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Startup Oasis
Startup Oasis: Jaipur-based venture firm backed by IIM Ahmedabad's CIIE.CO and RIICO, investing seed-to-growth in Indian startups.
Startup Oasis
Startup Oasis operates as a generalist venture investor headquartered in Jaipur, India. Its formation involved two institutional anchors: CIIE.CO, the innovation hub at IIM Ahmedabad, and RIICO, the Rajasthan government's industrial development corporation. This public-academic partnership structure shapes the firm's posture — it is less a conventional return-maximizing fund and more a regional development vehicle with venture tools. The CIIE Regional Innovation Foundation provides a parallel philanthropic track for ecosystem-building activities. The firm targets early-stage companies across sectors, spanning seed, start-up, and growth phases. Startup Oasis does not publicly disclose a narrow sector mandate, positioning instead as a broad-based venture generalist. The presence of a dedicated Portfolio Manager, Tarun Agrawal, suggests a structured approach to portfolio construction and startup relationship management. While specific portfolio companies are not publicly documented in detail, the firm's institutional backing from IIM Ahmedabad's entrepreneurship center indicates a deal-flow pipeline built on academic networks, student founders, and Rajasthan's emerging startup clusters. Total assets under management are undisclosed, and the firm does not publish team size or deployment figures. Its physical footprint includes a dedicated co-working space at Building Number 40, Sudarshanpura in Jaipur, blending investment activity with operational infrastructure. The public record does not indicate additional offices or international expansion. The CIIE Regional Innovation Foundation provides a distinct vehicle for non-commercial entrepreneurship support, maintaining separation between grant-funded programs and for-profit venture activities. Startup Oasis's structural differentiator is its anchor-institution design: an IIM Ahmedabad partnership provides intellectual capital and founder access, while a state government agency offers policy alignment and regional reach. This hybrid structure — part academic incubator, part government development arm, part venture investor — is unusual among Indian early-stage firms. It functions more like an institutionalized platform for Rajasthan's startup ecosystem than a typical fund, with co-working space serving as both a revenue line and a sourcing channel.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Jaipur
Corporate office
Jaipur, Rajasthan, India
Principals
Chintan Bakshi
Chief Executive Officer
Tarun Agrawal
Portfolio Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Startup Oasis?
Chintan Bakshi serves as Chief Executive Officer, and Tarun Agrawal serves as Portfolio Manager, per public record. The firm's governance structure is not detailed beyond these roles. Given its co-founding relationship with IIM Ahmedabad's CIIE.CO and RIICO, institutional partners likely influence strategic direction alongside the core management team.
How is Startup Oasis related to IIM Ahmedabad and RIICO?
IIM Ahmedabad, through its CIIE.CO entrepreneurship center, and RIICO, Rajasthan's state industrial development agency, are co-founders and institutional partners of Startup Oasis. This partnership embeds the firm within both academic and state-level economic development frameworks. CIIE.CO additionally connects the firm to the broader IIM Ahmedabad innovation ecosystem.
Does Startup Oasis maintain philanthropic structures, and how are they separated?
Yes. The CIIE Regional Innovation Foundation operates as a parallel foundation vehicle, providing grant-funded entrepreneurship support separate from Startup Oasis's for-profit investment activities. This structure allows ecosystem-building programs to run alongside venture investing without commingling capital or mandates.
What investment stages does Startup Oasis target?
The firm covers early-stage, seed, start-up, and growth phases, per its stated strategy. It operates as a generalist venture investor without a publicly declared sector focus. This stage flexibility allows it to follow portfolio companies from initial check to later rounds.
How does the co-working space fit into Startup Oasis's investment model?
The firm operates a dedicated co-working space at Building Number 40, Sudarshanpura in Jaipur. Physical infrastructure provides direct exposure to early-stage founders, creating a sourcing channel embedded in day-to-day operations. It also generates ancillary revenue while positioning Startup Oasis as a visible hub within Jaipur's startup community.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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