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BlueGreen Ventures is an early-stage venture capital firm founded in 2024 by Anup Jain and Rajeev Suri. Based in India, the firm focuses on supporting companies that drive sustainable growth, particularly in sectors related to climate technology, fintech, and the evolving consumer landscape. The firm launched with a maiden fund of $75 million, targeting investments in one of the world's fastest-growing economies.
As of now, BlueGreen Ventures has a portfolio of 23 companies and aims to invest primarily in early-stage startups. The firm operates from two offices located in Delhi and Mumbai, with a team that includes experienced professionals from the venture capital space. Notably, around 70% of their limited partners are Indian, while 30% are international, reflecting a diverse backing for their investment strategy.
BlueGreen Ventures has a strong commitment to fostering innovation and sustainable development, which is evident in their investment thesis and the sectors they prioritize. The firm is backed by a network of successful entrepreneurs and industry leaders, enhancing its ability to support portfolio companies effectively.
BlueGreen Ventures invests in early-stage companies across various sectors, including climate technology, fintech, edtech, gaming, healthtech, and e-commerce. The firm targets investments at the pre-seed, seed, seed-plus, and Series A stages, with check sizes ranging from INR 7-12 crore (approximately $0.8M-$1.4M) for early-stage investments and INR 20-30 crore ($2.4M-$3.6M) for secondary or growth investments.
The firm emphasizes supporting businesses that contribute to sustainable development, particularly in the context of India's rapidly evolving market. Their investment strategy includes a dual focus on climate tech and fintech, which distinguishes them in the Indian venture capital landscape. BlueGreen Ventures seeks to identify startups that align with their mission of driving sustainable growth and innovation.
Additionally, the firm is open to investing in mature companies approaching IPO readiness through secondary investments, thereby diversifying their portfolio strategy. This approach allows them to leverage their expertise in both early-stage and growth-stage investments, providing a comprehensive support system for their portfolio companies.
BlueGreen Ventures has invested in over 23 companies, showcasing a diverse portfolio that spans multiple sectors. Notable portfolio companies include:
This portfolio reflects BlueGreen Ventures' commitment to investing in companies that are not only innovative but also contribute to sustainable growth in their respective industries.
Anup Jain - Co-Founder & Managing Partner. Anup has a strong background in venture capital, having previously served as Managing Partner at Orios Venture Partners. He has led investments in notable companies such as BatterySmart, Zupee, and Beato.
Rajeev Suri - Co-Founder & Managing Partner. Rajeev also comes from Orios Venture Partners, where he was Managing Partner. His investment track record includes companies like Ixigo, Vedantu, and MobiKwik.
Sophie Lambin - Climate Advisor. Sophie is the CEO and founder of Kite Insights and The Climate School, bringing expertise in climate strategy and sustainability.
Vivek Vishwakarma - Venture Analyst. Vivek supports the investment team with market research and analysis, contributing to the firm's decision-making process.
Avika Kapur - Research - Investments. Avika focuses on investment research, helping to identify promising startups and sectors for investment.
To pitch to BlueGreen Ventures, founders should use the preferred channel available on their website at www.bluegreen.vc. It is important to include a comprehensive deck that outlines the business model, market analysis, and how the startup aligns with sustainable growth. Founders can expect a response within a few weeks, and warm introductions are encouraged to enhance the chances of engagement.
On April 10, 2026, BlueGreen Ventures announced its active investment strategy, highlighting its portfolio of 23 companies, including notable firms like Ixigo and MobiKwik. The firm continues to focus on early-stage investments in climate tech and fintech, aiming to drive sustainable growth in India.
In recent months, BlueGreen Ventures has made headlines for its investments in BatterySmart, which has completed 100 million battery swaps and raised $29 million in Series B funding, and Varaha, which secured $45 million in Series B funding led by WestBridge Capital.
What are BlueGreen Ventures' investment criteria?
BlueGreen Ventures focuses on early-stage investments in sectors such as climate technology, fintech, edtech, gaming, healthtech, and e-commerce. They seek startups that contribute to sustainable development and demonstrate potential for significant growth.
How can founders apply or pitch to BlueGreen Ventures?
Founders can pitch their ideas through the firm's website at www.bluegreen.vc. It is recommended to include a clear business model, market analysis, and details on how the startup aligns with sustainable growth.
What makes BlueGreen Ventures different from other VC firms?
BlueGreen Ventures differentiates itself through its dual focus on climate technology and fintech, which is particularly relevant in the Indian market. Their founders' extensive experience in venture capital and their commitment to sustainability further enhance their unique position.
What is the geographic scope of BlueGreen Ventures?
The firm primarily focuses on investments in India and broader Asia, targeting startups that operate within these regions.
What is the typical check size for investments?
BlueGreen Ventures typically invests between INR 7-12 crore ($0.8M-$1.4M) for early-stage companies and INR 20-30 crore ($2.4M-$3.6M) for secondary or growth investments.
What kind of post-investment involvement does BlueGreen Ventures have?
BlueGreen Ventures provides strategic guidance, access to a network of industry experts, and support in navigating the complexities of scaling in the Indian market. They leverage their founders' experience to help startups achieve their growth objectives.
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