Auxano Capital, a prominent early-stage venture capital firm, has announced the launch of its second fund aimed at raising approximately $100 million. \
Founded by Brijesh Damodaran Nair and Ashish Padiyar in 2016, Auxano Capital currently manages a $25 million fund that has been strategically invested in various early-stage startups.
Nair highlighted the firm’s strategic shift to capitalize on the expected surge in IPOs within India’s startup ecosystem over the next 18 months. Nair emphasized the competitive nature of the current investment landscape, where swift decision-making is crucial to securing promising opportunities.
Nair pointed out the evolving economic dynamics in India, including rising consumption patterns, infrastructure expansion, the growth of online communities, and the burgeoning entrepreneurial activity in Tier II and III cities.
Nair noted, “The current funding environment, characterized by a slowdown, underscores the importance of governance and sustainable growth as top priorities for startups and venture capitalists alike.” This ethos aligns with Auxano Capital’s commitment to responsible investment practices.
With a diverse portfolio that includes companies like MProfit, Polymates, Superpro.ai, and Expertrons, Auxano Capital has achieved notable exits, including full divestment from MilkBasket and partial divestment from Wiom. Having invested in 28 startups to date, the firm has demonstrated a strong capability in identifying and nurturing promising ventures.