Dharana Capital
Dharana Capital is an India-focused venture growth firm that supports technology and consumer businesses. Founded in 2022 as an offshoot of Vy Capital, it is led by Vamsi Duvvuri, the founder and managing partner. The firm operates with a long-term vision, partnering with a select number of businesses to enhance governance, improve unit economics, and prepare for future public listings. With offices in Bengaluru and Dubai, Dharana Capital has raised significant funds, including a $250 million growth fund that closed in early 2026, bringing its total assets under management to approximately $4
Investing activity
Dharana Capital appears in 1 AI deal tracked by the AI Lounge deals desk, rounds totalling $10M, and led 1 of them. The rounds are mostly Series A, with a median round size of $10M. The most recent is Clueso (Series A, $10M, Oct 2026).
Dharana Capital most often invests alongside Neotribe Ventures, Founders Future, Y Combinator and f7 Ventures, and the companies it backs on AI Lounge are mostly in AI video agents.
Deals
Frequently asked questions about Dharana Capital
What AI companies has Dharana Capital invested in?
Dharana Capital's AI investments include Clueso. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
What stage does Dharana Capital invest at?
In the rounds tracked on AI Lounge, Dharana Capital has invested at Series A, with a median round of $10M. Dharana Capital led 1 of those rounds.
Who does Dharana Capital co-invest with?
Dharana Capital's most frequent co-investors on AI Lounge are Neotribe Ventures (1 deal), Founders Future (1 deal), Y Combinator (1 deal) and f7 Ventures (1 deal).
How can founders reach Dharana Capital?
Founders on AI Lounge can see Dharana Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Dharana Capital to their Investor Pipeline to track the conversation.