Grayscale Ventures
About Grayscale Ventures
Grayscale Ventures is an early-stage venture capital firm based in Bangalore. YourStory's company profile dates the firm to 2023 and lists Ajay Aggarwal as founder, with fewer than 10 employees. PitchBook also dates the firm to 2023 and lists three professionals. YourStory describes the firm as a micro-fund run by product operators, and reports a first close of a $20M pre-seed fund focused on SaaS. The firm's LinkedIn page gives its assets under management as $40M.
The firm's LinkedIn page describes it as India's only developer infrastructure-focused VC firm. PitchBook describes its mandate as companies in infrastructure and artificial intelligence. PitchBook lists 34 investments, 24 portfolio companies and 10 exits. Two of the listed deals are Olvy AI, a seed round dated February 2023, and Pipeshub, dated June 2025. Pipeshub is classified as a software development application and was at beta stage at that date.
YourStory describes the firm as a pre-seed fund, and PitchBook records at least one seed round among its deals. The sources reviewed do not publish check sizes, so none are stated here.
- Olvy AI: seed round dated 27 February 2023, classified by PitchBook as business and productivity software.
- Pipeshub: classified by PitchBook as a software development application, at beta stage with a deal dated 17 June 2025. Round size not listed.
Investing activity
Grayscale Ventures is listed on AI Lounge as a venture capital investor based in Bangalore, India. The deals desk records Series A and later AI rounds and seeds over $10M, so smaller checks may not show here yet.
Deals
Frequently asked questions about Grayscale Ventures
When was Grayscale Ventures founded?
Grayscale Ventures was founded in 2023, according to both PitchBook and YourStory. The firm is based in Bangalore, India.
Who founded Grayscale Ventures?
YourStory's company profile lists Ajay Aggarwal as the founder. The sources reviewed do not list other partners.
How large is the Grayscale Ventures fund?
YourStory reports a first close of a $20M pre-seed fund focused on SaaS. The firm's LinkedIn page lists $40M in assets under management.
Which stages does Grayscale Ventures invest in?
YourStory describes the firm as a pre-seed fund, and PitchBook lists seed-round investments. Check sizes are not published in the sources reviewed.
Does Grayscale Ventures invest in AI startups?
Yes, according to PitchBook, which describes the firm's focus as infrastructure and artificial intelligence companies. Its LinkedIn page says it focuses on developer infrastructure.
Where is Grayscale Ventures based?
Grayscale Ventures is based in Bangalore, India.
How can founders reach Grayscale Ventures?
Founders on AI Lounge can see Grayscale Ventures'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 Grayscale Ventures to their Investor Pipeline to track the conversation.