Aakrit Vaish's Activate closes maiden VC fund at $105 Mn for AI startups

Indian venture fund Activate, founded by former Haptik head Aakrit Vaish, closed its debut fund at $105 million (₹1,000 crore): $85 million for early stage and $20 million for growth. In nine months, the fund made 10 investments, including Sarvam AI, ElevenLabs, and Wispr Flow.

• Flagship fund closed at 125% above its initial target
• Early-stage checks range from $500K to $3M
• Targets 25–30 AI startups: applications, models, infrastructure
• LPs include Vinod Khosla, General Catalyst, and Vijay Shekhar Sharma