-19, Nizamuddin West, New Delhi 110013.

Investment philosophy

growX ventures was founded in 2008 by Ashish Taneja as a 'management capital' firm — providing hands-on operational expertise to creative and technical entrepreneurs who lacked scaling experience. Over 15+ years the firm evolved from angel club to institutional VC, pivoting to B2B/Enterprise and deep tech focus. The firm invests at seed to Series B stages across Deep Tech, Industrial Tech, B2B innovation — sectors that are 'grossly underhyped in India' but represent the next real value: semiconductors, defense tech, AI-driven manufacturing, robotics, space, climate tech, advanced materials, healthcare. Fund size: INR 400 crore. Portfolio: 48 companies. Successful exits include Locus (41x, exit to GIC), Fynd (4x, exit to Reliance), Quandl (5x, exit to Nasdaq), Pixxel (partial exit), WIOM, Aereo.

Team13

Ashish Taneja

Founding Partner & CEO; SEBI Contact Person

Ashish Taneja is Founding Partner and CEO of growX ventures, which he launched in 2008 during the global financial crisis. A Chartered Accountant and IIM Ahmedabad alumnus (1997–98), he previously worked as a consultant at Andersen Consulting/Accenture and served as India CEO of Vertex (UK's second-largest BPO firm). He borrowed money to make his first angel investments, and built growX from a personal angel portfolio to a VC firm with INR 400 crore AUM and 48 portfolio companies. Also founder and CEO of Zolijns (furniture boutique).

Sheetal Bahl

Managing Partner (Fund I)

Manish Gupta

General Partner (Fund II)

Manish Gupta is General Partner at growX, leading Fund II investments. Background in deep tech with a focus on B2B and industrial innovation.

Manu Rikhye

Managing Partner

Partner at growX Ventures Management. Leads investment strategy and portfolio development. Has championed early-stage investments in deep tech and B2B sectors for growX.

Krish Limbani

Analyst

Manan Anand

Associate

Sahil Kumrah

Associate

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/23-24/1456

RegisteredMar 2024 (2 years ago)

Valid untilPerpetual

Contact personAshish Taneja

AddressC19 Nizamuddin West, New Delhi, National Capital Territory Of Delhi, 110013

Investment manager

GrowX Ventures

Insights

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Disclaimer

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