Athera Venture Partners has kept the same partnership investing together across four funds, focusing only on Indian companies since it began backing Indian technology in 2008, when most global investors thought India wasn’t ready, including early bets on redBus and Policybazaar and support for founders through hard periods like the 2008 crisis, demonetisation, COVID, and the 2022 funding winter. The firm has backed 43 companies, achieved 10 profitable exits worth more than $14 billion in market value, and its fourth fund—backed by HDFC AMC—is focused on Indian companies in AI, deep tech, fintech, and enterprise software.