Deep Dive into Silicon Road Ventures’ New AI-Focused Fund
Silicon Road Ventures (SRV), the early-stage investment firm founded by Sid Mukherjee, has announced a new partnership with Ajay Mahajan to launch a Rs 150 crore Alternative Investment Fund (AIF). The fund has already secured Category-II registration from the Securities and Exchange Board of India (Sebi).
Strategic Investment Focus
The fund is explicitly targeted at early-stage startups that are building agentic AI solutions. Unlike traditional AI applications, the fund aims to back companies that create autonomous, decision-making AI agents specifically for the B2B commerce technology sector. Target verticals include:
- Multi-channel commerce
- Supply chain and logistics optimization
- Fintech and payment innovation
- Consumer insights and analytics
- Retail operations automation
Background and Market Context
Founded in 2019, Silicon Road Ventures has built a reputation for its deep-tech approach to commerce technology, boasting a portfolio of over 46 companies. Founder Sid Mukherjee brings significant industry experience, having previously built and successfully exited Software Paradigms International (SPI) to Cognizant in 2018.
Takeaways for Founders
The launch of a dedicated Rs 150 crore corpus signals that institutional capital is moving beyond general AI hype and shifting focus toward verticalized, agentic AI—solutions that don’t just generate text but execute complex B2B workflows. Founders operating in the B2B SaaS and supply-chain tech sectors should position their platforms as autonomous agents to align with this emerging investor mandate.