Cat II · Managed by JSW Ventures
We partner selectively, support strongly and strive for lasting success.
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
JSW Ventures Trust is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/16-17/0239), launched in 2016 as the first venture fund sponsored by the family office of the promoters of JSW Group (Parth Sajjan Jindal and co.). It is managed by JSW Ventures Fund Managers LLP (LLPIN: AAF-6736, incorporated 10 December 2016), headquartered at Jindal Mansion, 5A, Dr. G. Deshmukh Marg, Peddar Road, Mumbai 400026. JSW Ventures is an independent institutional early-stage venture capital fund investing in technology-led consumer and B2B businesses, enterprise SaaS, healthtech, fintech, and agritech companies. It explicitly positions itself as not a corporate venture arm. The fund has 16 portfolio companies and has delivered 3x DPI, with 8 category leaders. Notable exits include Purplle (2.7x corpus returned via secondary sale to Manipal Group). Fund I (IN/AIF2/16-17/0239) is now closed for fresh investments; Fund II (JSW Ventures Trust, IN/AIF2/19-20/0714) is the active vehicle. The active website is jswvc.com (redirected from jswventures.com which returns blank).
Parth Sajjan Jindal
Fund managerDesignated Partner, JSW Ventures Fund Managers LLP
Parth Sajjan Jindal is a Designated Partner of JSW Ventures Fund Managers LLP (the investment manager). He is the son of JSW Group Chairman Sajjan Jindal and serves on the boards of multiple JSW Group companies. He represents the family office's commitment to the fund.
Gaurav Sachdeva
Founding Partner & Advisor, Currently CEO, JSW One
MBA (ISB)
In a career spanning over two decades, Gaurav has passionately built businesses across banking, technology, and investing. He founded JSW Ventures in 2015 and actively manages its portfolio companies, including Purplle, Indus OS, HealthPlix, and LimeTray, providing guidance on growth and supporting the investment team with their investment strategies. Previously, he led sales in Continental Europe for Infosys while expanding its presence and scaling the Financial Services business across multiple countries. Prior to that, he worked at Citi India, Bank of America, and Bennett, Coleman & Co. Ltd. He holds an MBA from ISB.
Sachin Tagra
Managing Partner
Sachin has more than 25 years of operating and investing experience across consumer, retail, media, and technology businesses. Before joining JSW Ventures, he led Capital18, the media and venture investment division of the Network18 Group. He also established the early-stage investment model of Brand Capital at the Times Group and has been actively investing in start-ups since 2014. Prior to his career in investing, Sachin managed P&Ls for large businesses, including Reliance Retail, Times Group, and The Friedman Group US, making significant contributions from the start-up phase to scaling operations. He was the Co-Founder and Board Director of GetVantage, India's first revenue-based financing platform for e-commerce businesses, which he has successfully exited. He currently serves on the boards of both listed and unlisted tech start-ups, including Homesfy, Cureskin, Zvolv, HealthPlix, and Growcoms. Outside of work, Sachin has contributed to a book on start-up scale-up journeys titled Kites in a Hurricane.
Vikas Chandak
Partner
MBA (IIM Bangalore)
Vikas brings over two decades of operating and investing experience across fintech, BFSI, enterprise technology, and platform-led consumer businesses. He has built, scaled, and turned around businesses across stages, working with founders and management teams on strategy, execution, and capital allocation, including through regulatory shifts, macro shocks, and shareholder transitions, and leading complex restructurings and carve-outs. He brings a strong operator's lens to investing, with experience spanning startups and large institutions such as CRED, Etihad Airways Group, ING Group, and ICICI Bank, where he has led P&Ls, driven monetisation, and built organisations. An MBA from Indian Institute of Management Bangalore, Vikas is also an active early-stage investor with multiple exits, bringing a practical perspective on risk and founder-market fit.
