Aagama Ventures floats Rs 400 crore fund to back fintech startups
08 Oct 2025, 02:40 PMThe Mumbai-based fund will use the fresh capital to invest in 15-20 startups over the coming years, with half the corpus reserved for follow-on rounds.
Team Head&Tale
Share the story on
Aagama Ventures has launched a Rs 400 crore early-stage fund to back fintech startups from India.
The funding round saw participation from a clutch of individual investors, including Rajat Monga (ex-YES Bank), Ashish Singhal (CEO, IBDIC), Bhavesh Gupta (ex-Paytm), Abhijit Singh (HDFC), Pratap Singh (ex-ICICI UK), Nilesh Gokral (Motilal Oswal), and Vivek Belgavi (PwC), Naveen Kukreja (ex-CEO PaisBazaar), Aditya Tulsiyan (Founder, AxiTrust), Chiranth Patil (co-founder, Riskcovry), Mayank Goyal (Founder, MoneyHop), Asif CH (CTO, Riskcovry), and Vivek Padi (Principal Engineer, Qualcomm).
The fund will invest in 15-20 startups over the coming years, with half the corpus reserved for follow-on rounds.
The fund plans to deploy capital across payments, lending, wealth and insurtech; infrastructure and deep tech including AI, data engineering, cybersecurity and core banking platforms; and embedded finance focusing on sector-specific platforms in agriculture, healthcare and energy that integrate financial services.
Aagama Ventures represents the evolution of a community-driven fintech ecosystem that began seven years ago with grassroots initiatives like the "Fintech Yatra," which brought together over 3,000 fintech founders and 700+ venture investors.
The fund is led by Abhishant Pant, known as the "Cashless Man of India" and founder of The Fintech Meetup, India's largest fintech ecosystem platform. Pant brings over 15 years of experience from leadership roles at M-Pesa and Visa. Shubhanga Prasad, based in London, previously served as Interim COO at UK fintech unicorn OakNorth and was with YES Bank, while also partnering at BetaPlus, an angel investment office with over 45 investments and 10+ exits. Pankaj Singh, based in Delhi, is a Partner at YAN Fund with a decade of experience in corporate and commercial banking at Bank of America Merrill Lynch and ICICI Bank.
"We started this journey seven years ago with the idea that as the market and venture funding grow, we will always have a ready pool of founders, investors, and institutions to catalyze India's fintech story," said Abhishant Pant.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
