# Hearth Ventures

Hearth Ventures is a Venture Capital based in Mumbai, India.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 2018
- **Assets under management:** Under $100M (Altss estimate)
- **Website:** hearth.ventures
- **LinkedIn:** https://www.linkedin.com/company/hearthventures

## Regulatory record

- **Reports private funds:** No

## About

Hearth Ventures is a mentor fund that invests in craft and circular economy enterprises. It manages investments in Indian handmade crafts, design, and circular economy ventures. The company was founded in 2021 and is based in Mumbai, India.

## Sectors

- Consumer Brands
- AgriTech & FoodTech
- Luxury
- Digital Health
- Sustainable Goods

## People

- Suraj Vazirani — Founder & Managing Partner
- Nirav Mehta — Partner

## Questions

### What is Hearth Ventures' investment thesis?

Hearth Ventures targets the premiumization of Indian consumption. The firm believes that rising disposable income and cultural confidence are driving demand for differentiated consumer brands in food, beverage, personal care, and lifestyle. Hearth looks for founders who combine supply-chain transparency with cultural storytelling, often selling direct-to-consumer before expanding into retail. The thesis rests on a structural shift from price-led purchasing to provenance-led purchasing among India's urban middle and upper classes.

### What check size does Hearth Ventures typically write?

Hearth Ventures targets seed and Series A rounds with estimated check sizes between $500,000 and $3 million, based on public disclosures of its portfolio company fundraises. The firm leads or co-leads rounds, often as the first institutional investor. This places Hearth in the early-stage, high-engagement segment of the Indian venture market.

### Does Hearth Ventures invest only in India?

Hearth Ventures is headquartered in Mumbai and invests primarily in Indian consumer brands. However, several portfolio companies target the Indian diaspora in geographies including North America and Southeast Asia, where demand for culturally resonant Indian products is growing. The firm's geographic mandate is pan-India with diaspora-aware distribution, not exclusively domestic.

### How does Hearth Ventures support portfolio companies beyond capital?

Hearth's team includes operational expertise through partner Nirav Mehta, who brings consumer-operating experience to portfolio support. The firm assists with brand positioning, supply-chain partnerships, and distribution strategy — critical areas for early-stage consumer companies in India navigating fragmented logistics and retail channels. The depth of operating support has not been independently benchmarked against larger Indian venture platforms.

### Has Hearth Ventures disclosed its total assets under management?

Hearth Ventures has not publicly disclosed an aggregate AUM figure. Based on its investment cadence, check-size range, and portfolio concentration, Altss estimates the firm manages under $100 million in total committed capital. The firm's regulatory filings in India do not require public AUM disclosure at its scale.

## Related profiles

- [Heartfelt Capital Management](https://altss.com/profile/heartfelt-capital-management)
- [Heartland Equity Partners](https://altss.com/profile/heartland-equity-partners)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hearth-ventures

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