Investor Profile: Sanskrit Capital — Thesis, Cheque Size & How to Apply

Sanskrit Capital is the new Mumbai-based venture firm of Ashish Dave, the former head of Mirae Asset Venture Investments (India). Launched after Dave stepped down in mid-2025, it is part of a wider reset in Indian venture capital, in which senior investors are leaving large platforms to run lean, single-partner funds. Its pitch is experience over scale: a seasoned investor backing companies that have already found product-market fit and now need to scale.

Thesis: proven companies, ready to scale

Sanskrit Capital describes itself as an early and growth stage investment firm, but its maiden fund is firmly growth-stage. It will back Series B and Series C startups that have established product-market fit and are looking to scale, rather than funding ideas or pre-revenue teams. While sector-agnostic, its primary themes are fintech, consumer internet, logistics, healthcare and enterprise artificial intelligence applications, all sectors where scale, distribution and unit economics matter more than novelty.

Sectors, stages and fund size

The maiden fund is targeting a corpus of ₹700 crore to ₹1,000 crore, and was reported to be seeking approval from the Securities and Exchange Board of India as an Alternative Investment Fund. It is expected to operate as a single general partner fund, raising capital from domestic family offices, entrepreneurs and startup founders. Planned cheques range from ₹50 crore to ₹150 crore per company, with capital reserved for follow-on investments in high-conviction portfolio companies.

Partners and portfolio

Ashish Dave built Mirae Asset Venture Investments in India after joining in 2018, having earlier worked at Kalaari Capital and Mumbai Angels. At Mirae Asset, he raised a ₹350 crore early- to growth-stage fund in 2021 and a ₹700 crore late-stage vehicle in 2023. His portfolio there spanned Zomato, Bigbasket, Shadowfax and Unacademy, plus fintech bets including KreditBee, Raise Financial Services, which runs the Dhan trading app, and Jupiter. Those are prior-firm investments, not Sanskrit Capital portfolio companies, whose names are not publicly disclosed.

Programs, credits and perks

No named accelerator program, credits package or perks program is publicly disclosed for Sanskrit Capital. That is consistent with a single-partner growth fund: the offer is judgment, networks and follow-on capital, not a structured program. Founders should therefore not expect a cohort, a demo day or a standard perks bundle, and should ask directly what operating help Dave and his team will provide between rounds.

How to apply for funding

How to apply for Sanskrit Capital funding: there is no public application portal or pitch route published in the sources read, and the fund was still seeking regulatory approval when reported. Founders at Series B or C should therefore approach through a warm introduction from a founder, family office or co-investor who knows Dave, with a scale-up story ready: proven product-market fit, a clear use for ₹50 crore to ₹150 crore, and a path to leadership in fintech, consumer internet, logistics, healthcare or enterprise AI. Early-stage founders should not pitch this fund.