Cactus Venture Partners

Cactus Venture Partners is a purpose-driven early growth equity fund based in Mumbai, India, founded in 2020. The firm focuses on manufacturing, enterprise technology, and consumer startups in India, with a goal of helping entrepreneurs build sustainable businesses that scale rapidly. Cactus launched with an inaugural fund of over $76 million. The team of 19 is led by three General Partners — Amit Sharma, Anurag Goel, and Rajeev Kalambi — and has built a portfolio of 11 companies across seed, Series A, and Series B stages, leading rounds with typical investment sizes of $1 million to $10 million. Portfolio companies include Kapture (customer experience platform), Intangles (predictive vehicle diagnostics), Lohum (lithium battery recycling and materials), Indigrid (power transmission infrastructure), Vitraya (healthcare payments), AMPM (fashion retail), Auric (wellness products), Parkmate (smart parking), and Ananant Systems (industrial IoT). Rubix is a notable exit. Average round sizes have been approximately $1.6 million at seed, $5.5 million at Series A, and $11.2 million at Series B. Cactus Venture Partners targets Indian companies at the inflection point between early validation and institutional-scale growth — a stage that requires both capital and operational guidance to navigate successfully. The firm believes that manufacturing and enterprise technology in India are entering a sustained period of structural change driven by import substitution, domestic digitization, and supply chain reshoring.