Seafund

Co-founders Mayuresh Raut and Manoj Kumar Agarwal lead the investment committee as managing partners. General Partner Narendra Bhandari and Principal Agam Gupta complete the four-person deal team. Raut’s background spans data science and technology leadership at GE and IBM; Agarwal’s experience includes finance and technology roles at Karuturi and Pursuit. Both hold INSEAD MBAs.

Seafund sources through its thematic accelerator programs — a mobility initiative with Sanchiconnect, a dual-use defense partnership with India’s iDEX-DIO, and a dedicated track for Kerala-based startups — and through the partners’ deep operator networks built over two decades in Indian and global technology companies. The firm also invites founders to apply via its website.

Seafund writes the first institutional check at pre-seed, seed, and pre-Series A stages, then reserves capital for follow-on rounds. The website explicitly states “We invest early. We follow on,” and founder testimonials describe the firm staying active from seed to Series A and beyond for portfolio companies.

Seafund’s published materials and portfolio emphasize deep-tech and deep-science domains — semiconductors, AI, space, robotics, cybersecurity, and climate. The firm does not flag consumer internet, quick commerce, or content platforms as core areas, and no such companies appear in its disclosed portfolio, suggesting a deliberate exclusion of asset-light consumer models in favor of IP-heavy B2B technology.

The firm structures proprietary accelerator programs with government-aligned partners like iDEX-DIO and Sanchiconnect, which suggests it can syndicate or co-invest alongside strategic and institutional partners. Narendra Bhandari’s prior role at Intel Capital also indicates an existing network for co-investment, though the firm has not published a formal co-investment policy.