Profile
Reliance Venture Asset Management was a corporate venture capital firm based in Mumbai, India, founded in 2006. It was part of the Reliance ADA Group and focused on strategic investments in technology-driven sectors. The firm had a small team of two professionals and was known for its involvement in the venture capital landscape, particularly in India.
The firm primarily invested in sectors such as technology, media and entertainment, telecom, infrastructure, clean technology, and mass consumption-driven industries. It focused on Series A investments in Indian startups, with a portfolio that included companies like Square Yards and Zoomcar. Reliance Venture Asset Management was involved in 22 investments and had 15 exits before becoming inactive.
Notable investments by Reliance Venture Asset Management included Healthspring Family Health Experts - clinics and outpatient services, Zoomcar - automotive, Luxury Hues Group - consulting services, ToneTag - financial software, and Yatra - travel services. The firm played a significant role in the growth of these companies before ceasing operations.
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