Mayuresh Raut
Co-Founder & Managing Partner
Material science, factory automation, climate and healthcare.
LinkedIn profile ↗India / Direct investor
First institutional capital for engineering-led Indian startups.
Operator-led investor from pre-seed to pre-Series A, with capital reserved for follow-ons.
Connect NowFirst investment$300K-$750K
Follow-on capacityUp to $2M
Fund II targetINR 250 crore
Published relationships50 identities
01 / The fund
Early capital, with room for the next round
Seafund backs India-domiciled companies at pre-seed, seed and pre-Series A. The current manager page states a typical first investment of $300K-$750K and up to $2M set aside for successful startups, not a $2M standard first cheque. Its focus includes defensible intellectual property in semiconductors, AI, cybersecurity, space, biotechnology, robotics, medtech, electric mobility and alternative fuels.
Fund I is a Category I AIF (IN/AIF1/16-17/0263); Fund II is a Category II VC fund (IN/AIF2/22-23/1122), both managed by Salamander Advisors LLP. Fund II’s INR 250 crore figure is a target, not a verified final close. June 2025 reporting said about half had been raised; the 2023 first close was INR 30 crore. Earlier INR 200 crore plus INR 50 crore greenshoe descriptions refer to the same fundraising target structure. No newer verified final close was found.
The visible manager grid has 24 companies, including three marked exits. A dated 2023 financing announcement adds EVhicle separately. Another 15 identities are GP investments, five are prior Intel Capital investments, and five additional logos occur only in a hidden legacy template. These histories are not relabeled as 25 or 50 current Seafund holdings.
Official mandate ↗ · Fundraising report, June 2025 ↗02 / Portfolio
Explore by sector
50 published relationships, with vehicle and history labels preserved: 24 visible portfolio identities, one separately reported 2023 investment, 15 GP investments, five prior Intel Capital investments and five hidden-template GP-history logos. Old duplicated grids are deduplicated. A logo in a hidden template is weaker attribution than a current visible holding.
Quantum-key distribution is Quantum; accelerator chips are Semiconductors; orbital compute is Space Tech; EV control, charging and swapping are Energy & Materials. Robots, drones and physical port-vision systems are Physical AI. Genetic diagnostics is BioTech. Pure software, finance, media, commerce, services and consumer products remain Others.
Energy & Materials 4
Software-defined electric drive platform combining motor control, vehicle control and firmware.
Holding source ↗
Robotic battery swapping and modular EV batteries for commercial fleets.
Holding source ↗
Wireless EV charging, auto-alignment and high-voltage power electronics.
Holding source ↗
Historical electric-vehicle control units for vehicle dynamics, telemetry and remote software updates.
Old company domain now redirects to an unrelated gambling page. Card opens the 2023 financing report instead; no claim about current operations.
Holding source ↗Physical AI 3
Computer-vision systems for container identification, inspection and port automation.
Holding source ↗
Robots for hazardous sanitation work and physical rehabilitation.
Holding source ↗BioTech 1
Genetic diagnostics, newborn screening and genomics testing.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗Semiconductors 1
POSIT arithmetic accelerator chips and full-stack high-performance computing systems.
Holding source ↗Quantum 1
Satellite and terrestrial quantum-key distribution to generate and deliver encryption keys.
Holding source ↗Space Tech 1
Orbital compute infrastructure, radiation-shielded satellite hardware and OrbitLab software.
Holding source ↗Others 39
AI fraud-risk analysis, document digitization and clinical intelligence for insurers and healthcare.
Holding source ↗
Deeptech network and software for accelerator programs, fundraising and ecosystem management.
Holding source ↗
Study-abroad platform connecting students, education providers and service partners.
Holding source ↗
Credit monitoring and collateral-risk software for lending institutions.
Holding source ↗
Historical post-trade analytics platform; ownsite content could not be verified.
Manager marks an exit. Ownsite fetch was empty; historical identity retained.
Holding source ↗
Video-based vital-sign estimation and health-risk scoring for underwriting.
Holding source ↗
Product photography, 3D scanning and digital ecommerce catalog services.
Holding source ↗
Same-day fulfilment and quick-commerce logistics for consumer brands.
Holding source ↗
Customer engagement and marketing automation software; current linked app is login restricted.
Manager marks an exit; app endpoint returned 403. No active-product claim inferred.
Holding source ↗
Cold-chain transport and storage marketplace; corrected from the manager’s unrelated US energy-drink link.
