Finvolve Invests INR 250 Cr in Startups, Targets 50+ Deals in FY27

Finvolve (FV), a multi-stage venture capital firm, along with India Accelerator (IA), has reported a strong investment performance for FY 2025–26, deploying over INR 250 crore across 26 startups. 

The firm said this marks a significant scale-up, with investments in the past year matching the combined capital deployed over the previous two years, signalling growing momentum in India’s startup ecosystem.

The average investment size stood at around USD 1 million (around INR 8 crore) per startup. The investments spanned pre-seed, seed, and growth stages, reflecting the firm’s strategy of supporting startups throughout their lifecycle.

During the financial year, Finvolve and India Accelerator focused primarily on defencetech and deeptech sectors, citing their long-term strategic and commercial potential. The portfolio includes startups such as Zulu Defence, Nitro Commerce, IG Defence, Indrajaal, Satlabs, Dozee, Pernia’s Pop Up, Recur Club, Lawyered, Ammunic, and Constems AI, among others.

Looking ahead, the firm has outlined expansion plans for FY 2026–27, targeting investments of over INR 450 crore across more than 50 startups. The investment strategy will continue to remain multi-stage, with a focus on sectors including defence and aerospace, frontier technologies such as AI, semiconductors and quantum computing, as well as energy and consumer-focused businesses.

Geographic expansion is also a key part of the firm’s roadmap. India Accelerator currently operates in 18 cities across India and three international markets, and plans to expand to 30 cities by the end of the year. Internationally, it is preparing to launch its first cohort in Saudi Arabia, alongside expansion initiatives in Germany, Australia, Japan, and the US.

Ashish Bhatia, Founder and CEO at India Accelerator and Co-Founder at Finvolve, said, “FY 2025–26 was a year of significant scale for Finvolve and India Accelerator. We deployed INR 250 crore across 26 companies, strengthened our sector-specific expertise, and expanded our geographic footprint.”

He added, “In FY 2026–27, we are doubling down on our multi-stage investment model, backing founders across India and internationally, with a focus on companies that demonstrate operational resilience and global competitiveness.”

With increased deployment and expansion plans, Finvolve and India Accelerator aim to further strengthen their presence in India’s evolving startup landscape.