Cornerstone Venture Partners: Mumbai's enterprise-SaaS fund building a 'winning together' cohort

Cornerstone Venture Partners Fund (CSVP Fund) is a Mumbai-based venture capital firm that calls itself India's frontier enterprise SaaS fund. Founded in 2018, it backs visionary entrepreneurs building disruptive B2B technologies and works on a "winning together" philosophy — assembling domain-specific portfolio cohorts so companies share technology, customer networks and go-to-market synergies. Its second fund is targeting USD 200 million (reported by Inc42 in March 2025, with a final close then planned for 2025-end).

Investment thesis

CSVP's bet is that Indian enterprise SaaS can produce global market leaders, not just cost-arbitrage vendors. The fund looks for ideas with the potential to become market-leading global solutions and then actively engineers cross-portfolio collaboration — a cohort model that is unusual in Indian VC and particularly suited to enterprise software, where shared customer access and integrations compound.

Sectors, stages and cheque sizes

The fund invests at pre-Series A, Series A and early growth, with a core focus on enterprise SaaS and adjacent bets in financial services, retail, logistics, healthcare and even aerospace and defence tech. Cheque sizes are not publicly disclosed. Beyond investing, the firm created the CGES Index (Cornerstone Global Enterprise SaaS Index) — India's first global enterprise SaaS index — signalling how seriously it tracks the category.

Notable portfolio

Portfolio names include OfBusiness, Yotta, Blubirch, NewSpace, Credilio and Mystifly.

People

The firm is led by Managing Partners Rajiv Vaishnav and Abhishek Prasad, with Milind (Hemant) Kank as General Partner.

Credits and perks

No formal credits or perks programme is publicly documented; the firm's stated value-add is the cohort network and GTM synergies rather than a perks stack.

How to engage

CSVP's cohort model means they evaluate not just your startup but how you fit the portfolio's collective GTM muscle. Enterprise SaaS founders should lead with product depth, early enterprise references and a credible global roadmap — the fund's ambition is to build market-leading global solutions from India, not domestic-only software. The CGES Index work shows the partners track category benchmarks closely, so come armed with your metrics against global SaaS comparables. Warm introductions through portfolio founders like OfBusiness or Yotta carry weight in a network-driven fund.