Pavestone VC

Pavestone VC is a Hyderabad-based venture capital firm that supports deeptech and enterprise-tech founders through its approach of "timeless investing" and smart capital. Utilizing its Pavestone Technology Fund, the firm combines financial resources with operational expertise to assist B2B innovators in scaling with discipline and resilience.

Who They Are:

Established in 2021, Pavestone VC is headed by managing partners V. Laxmikanth, Sridhar Rampalli, and Srikanth VJ Tanikella, who are experienced professionals in technology, venture capital, family offices, and global business.

The firm is based in Hyderabad and has a specialized team focused on early growth-stage technology companies.

Fund & Investment Focus:

The Pavestone Technology Fund, a SEBI-registered AIF, concluded its first fund at INR 816 crore (approximately USD 97M), surpassing its initial target of INR 600 crore.

The core mandate is to partner with early growth-stage B2B, sector-agnostic enterprise platforms and products that address critical challenges for large public and private enterprises, typically providing investments of USD 5–10M.

A dedicated 20% "frontier tech" allocation focuses on deep scientific and engineering innovations—such as spacetech, advanced AI, 5G infrastructure, and EV components—with early-stage investments of USD 1–2M.

Portfolio & Approach:

Pavestone seeks companies with demonstrated market traction, product–market fit, and anchor clients, rather than just promising prototypes.

Portfolio companies include E42.ai, Bellatrix Aerospace, LivNSense GreenOps Private Limited, NewSpace Research and Technologies, and CynLr—all exemplary enterprise and frontier deeptech firms from India.

The firm aims to support around 15 companies, reserving approximately 30% of the fund for follow-on investments, indicating a commitment to long-term partnerships.

Why Pavestone VC Matters:

Pavestone VC is creating a focused connection between India’s deeptech engineering talent and global enterprise demand, emphasizing governance, thorough analysis, and patient capital.

As B2B and frontier technologies emerge as India’s next major export, Pavestone is quietly establishing the "paving stones" for globally competitive, enterprise-grade tech leaders.