Manager used an unrelated US energy-drink link and logo. Corrected logistics destination and authentic company-profile mark.
Holding source ↗
Historical crypto social-trading app; current domain content does not verify the original product.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Historical agricultural inputs and services platform. Ownsite timed out.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Farm inputs, produce-market access and agricultural services platform.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
AI-powered interactive mixed-reality publishing and visual tools.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Historical enterprise data-integration and analytics platform. Ownsite unavailable.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Historical business banking platform. Ownsite unavailable.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Vernacular storytelling and creator-content platform.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Historical skills assessment and technical-recruitment platform. Ownsite unavailable.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Consumer Ayurvedic beauty and personal-care products, not classified as biotechnology.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Healthcare data and analytics services for providers and life sciences.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Dating and matchmaking platform.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Online tyre commerce and dealer technology platform.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Online religious ceremony and devotional-product services.
Separate GP-history section, not Fund I or II despite copied filter tags. Current holding status not inferred.
Holding source ↗
Technology education and skills training.
Official section attributes these investments to Intel Capital while Narendra Bhandari was on its team, not to Seafund.
Holding source ↗
Historical business-process outsourcing company; linked current group is Tech Mahindra.
Official section attributes these investments to Intel Capital while Narendra Bhandari was on its team, not to Seafund.
Holding source ↗
Digital engineering and IT services.
Official section attributes these investments to Intel Capital while Narendra Bhandari was on its team, not to Seafund.
Holding source ↗
News, email and digital information services.
Official section attributes these investments to Intel Capital while Narendra Bhandari was on its team, not to Seafund.
Holding source ↗
Product engineering and semiconductor/embedded software services, not a chip manufacturer.
Official section attributes these investments to Intel Capital while Narendra Bhandari was on its team, not to Seafund.
Holding source ↗
Historical men’s essential-wear consumer brand; original almowear.com returns404.
Present only in the official page’s hidden combined logo template. Not counted as current Fund I/II. Attribution has lower confidence than the labeled sections.
Holding source ↗
Historical signal-based stock-trading app. Company confirmed product discontinuation in June 2024, despite its old marketing page remaining online.
Present only in the official page’s hidden combined logo template. Not counted as current Fund I/II. Attribution has lower confidence than the labeled sections.
Holding source ↗
Cross-border business payments and compliance platform.
Present only in the official page’s hidden combined logo template. Not counted as current Fund I/II. Attribution has lower confidence than the labeled sections.
Holding source ↗
AI software for plant monitoring and operational performance, not robotics.
Present only in the official page’s hidden combined logo template. Not counted as current Fund I/II. Attribution has lower confidence than the labeled sections.
Holding source ↗
EV financing and battery-as-a-service plans; finance rather than battery manufacturing.
Present only in the official page’s hidden combined logo template. Not counted as current Fund I/II. Attribution has lower confidence than the labeled sections.
Holding source ↗03 / Team & connect
Investment team
Manoj Kumar Agarwal
Co-Founder & Managing Partner
Fintech, telecom, space technology and robotics.
LinkedIn profile ↗
Narendra Bhandari
General Partner
Semiconductors, AI, enterprise technology and defence.
LinkedIn profile ↗
Anand Bhaskar
Venture Partner · Advisory role
Evaluates startup ideas and supports portfolio strategy and fundraising. Separately labeled, not a core GP.
LinkedIn profile ↗Four core investing contacts verified against their current personal profiles and experience. Anand Bhaskar is separately labeled as a part-time venture partner in an advisory role: his personal experience confirms startup evaluation, strategy and fundraising support from July 2025. General business advisors and mentors are not added as investors. Official portraits link to the verified personal profiles.
Official pitch and contact routes ↗04 / Fund network
Limited partners and named backers
One publicly named institutional backer. Other family offices, institutions and HNIs are described only as groups, not invented individual LPs. This is not a complete LP register.
Kerala Startup Mission ↗
Institutional LP · Fund II named in 2023 reporting
Manager-republished VCCircle report names KSUM as an LP in the second fund. KSUM’s own page confirms its fund-of-funds LP model, but no Seafund-specific amount is stated. Other family offices and HNIs are unnamed and not invented as cards.
Commitment source ↗Partnership with an ecosystem institution alone is not treated as an LP commitment. No amount or full-register claim is inferred. Research checked 2 November 2026.