Stellaris Venture Partners

Stellaris Venture Partners is an early-stage, technology-focused venture capital firm founded in 2016 and based in Bengaluru, India. It was established by Alok Goyal, Ritesh Banglani and Rahul Chowdhri, all previously partners at Helion Ventures. The firm is sector-agnostic and typically commits as the first or second institutional investor, backing companies at Seed and Series A across SaaS, software, fintech, consumer brands, B2B commerce, social commerce, healthcare and education, and is willing to lead rounds. Stellaris closed its third fund at $300M in November 2024, bringing total assets under management to over $600M; Fund III is designed to back roughly 25 to 30 startups over about three years following a concentrated-portfolio strategy that emphasizes DPI over TVPI. The firm has invested in more than 78 companies and added around 10 new investments in the trailing twelve months. Its track record includes one IPO, one unicorn and several acquisitions: it led Mamaearth parent Honasa Consumer's $4M Series A in 2018 and held a roughly 9.4% stake at the company's November 2023 IPO, and it was the first institutional investor in Slintel, acquired by 6sense in 2021. Other notable holdings include Whatfix, a digital adoption platform valued at roughly $900M, plus mFine, Propelld, Loadshare, Signzy, Glance and Shop101. Recent deals include Material Depot's $10M Series A in February 2026, Arrowhead's $3M round in January 2026, and Truva's $6.3M round in December 2025, underscoring the firm's continued pace as a leading Indian early-stage investor.