Stellaris Venture Partners is an early-stage, technology-focused and sector-agnostic Indian venture firm founded by three former Helion Venture Partners investors – Alok Goyal, Ritesh Banglani and Rahul Chowdhri. It leads seed and Series A rounds, writing seed cheques of roughly $1-3M and Series A cheques of roughly $3-10M, and says about 60% of its investments are made at idea stage. The firm organises its team around sector specialisation across software and AI, consumer tech and brands, fintech, healthcare and sustainability. Fund III, closed in November 2024 at $300M, is being deployed into at least 30 companies with a stated emphasis on consumer, AI and deeptech.
$600M+ (across three funds, stated on stellarisvp.com; Fund III closed at $300M in Nov 2024) AUM68/100 Power Score™2017 FoundedBengaluru, India
Alok Goyal, Ritesh Banglani and Rahul Chowdhri, all previously partners at Helion Venture Partners, begin raising the firm out of Bengaluru; the firm's own site describes starting "in a Bengaluru basement" in 2016.
2017
Launches its first fund of $90M (firm's own approach page); IFC was among the disclosed investors in Stellaris Venture Partners India I.
2021
Closes Fund II at $225M and backs 25 companies from it.
2023
Portfolio company Mamaearth (Honasa Consumer Ltd) completes its IPO on the Indian exchanges.
2024
Closes Fund III at $300M in November, taking assets under management above $600M; Naman Lahoty elevated to Partner.