Enlighten Angel Fund, a prominent early-stage startup fund, has undergone a strategic transformation, rebranding itself as Enlighten Capital. The fund announced the completion of its Rs 100 crore Fund 1 and revealed it has received SEBI approval to operate as an Alternate Investment Fund (AIF) in early December 2024.
In addition to its milestone Fund 1, Enlighten Capital has initiated fundraising for a Rs 100 crore greenshoe option, aiming to further empower India’s emerging entrepreneurs. The rebranding marks the fund’s evolution into a full-fledged micro VC fund, with a renewed focus on emerging technologies and disruptive startups.
Speaking on the development, Arvind Subramaniam, General Partner at Enlighten Capital, said:
“Our focus is on sectors driving change – Emerging Technologies, Smart Manufacturing, Mobility and Fintech. These industries hold immense potential for growth and societal impact, and we’re thrilled to support the bold innovators leading this charge.”
The fund emphasizes alignment with India’s vision for innovation and sustainable development, seeking to back founders working on transformative solutions. Koushik Shekar, another General Partner, added:
“We believe in the transformative power of startups to shape the future of India. Through Enlighten Capital, we are dedicated to creating a positive impact in the ecosystem by supporting founders who are building solutions that matter.”
Enlighten Capital’s leadership team is spearheaded by General Partners Koushik Shekar and Arvind Subramaniam, along with a dynamic Partner team comprising Goutham Sekhar, Snehali Mansingh Khamkar, and Rohit Mohan.
The fund’s key figures bring a wealth of experience to the table. Koushik Shekar began his career in technology with Sutherland and CITI, later transitioning to consulting and angel investing. Arvind Subramaniam, originally from Coimbatore, is an entrepreneur and operator-turned-venture capitalist with prior exit experience.