Venture CapitalPentathlon Ventures
StagesPre-Seed, Series A
SectorsAI / ML, SaaS / Enterprise, Fintech · Early-stage builders, Founder-led / operator capital
Ticket$500K – $1M
Venture CapitalThesis-driven, patient-capital investor backing founders solving foundational problems with deep science and engineering; betting on India building globally competitive deep-tech products.
Key signals founders use to decide if this investor is worth a conversation.
Stages and sectors this investor typically backs.
Themes this investor is mapped to across the VC Dekho directory.
Thesis-driven, patient-capital investor backing founders solving foundational problems with deep science and engineering; betting on India building globally competitive deep-tech products.
7 companies mapped to this fund.
Background and context for founders evaluating this investor.
growX ventures is a New Delhi-based, thesis-driven venture firm and one of India's most committed deep-technology investors. Tracing its roots to 2008 and launching its first SEBI-registered fund in 2018, it is led by founder Ashish Taneja with managing director Sheetal Bahl and general partner Manish Gupta. growX backs founders solving foundational, often overlooked problems using cutting-edge science and engineering, treating deep tech as a mindset rather than a sector. Its portfolio of roughly 48–58 companies spans space tech, defence, semiconductors, robotics, genomics, AI, cybersecurity, EVs, B2B SaaS and fintech, and includes standout names such as Pixxel — from which growX booked a 17x partial exit at a 68% IRR over 5.5 years — alongside Locus, Bellatrix Aerospace, CynLr, Stashfin, Progcap, Aereo and RACE Energy. Fund I deployed across 17 investments, eight of them deep tech. Fund II carries a target corpus of INR 400 crore (about $50 million), with roughly a quarter allocated to seed rounds and the remainder reserved for follow-on through Series B; cheque sizes reach up to INR 10 crore at seed and INR 20–30 crore at Series B, supporting 20–24 startups over the fund's life. growX champions patient capital and hands-on mentorship for India's frontier-tech founders.
Tracing its roots to 2008 and launching its first SEBI-registered fund in 2018, it is led by founder Ashish Taneja with managing director Sheetal Bahl and general partner Manish Gupta.
New Delhi-based, founded 2008 (Fund I 2018) by Ashish Taneja & Sheetal Bahl. Fund II ~INR 400 Cr ($50M). Portfolio: Pixxel (17x partial exit), Locus, Bellatrix Aerospace, CynLr, Stashfin, Progcap, RACE Energy.
Data confidence: Verified (web sources, 2025–26)
Partners and principals mapped to this fund in the directory.
Other funds that overlap on stage, sector, or thesis.
Jump into stage, sector, and thesis mapped to this fund.