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IIMA Ventures
Priyanka Chopra leads IIMA Ventures, the IIM Ahmedabad-born innovation platform operating across incubation, acceleration, seed funding, and research.
IIMA Ventures
IIMA Ventures is a startup incubator established by IIM Ahmedabad. IIMA Ventures is providing startup funding, Startup Investment, startup capital, funding for startups
General information
Firm type
Generalist
Year founded
2002
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Ahmedabad
Corporate office
IIM Ahmedabad, New Campus, Vastrapur, Ahmedabad, Gujarat 380015
Additional offices
Dubai, UAE
Principals
Priyanka Chopra
CEO & Managing Partner
Kunal Upadhyay
Co-founder, Board Member
Chintan Bakshi
Partner - Incubation
Vipul Patel
Partner - Seed Investing
Supriya Sharma
Partner - Insights
Sector focus
Frequently asked questions
Who runs investment decisions at IIMA Ventures?
CEO and Managing Partner Priyanka Chopra leads the overall platform. Seed investing is directed by Partner Vipul Patel, while Partner Chintan Bakshi oversees the incubation track. The firm's board includes IIM Ahmedabad faculty and co-founder Kunal Upadhyay, who also sits on the board of the Centre for Innovation Incubation and Entrepreneurship (CIIEI).
Is IIMA Ventures a fund or an incubator?
It is both. The firm describes itself as an 'Innovation Continuum' that runs a physical incubator in Ahmedabad, multiple accelerator programs, a seed and growth investment practice, a research and insights unit, and an initiative to incubate new venture funds. It has created dedicated vehicles such as the Deeptech Accelerator Fund while also holding equity stakes in portfolio companies.
Does IIMA Ventures participate in fund commitments or only direct deals?
The firm does both. It makes direct seed and growth investments and has incubated new venture funds — Infuse Ventures, India's first energy VC, is an example. This dual posture allows it to operate as a direct investor and a fund-platform creator simultaneously.
How is IIMA Ventures related to IIM Ahmedabad?
It was established as a Centre of Excellence at IIM Ahmedabad in 2002 with government support and remains physically housed on the IIMA campus. Its board includes the institute's director and faculty, but day-to-day operations and investment decisions are run by a separate professional team led by a CEO and Managing Partner.
What investment stages does IIMA Ventures typically target?
The firm spans the earliest stages: incubation, acceleration, seed, startup, and growth-stage capital. It also covers spin-offs through its fund-incubation model. Its programs are designed to support ventures from idea to scale within the same institutional platform.
Where does IIMA Ventures deploy capital geographically?
Initially India-focused through its Ahmedabad headquarters, the firm expanded to Rajasthan, Assam, Madhya Pradesh, and other states via regional incubation programs. It opened a Dubai office in 2025, signaling an intent to support startups with cross-border ambitions.
What is the firm's relationship with the Indian government?
The Government of India's Department of Science and Technology and the Government of Gujarat were founding backers, and the firm was recognized as a Centre of Excellence by DST in 2019. It continues to run public-policy-aligned programs like the India Innovation Growth Program.
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