Shastra VC

Early Stage Venture Capital fund in India

[Sparsh Agarwal @sparshselim]

https://t.co/JPCJdH6blg

[Sparsh Agarwal @sparshselim]

The Age of AI demands planetary-scale Carbon Dioxide removal.

@AltCarbonIndia is using volcanic rock dust to geochemically pull carbon out of the atmosphere — and we just proved it works at scale. The world's largest issuance of carbon credits through Enhanced Rock Weathering.

~10,000 tonnes of CO₂ removed. Enough to offset a small AI data centre.

India has a history of scientific breakthroughs that stun the world — across medicine, space exploration, energy, & financial inclusion.🇮🇳

Climate Change is the most significant existential threat to our species. It demands Himalayan Ambitions.

We're moving mountains to make that happen. Literally.

[Nikhil Mishra @nikhil__mishra]

Today we're announcing that Flexprice has raised $1.5M in Seed funding led by @ShastraVC , with participation from @tdv_partners and Anupam Mittal! 🎉

When Manish, Koshima and I started going down this rabbit hole, the engineering problem was clear pretty fast. Billing systems weren't just rigid from a product standpoint, they were architecturally wrong for what AI companies actually needed.

They were built to handle a few thousand subscription events a month. We needed something that could ingest millions in real time, without dropping anything, without batching into some delayed reconciliation job that would break at scale.

So we did make a few architectural bets early and those bets paid off!

20 Billion+ Events a month - up 20x over the past year with sub-second latency, and the architecture hasn't buckled.

We've also seen our revenue grow 6x last quarter with some of the top enterprise AI companies billing with us now. The system holds and the business reflects it.

We also went fully open source and self-hostable early, and that's the decision I'm most proud of. It meant building something good enough that people would actually run it themselves. No hiding behind a black box.

To our early customers who put real production workloads on something we were still shaping: that trust is not something we take lightly.

And, to our team that ensured features shipped, that wrote the code all of this stands on, that stayed up late to do something which was of value, every one of those efforts shows up in these numbers we are proud of today 💙

Billing was always just the start. This round means we get to build the rest of the revenue stack.

We're just getting started! 🚀

[Shastra VC @ShastraVC]

Read more at: https://t.co/yo8YdUDlRV

[Shastra VC @ShastraVC]

We’re excited to announce our investment in AGNIT Semiconductors, leading their $2.6M seed round alongside continued participation from 3one4 Capital and Zephyr Peacock India.

[Shastra VC @ShastraVC]

We’re proud to partner with Hareesh Chandrasekar, Digbijoy Neelim Nath, Srinivasan Raghavan, Madhusudan Atre, Prof. Mayank Shrivastava ,and Shankar Kumar Selvaraja, and the entire AGNIT team as they scale this capability and position India as a player in next-gen semiconductors.

[Shastra VC @ShastraVC]

RT @curioushrey: We just issued our first Carbon Credits from the Darjeeling Revival Project.

Five years ago, @SparshAgarwall & I decided…

[Shrey Agarwal @alteredshrey]

In 2020, we returned to our family’s heritage tea estate in Darjeeling with the intention of selling it.

Our family had been custodians of Darjeeling’s estates for three generations. However, facing bankruptcy and collapse, due to climate change and the pandemic, our family was simply unable to hold on to it. But, @SparshAgarwall and I were inspired by the forests, the people, and the promise of Darjeeling. Our journey led us back to our roots.

We spent the next few years trying to reimagine the space of the tea estate. We started with moving to Selim Hill Tea Estate in Darjeeling, & eventually carbon markets emerged as the most promising path for creating supplementary incomes for these large, heritage tea estates, and its local communities. After months of deep research; across labs, farms, and policies — we formally launched @AltCarbonIndia in Q4 2023.

Alt Carbon is a deep-tech, science and data company for undertaking climate action. We bring together farmers, scientists, and engineers to remove CO₂.

With Speed. At Scale.

We are glad to announce our latest $12 million seed round - led by @lachygroom, with participation from existing funds like Shastra VC and angel investors including @jasonzhao, Amrendra Singh, @thetanmay , @arjunssoin, @NakuulMehta, @arjun_ramani3, @AdvaithV, @ultasawaal and more…

Shoutout to Alankrita, Sruthi and the @actgrants team for enabling us with catalytic philanthropic capital.

Here’s what’s next:

1. We will build the agricultural infrastructure for Climate Action — to bring down costs & enable Carbon Dioxide Removal (CDR) across South Asia. Our mission: Remove 5 million tons of CO₂ by 2030.

2. Scientifically prove the scalability of ERW through the Darjeeling Revival Project. Scale our learning. Design more projects. Chart a path to gigaton removal by 2040.

3. Improve our science, conduct advanced R&D, collect high quality data, create Machine Learning models that accelerate our operations across the board.

4. Build credibility and demand for ERW from the Global South, for the world.

5. Sipping on the world’s greatest tea while doing this. (DM me about Chandni xD)

We started Alt Carbon because of a romantic love affair with Darjeeling.

To those who saw what we saw — thank you for fueling this journey and believing in us early: @awaisahmedna, @EvanMula, @acv , @vsiv, @SinglaAnirudh @somani_utsav, Ravish Ratnam, Sangarsh Nigam, Mukesh Chamedia, Ashish Nayak, Jivesh Madan, Rahul Sunder, @Mandybuoy, @vidyamadhavan2, Abhimanyu, Ajeet, Tsuji-san, Sawamura-san, Yamazumi-san, Kawaguchi-san, Murao-san, Hirose-san and so many more...

We’re hiring across all teams. Come build the future of climate action with us.

[Sparsh Agarwal @sparshselim]

Announcing the Advisory Board for Alt @FuturesSummit 2025.

Our theme— Making South Asia, a hub for Carbon Dioxide Removal (CDR)

Register now—https://t.co/aG1Rxq2RQm

[CNBC-TV18 @CNBCTV18News]

#KhiladiPro raised $1 million last month, followed by ₹10 crore in fresh funding, backed by @ShastraVC and MGA Ventures. With a goal of reaching 2 lakh assessments by 2025, the startup is aligning with Khelo India & the 2036 Olympic vision.

@Arundathi_Ram

[Shastra VC @ShastraVC]

We’re proud to back Arun B Papaiah, Aditya Kulkarni , Srinivasan Namala, and the stellar team as they bring the next wave of biotech innovation out of India to the world. (7/n)

Read more at: https://t.co/jNYdzxwfWk

[Shastra VC @ShastraVC]

We’re proud to announce that @ShastraVC led Avammune Therapeutics ' $12M Series A round alongside @Capital2B and Kotak Alternate Asset Managers Limited. (1/n)

[Shastra VC @ShastraVC]

With early validation and a platform approach, we believe Avammune is building something truly disruptive in immuno-oncology. (6/n)