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Promaft Partners
Raghav Bahl and Soham Avlani's Promaft Partners is a Mumbai venture fund obsessed with product-market fit quality, launched via SEBI registration in 2024.
Promaft Partners
Empowering bold visions and fostering resilience in business. Our commitment to contrarian strategies and long-term, patient investment fuels innovative ideas that make a difference. With deep engagement and constant mentorship, we turn risks into opportunities for global impact.
General information
Firm type
Venture Capital Fund
Year founded
2024
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
1108, Dalamal Tower, Free Press Journal Marg, Nariman Point, Mumbai, 400021, Maharashtra, India
Principals
Raghav Bahl
Founding General Partner
Soham Avlani
Founding General Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Promaft Partners?
Founding General Partners Raghav Bahl and Soham Avlani lead all investment activities. They operate as the sole named decision-makers for Promaft Partners Fund I, combining their prior venture investing experience — their track record includes backing inFeedo, InVideo, and Disprz — to evaluate and support portfolio companies.
What is Promaft Partners' investment thesis?
Promaft Partners invests exclusively based on the quality of a startup's product-market fit, ignoring revenue scale and funding-series labels. The firm uses two proprietary frameworks — CURW (evaluating unit-economics trajectory) and CEND (mapping competitive moats) — to assess whether a venture has genuine competitive advantage before committing capital.
Does Promaft Partners invest only in India?
Promaft Partners is headquartered in Mumbai and registered with SEBI as an India-domiciled Category II Alternative Investment Fund. Its primary geographic focus is India, though the firm's mandate includes backing ventures with potential for global scale.
What investment stages does Promaft Partners target?
The firm targets early-stage startups — spanning seed and growth — and explicitly does not use series labels as a primary filter. Promaft prioritizes strong product-market fit over the speed of revenue growth, engaging with companies at the point where PMF can be assessed and strengthened.
Is Promaft Partners a single family office?
No. Promaft Partners is a venture capital asset manager structured as a SEBI-registered Category II Alternative Investment Fund. It is not a family office — it operates as a pooled investment vehicle managed by Promaft Partners Management Services LLP.
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