Aakrit Vaish’s Activate Closes Maiden VC Fund At $105 Mn To Back AI Startups

by · Inc42

SUMMARY

  • Activate has closed its debut fund at $105 Mn (₹1,000 Cr), comprising an $85 Mn early-stage fund and $20 Mn deployed through growth investment vehicles.
  • The fund positions Activate as India’s largest VC platform focused exclusively on AI, as AI-focused funding and dedicated investment vehicles gain traction in the Indian startup ecosystem.
  • Founded by Aakrit Vaish and Pratyush Choudhury, Activate has made 10 AI investments in nine months, including seven early-stage bets and three growth investments in Sarvam AI, ElevenLabs and Wispr Flow.