Theia Ventures Announces BII as Anchor Investor as it Confirms First Close of $30M Fund
Oct 08, 2025
Bangalore (Karnataka) [India], October 8: Theia Ventures, one of India's first specialist early-stage funds dedicated exclusively to energy transition, deep tech and decarbonization, today announced the first close of its maiden $30 million fund. Marking a significant milestone for the sector, the fund has already secured commitments exceeding 50% of its target corpus and has begun deploying capital. The anchor investor is British International Investment (BII), alongside a strong base of corporate venture arms, fund-of-funds, and family offices. Apart from BII, other global investors include Allocator One (Germany), Cisco Foundation (US), and Vitality Capital Partners (Australia). Domestic and global family offices backing the fund include Anand Mahindra, Meher Pudumjee (Thermax Group), JM Financial, Vimson: Shivanand Salgaocar Group, Pramit Jhaveri (former CEO of Citibank India).
