Ashwin Raguraman
Co-Founder and Partner at Bharat Innovation Fund
· Bengaluru, Karnataka
Check size
$500K
Lead stage
pre-seed
Deals tracked
29
Sectors
FinTech, Lending & Credit
FinTech
Lending & Credit
Healthcare & Biotech
Digital Health & HealthTech
Biotech & Pharma
SaaS & Enterprise
pre-seed
seed
Series A
Series B
India
United States
About Ashwin
Ashwin Raguraman is Co-Founder and Partner at Bharat Innovation Fund, a deep-tech focused venture capital firm headquartered in Bengaluru with US presence. He is also co-founder of India Innovation Fund, having pioneered India's first deep-tech venture fund in 2010. With over a decade in the Indian startup ecosystem, he has executed full fund cycles from creation to exit, including an early investment in Sedemac Mechatronics, one of India's three deep-tech IPOs
Investment thesis
Deeptech venture investor backing India-built IP for global markets.
Ashwin Raguraman invests in early-stage deep tech startups originating from India that address global markets. Through Bharat Innovation Fund, he backs pre-Series A to Series B round technology-driven companies with a focus on building world-class intellectual property and innovation for scale. He seeks entrepreneurs building transformative solutions across sectors including industrial IoT, AI, biotech, healthcare, fintech, and emerging technologies that create global impact from an India-based foundation
Investment philosophy
Ashwin Raguraman invests in early-stage deeptech companies from India that address global markets, with a focus on businesses built around proprietary technology and strong intellectual property. His background spans fund creation, fundraising, deal sourcing, due diligence, portfolio support, and full-cycle exits.
Investment focus
Early-stage deep-tech startups from India addressing global markets, with sector focus on ICT, healthcare, industrial automation, and immuno-oncology. Thesis emphasizes IP-led businesses with proprietary technology platforms and scalable solutions
Areas of expertise
Notable portfolio
FireCompass
Credit Vidya
Detect Technologies
Entropik Tech
PlayShifu
vPhrase
Zumotor
Nayam Innovations Pvt Ltd
A5G Networks, Inc.
Human Edge
Terra
Algorithmic Biologics
Portl
Clodura
SEDEMAC Mechatronics
Notable deals
Detect Technologies – Industrial automation/AI, $43.3M raised, 400-500 employees, global presence
Zumutor Biologics – Immuno-oncology/NK cell therapeutics, $47.8M raised, Cambridge-based with India ops
Entropik Technologies – Early-stage deep-tech investment
Sedemac Mechatronics – IPO exit, one of India's three deep-tech public companies
Claimbuddy, Mymobiforce, Nayam Innovations – Portfolio companies across digital health and automation
Frequently asked
Does Ashwin Raguraman invest at pre-seed stage?
Yes. They invest at pre-seed, seed, Series A stage.
Their geographic focus includes India, United States.
What is their typical check size?
Ashwin Raguraman's typical check size is $500K.
They currently invest through Bharat Innovation Fund.
What sectors does Ashwin Raguraman focus on?
Ashwin Raguraman primarily invests in FinTech, Lending & Credit, Healthcare & Biotech, Digital Health & HealthTech.
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