BlueGreen Ventures

BlueGreen Ventures is an early-stage India venture fund launched in November 2024 by Rajeev Suri and Anup Jain, two operators-turned-investors who previously served as Managing Partners at Orios Venture Partners. Their maiden vehicle targets $75 million (about ₹633 crore) with a green-shoe option, reaching its first close in early 2025. BlueGreen runs a distinctive two-pronged strategy. Its primary pillar leads early-stage rounds, from seed to Series A, in high-impact sectors — climate and sustainability, fintech solutions tailored for 'new India', and consumer-driven B2C businesses reflecting post-Covid consumption shifts — writing cheques of ₹7–12 crore and aiming to lead every such round while working closely with founders. Its second pillar selectively backs mature, IPO-ready companies via secondary investments of ₹20–30 crore, targeting businesses valued around $250 million expected to go public within four to five years, which offers LPs liquidity on a shorter five-year horizon. The fund plans a focused portfolio of roughly 20 startups. Suri and Jain bring a strong prior track record — investments including Battery Smart, Zupee, ixigo, carbon-removal startup Varaha, Beato and Karbon, with reported IRRs above 60% between 2018 and 2021 — and have appointed climate expert Sophie Lambin as a strategic advisor to reinforce sustainability investing.