PixelSky Capital, a secondary fund co-founded by investment bank IndigoEdge and entrepreneur Hitesh Ahuja, has officially launched its first investment vehicle. With a target corpus of Rs 400 crore, the fund will focus on backing late-stage technology and consumer companies on the cusp of significant growth. The announcement comes after Ahuja’s successful exit from his foodtech startup Yumlane, which was sold to Curefoods in 2023.
The fund, which has already made its debut investment in beauty retailer Purplle, is poised to close its second deal by June. PixelSky Capital aims to support up to eight companies with a projected path to going public within a 36- to 48-month timeframe. The firm’s investment strategy includes average cheque sizes between Rs 40 and 50 crore, signaling its commitment to fueling the growth of high-potential businesses.
PixelSky’s founders have committed Rs 10 to 15 crore of their own capital into the fund. Additionally, the firm is raising capital from domestic family offices and notable unicorn founders. The fund’s closing date is projected for March 2026, allowing ample time for it to build a diverse portfolio.
IndigoEdge, a leading investment bank, is expanding its role in the venture capital space. The firm has previously made proprietary investments and acted as a limited partner in several venture capital funds, contributing around Rs 25-30 crore to date. Through PixelSky, IndigoEdge seeks to diversify its offerings, providing both investment products and its traditional advisory services. The bank has already facilitated more than 150 transactions worth nearly $3 billion.
Ahuja, alongside Zerin Rahiman—IndigoEdge’s co-founder and a former senior executive at private equity firm New Silk Route—will lead the fund’s operations. PixelSky Capital plans to evaluate a wide range of companies across various tech and consumer sectors, ultimately selecting eight promising startups for investment. This strategic approach highlights their ambition to back the next generation of market leaders in the tech and consumer industries.
