Seafund Venture India Trust — SeaFund | Wisefolio

Seafund Venture India Trust

Cat II · Managed by SeaFund

We roll up our sleeves, get down in trenches with the founders.

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

Overview

About

Seafund Venture India Trust (SEBI Reg. IN/AIF2/22-23/1122) is the second fund by Seafund — a Bengaluru and Delhi-based early-stage deep technology venture capital firm — managed by Salamander Advisors LLP, a limited liability partnership registered with the Registrar of Companies. Seafund was founded in 2015 by Manoj Kumar Agarwal and Mayuresh Raut, with Narendra Bhandari and Agam Gupta subsequently joining as General Partners. The firm invests at the pre-seed to pre-Series A stage in defensible deep-tech startups across semiconductors, AI/ML, cybersecurity, space technology, biotechnology, robotics, medtech, EVs, and alternate fuels. Seafund has invested in 26+ companies including TakeMe2Space (space tech; launched MOI-1 satellite), Calligo Technologies (POSIT-based chips), Redwing, Wigzo (acquired), Genrobotics, Pupilfirst, and BestDoc. For Fund II (this record), the target corpus and greenshoe are not publicly disclosed. Fund I (SEBI Reg. IN/AIF1/16-17/0263, Cat I VCF) was the predecessor vehicle, also managed by Salamander Advisors LLP. The firm operates from Bengaluru (305, 3rd Floor, 5, Vittal Mallya Road, Shanthala Nagar) and Delhi.

Investment philosophy

Seafund invests with a thesis that deep technology — semiconductors, AI, space, biotech, robotics — built in India can scale globally. The firm targets early-stage founders with defensible IP and non-obvious market opportunities, prioritising returning founders who have compressed learning curves and can crash timelines to scale. Seafund's investment criteria focus on: (1) early-stage companies with some product-market fit; (2) returning founders with genuine market insight and unique advantages; (3) solutions that give people back their time; and (4) India-first plays that can scale to similar markets and globally. Beyond capital, Seafund operates as a hands-on operational partner — providing go-to-market strategy support, first customer access, key management hiring assistance, and follow-on capital (50%+ of the fund reserved for follow-ons, reflecting the long gestation periods inherent in deep tech).

Team4

Manoj Kumar Agarwal

Co-Founder & Managing Partner

25+ years in Finance, Technology, Investments and Startups in Karuturi, Pursuit & Consulting. Studied Computer Science & Finance & is an alum of INSEAD & BMS, Bengaluru

Mayuresh Raut

Co-Founder & Managing Partner

25+ years in Data Science, Investments, Technology and Startups in GE, IBM & Novozymes. Studied Material Science & Engg & Finance and is an alum of INSEAD & Virginia Tech

Narendra Bhandari

General Partner

25+ years in Technology, SaaS, Investments and Startups in Intel, Microsoft, Persistent & Soroco. Studied Computer Science and is an alum of Arizona State & RVCE, Bengaluru

Agam Gupta

Principal

5+ years in Technology, Investments and Startups in Deloitte. Studied Computer Science & is an alum of Northwestern University

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/22-23/1122

RegisteredAug 2022 (4 years ago)

Valid untilPerpetual

Contact personManoj Agarwal

AddressSamprapthi No 548 35 2nd Floor 50 Feet Road Hanumanth Nagar, BSK 1st Stage 1st Block, Bangalore, Karnataka, 560050

Investment manager

Insights

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Disclaimer

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