Pavestone Technology Fund

Overview

Pavestone Technology Fund is a Hyderabad-based venture capital firm specializing in early growth-stage business-to-business (B2B) technology startups. The firm focuses on sectors such as generative artificial intelligence, cloud computing, immersive reality, and advanced engineering, aiming to address challenges faced by large enterprises. Approximately 80% of the fund is dedicated to enterprise technology, while the remaining 20% targets frontier technologies involving cutting-edge engineering and scientific innovation. The fund's investment strategy emphasizes companies with proven market traction, established product-market fit, and strong client partnerships. Pavestone Technology Fund has already invested in several companies, including E42, Bellatrix Aerospace, LivNSense, NewSpace Research & Technologies, and Cynlr. The firm has also attracted investments from notable entities such as the Self-Reliant India (SRI) Fund, the family office of Mankind Pharma promoters, and Colruyt Group India. With a target corpus of INR 900 crore (approximately $100 million), Pavestone Technology Fund aims to invest in 14-15 high-potential B2B technology firms, providing an average investment size of $5-10 million per company. The fund's strategic focus is on sectors like digitalization, ESG, and global supply chain realignment, aligning with India's vision of 'Atmanirbhar Bharat' (self-reliant India).

Investment Focus

• Proven market traction
• Established product-market fit
• Strong client partnerships

Portfolio Companies