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Niyati Raval
Investment Lead, Consumer and ConsumerTech
Chartered Accountant, FRM
Niyati brings 12 years of experience in investments, advisory, and portfolio management, with a strong focus on the Consumer, BFSI, and Healthcare sectors. Before joining JSW Ventures, she was part of the investments team at DSG Consumer Partners, where she was responsible for identifying, investing in, and managing the fund's portfolio. Prior to that, Niyati served as Associate Director at NorthernArc Capital, where she managed and advised on multiple deals across the BFSI and non-FI sectors. Earlier in her career, she gained invaluable experience at Morgan Stanley and IIFL, specializing in advisory services. A Chartered Accountant by profession, Niyati graduated from Narsee Monjee College of Commerce and Economics and holds a Financial Risk Management (FRM) certification from GARP. Passionate about early-stage ventures in the consumer sector, she thrives on collaborating with bold entrepreneurs tackling significant challenges with unwavering conviction. Outside work, Niyati is a globetrotter, food enthusiast, and adrenaline junkie with a love for thrilling outdoor adventures.
Karan Seth
Investment Lead, Enterprise Software and B2B
CAIA Charter, CFA Level III candidate
Karan has over a decade of experience in executing venture transactions for both early and growth stage companies as well as roles across M&A and alternative investments. In his previous role, Karan served as Vice President at InnoVen Capital, where he focused on investing in industries such as Logistics, B2B Managed Marketplaces, D2C brands, Agritech, and Fintech. His portfolio included investments in InfraMarket (Series A), Zetwerk (Series A), FarMart (Pre-Series A), Xpressbees (Series B), Mylo (Pre- Series B), and late-stage companies such as Pepperfry, Chaayos, and Dealshare. He also worked as a Deal Advisory Valuations Analyst at KPMG, engaging in cross-industry projects including PE portfolio reviews, business valuations, and live equity carve-outs for publicly listed clients. Karan is an active public markets portfolio manager specializing in Indian equities. He holds the CAIA Charter and is currently a CFA Level III candidate. He graduated from the Isenberg School of Management at UMass Amherst with a double major in Finance and Economics. In his free time, Karan enjoys watching football (a devoted Red Devil), meeting new people with innovative ideas, and traveling to exciting destinations.
Murli Maniyar
Finance Controller
Chartered Accountant, CFA Level 2 cleared, NISM AIF Management certification
Murli has over eight years of diverse experience across private equity, venture capital fund management, and audit and advisory services. At JSW Ventures, he serves as the Finance Controller, leading the finance, compliance, and portfolio support functions, while also driving investment and exit execution, as well as the investor relations function. Before joining JSW Ventures, Murli was with Deloitte India, where he worked across audit and advisory verticals. During his tenure, he advised clients across a broad spectrum of industries, including financial services, manufacturing, infrastructure, construction, and hospitality. He is a qualified Chartered Accountant, has successfully cleared Level 2 of the CFA Program, and holds a certification in Alternative Investment Fund Management from NISM. Outside of work, Murli is an avid cricket enthusiast and adventure seeker. He enjoys thought-provoking conversations on finance, macroeconomics, and the innovations shaping the future of finance and its allied industries.
Mayank Potlapalli
Investment Team
CFA (all three levels completed)
Mayank has 4+ years of experience in deal sourcing and evaluation of early stage startups in India. Previously, Mayank worked as an Investment Analyst at SucSEED Ventures, an early stage fund, where he was responsible for multiple functions, including deal sourcing, research, and portfolio management (he was the first member of the portfolio team and set up the function). He has experience with investments in B2B SaaS, FinTech, and Consumer platforms. Mayank holds an Honors degree in Business Administration from Christ University, Bangalore. He has also completed all three levels of the CFA program.
Pranay Shah
Investment Team
Pranay is passionate about the intersection of science, technology, and business and aims to drive sustainable development leveraging innovation. Previously, he worked as an analyst at WAM Partners, a renowned venture capital firm based in New York, where he was actively involved in sourcing deals, conducting financial and market analyses, and evaluating early and growth-stage startups. At WAM, he focused on investment opportunities in Energy, CleanTech, and FinTech, analyzing market trends and regulatory landscapes to identify promising startups. He holds a Master's degree in Innovation Management and Entrepreneurship from Brown University, where he specialized in technology commercialization, startup incubation, and strategic management. Pranay also holds a Bachelor's degree in Chemical Engineering from the Institute of Chemical Technology, Mumbai.
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