Investor Profile: Kalpavriksh Fund — Thesis, Cheque Size & How to Apply

Kalpavriksh Fund funding is aimed squarely at India's food and agribusiness value chain — a rare sector-focused thesis among growth investors. This SEBI-registered Category II Alternative Investment Fund is managed by The Acorn Fund Consultants and sponsored by Prowess Advisors, a food and agribusiness advisory house. If you are researching how to get funding from Kalpavriksh Fund, here is its thesis, cheque sizes, portfolio and how to approach it.

Thesis & focus

Kalpavriksh Fund invests in and scales proven business models with a clear plan to exit. Its investment ethos targets emerging companies with proven revenue, growth momentum and a clear path to profitability, led by management teams with deep operational experience — businesses it can scale significantly with strategic, operational and financial support over three to five years. Unlike names on any list of angel investors in india, it is a patient, sector-deep growth investor, not an early-stage spray-and-pray fund.

Sectors & stages

The mandate is growth-stage investing in India's food, agribusiness, sustainability and related technology sectors. Its stated focus areas are consumer products and services, and support services. The fund looks for companies that have moved beyond product-market-fit experiments and are ready to scale — growth equity, not seed.

Fund size & cheque size

The fund was launched in 2016 as Centrum's maiden Rs 500-crore private equity fund. Media reports put current assets under management at INR 900 million. The managers have since launched a second scheme in the Kalpavriksh family of funds with a target corpus of INR 500–750 crores, focused on bespoke private credit products for the food, agribusiness and sustainability sectors. Individual cheque sizes are not publicly disclosed.

Notable portfolio

Portfolio companies named on the fund's official site include Dunzo, HEAL, Label Life, BluSmart, The Ayurveda Experience and Littlemore. Its most celebrated outcome was The Ayurveda Experience, first backed in its 2019 Series A; the fund exited alongside Unicorn India Ventures in July 2024 with 6X returns.

Key people

Rajesh Srivastava is Chairman of The Acorn Fund Consultants. Saransh Verma serves as Chief Investment Officer of the fund. Prowess Advisors brings the food and agribusiness domain network behind the investment decisions.

Programs, credits & perks

The fund runs no accelerator-style programme. Its second scheme offers bespoke private credit products — debt rather than equity — to food and agribusiness companies. No startup credits or perks packages are publicly advertised; the value-add is sector expertise and growth capital.

How to apply for funding

How to apply for funding from Kalpavriksh Fund: it publishes no open application route; introductions only. Founders in food, agri and sustainability can approach through the fund's official website contact channels or via Prowess Advisors' industry network.