Ignites Startup Growth with Focus on B2B SaaS, Fintech, and Deep Tech So far, SNV has made 13 investments, which include exciting startups such as Dhruva Space, OnFinance, hypergro.ai, Disprz, SuperK, Samaaro, and others.

By Minakshi Sangwan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Ajay Jain, Managing Partner of Silver Needle Ventures

Hyderabad-based early-stage technology-focused venture capital firm Silver Needle Ventures invests INR 2 crore to INR 4 crore into early-stage revenue-generating technology-based/enabled startups.

According to Ajay Jain, Managing Partner of SNV, the idea is to invest in about 18 startups through Fund 1 (which is an INR 100 crore fund launched in 2022), with 30% of the money reserved for follow-on capital.

Launched in 2022 by Ajay Jain and Deepesh Agarwal, SNV areas of focus include sectors like B2B SaaS, fintech, and deeper technologies, including generative AI and spacetech.

Jain has a decade of investment experience in startups, and it has been immensely satisfying, filled with fun and learning. "Previously, I used to invest under Xseed Partners, and now we have Silver Needle Ventures (SNV), a SEBI-registered angel fund," he shares.

So far, SNV has made 13 investments, which include exciting startups such as Dhruva Space, OnFinance, hypergro.ai, Disprz, SuperK, Samaaro, and others.

"We look to invest in 4-6 startups in FY 24–25 while looking to reinvest in some of our existing portfolio companies," says Jain.

"We are a hands-on fund; we work closely to grow firms in addition to connecting them to next-level investors and markets. While several of the portfolio companies have received direct assistance, Hypergro, OnFinance, and Voiceowl are among the ones with which we are actively involved," he emphasises.

States:

  • Portfolio size: 13 Companies
  • Average ticket size/sweet spot: INR 2-4 Cr
  • Total number of exits: None (through this fund, 7 previously)
  • Total assets under management: INR 80 Cr
Minakshi Sangwan

Junior Writer

Branding

How to Build a Strong Brand Identity for Your Early-Stage Startup

Branding might not be your first priority, but neglecting it can hurt your startup. A strong brand identity early on sets the stage for marketing success.

Business News

Elon Musk's DOGE Is Hiring People Eager to 'Work Long Hours' to Eliminate 'Waste, Fraud and Abuse' in the Government. Here's How to Apply.

The Department of Government Efficiency is hiring U.S. citizens to help cut spending and headcounts in the federal government.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Business News

Uber's CEO Says Drivers Have About 10 Years Left Before They Will Be Replaced

Uber CEO Dara Khosrowshahi says the jobs of human drivers are safe for the next decade, but after that, another type of driver will take over.

Science & Technology

From Data to Destiny — How AI Can Turbocharge Your Business Future

Are you ready to embrace the power of AI with trusted data? Let's transform challenges into opportunities and propel your business into the future.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.