Name of AIF
Refex Capital Trust
Category of AIF(s)
Category I- Venture Capital Fund
SEBI Registration No(s)
IN/AIF1/19-20/0685
Name of Fund Manager
Refex Capital Advisors LLP
Our foundation is based upon our belief that India is capable of building a next tech giant in the coming years. This belief has made us to set up Refex Capital Fund to look for trailblazing founders who are using technology to develop new product or services, and, thereby, challenging the status quo or developing a new market altogether.
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2002
Our Journey Starts-Pioneers of canned referigerant gases-Refex Industries founded.
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2007
Made our way to getting listed-Official listing of the Refex Industries
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2008
Our step towards a sustainable future-Inception of the Refex Energy
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2016
Initiation of investments in start ups-Setting up of AJ Ventures and Investments- Family Office of Mr.Anil Jain
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2018
Making solar a way of life-Acquisition of Sun Edison India's Assets
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2019
AJ Ventures & Investments evolved into SEBI Registered Cat 1 AIF-Refex Capital Fund
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2020
Our step towards engaging with start-ups at ideation stage-AJ Incubation Forum Founded
Our Story
Our journey began in the year 2002 , when our dynamic founder Mr. Anil Jain explored the refrigerant gases sector and identified an opportunity for innovation by developing canned refrigerant gases which caused a disruption in the industry hence resulting in revolutionising the sector. From then on the Refex Group has successfully navigated across industry verticals like coal ash handling, solar energy.
Our vision to support innovative ideas for technological progress has resulted in the founding of the Refex Capital Fund. The Refex Capital Fund has invested in versatile start-ups in sectors like AI, Healthtech, Cleantech, Consumer, etc.
In view to be of further support to the start-ups at the ground level, the AJ Incubation Forum- a Technology Business Incubator with focus on healthcare was initiated in the month of February 2020.
Sector Focus
As venture capitalists we invest in early stage start ups and are sector agnostic. Our investment portfolio traverses across the sectors like, We are sector agnostic and our investment portfolio traverses across sectors like,
Health Tech
Consumer
Clean Tech
Enterprise Tech
Fin Tech
Deep Tech
and many more.
Our Approach
Investment Strategy
We seek to be a catalyst of your entrepreneurial journey starting from market validation, team building, business model refinement, operations, follow-on funding, customer & partner acquisition, etc. Our emphasis is on a committed team with further scalable, disruptive ideas.
We invest in early-stage (Angel, Pre-Seed, Seed, Pre-Series A) companies who have successfully completed the proof of concept and our investment ranges upto $500K initially.
Our foundation is based upon our belief that India is capable of building a next tech giant in the coming years. This belief has made us to look for trailblazing founders who are using technology to develop new product or services, and, thereby, challenging the status quo or developing a new market altogether.
We adopt sector agnostic approach and focus on startups serving consumer and enterprise customers.
When to approach us?
We like to know your story early on, ideally well before you are ready to raise the capital. However, we invest in early-stages between pre-seed to series A when you have established product market fit and have acquired initial paying customers.
What we look for?
Our mandate is to invest in Indian companies building products/services for the Indian market and have a potential to scale globally. We like businesses that are differentiating themselves with a defensible moat over the long term and have clear visibility on breakeven. We look for the following elements in a start-up:
- Attractiveness of opportunity & addressable market
- Founding team with passion, perseverance, relevant experience, and deep insight into the market.
- Use of technology to create an economic moat.
How much do we invest? Are we open to co-invest with other investors?
We can invest up to $ 1mn in each start-up but our sweet spot is $500 K. We support our portfolio companies in follow on investment rounds as well. We invest on our own but also co-invest with other investors.
Other than capital, what do we offer?
Apart from the capital, we provide strategic and operational support to our portfolio companies. We help them in idea and market validation, customer or partner acquisition, and business model refinement.
Decision Making Process
Applicants can submit their business plan, team details online and the screened teams would undergo further selection process with the final decision being made by the management