Venture CapitalPentathlon Ventures
StagesPre-Seed, Series A
SectorsAI / ML, SaaS / Enterprise, Fintech · Early-stage builders, Founder-led / operator capital
Ticket$500K – $1M
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Venture Capital
Venture CapitalgrowX ventures
Thesis-driven, patient-capital investor backing founders solving foundational problems with deep science and engineering; betting on India building globally competitive deep-tech products.
01, Snapshot
At a glance
Key signals founders use to decide if this investor is worth a conversation.
02, Focus
Where they invest
Stages and sectors this investor typically backs.
03, Thesis
Investment thesis
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.
Early-stage buildersFounder-led / operator capitalTech-first / product companiesIndia-first / BharatGrowth & scale-upsDeep science / hard techFintech / embedded financeSaaS / B2B softwareAI / MLHealthtech / wellnessCybersecurity / infosecFamily officesSeries A / PMF capitalClimate / sustainability
All themes →04, Portfolio
Portfolio companies
7 companies mapped to this fund.
05, Story
About growX ventures
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.
Notes
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)
06, Investors
Investors at growX ventures
Partners and principals mapped to this fund in the directory.
07, Recent rounds
Disclosed funding rounds with growX ventures
Publicly announced startup rounds in the VC Dekho funding tracker that name this fund.
08, Nearby
Similar funds
Other funds that overlap on stage, sector, or thesis.
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09, Explore
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