Avaana Capital, a leading early-stage investment firm, has closed its climate and sustainability-focused fund at $135 million, exceeding its initial target of $125 million. The fund will invest in 20-25 early-stage companies that develop commercially scalable solutions to address India’s environmental challenges. The investment strategy focuses on sectors responsible for 90% of India’s emissions and 70% of its economy, including energy and resource management, food systems, and the circular economy. With a portfolio of 10 investments so far, the firm aims to support transformative companies that drive scalable, impactful change. Avaana Capital sees around 1,000 new investment opportunities each year and has already made significant investments in companies like FarMart, Ekei Foods, and Kazam, which are addressing key sustainability challenges. The fund’s ambitions are closely aligned with India’s climate responsibility and development trajectory, emphasizing the need to balance climate action with economic growth. As India plays an indispensable role in the global climate solution, Avaana Capital’s focus on climate-focused entrepreneurship will help drive scalable change in the country.
Avaana Capital secures $135 million fund to fuel climate-centric startups in India
