Ambition Capital

Profile

Ambition Capital is a venture capital firm based in Bengaluru, India, founded by Shailesh Lakhani and Harshjit Sethi, former managing directors at Peak XV Partners with extensive experience in the venture capital space. The team also includes Mayank Porwal, who joined after leaving Peak XV in 2023. Ambition focuses on partnering with early-stage founders to advance critical technologies, emphasizing a hands-on approach and deep understanding of the Indian market dynamics.

They invest primarily in seed and Series A rounds, targeting sectors such as artificial intelligence, fintech, deeptech, and consumer technology. Their investment size typically ranges from $1 million to $5 million, and they maintain a specific focus on India-centric innovation themes such as digital sovereignty and infrastructure. With a target fund size of $250 million, they aim to make around 26-30 investments, allowing for substantial initial ownership and capital reserves for follow-on rounds.

Notable companies backed by team members in their prior roles include Zetwerk - a B2B manufacturing marketplace, Minimalist - a skincare brand, and Ixigo - a travel platform. Ambition Capital's approach is characterized by a clear focus on Indian-specific market dynamics and long-term engagement with their portfolio companies.