Category 2ActiveEarly-to-Mid Stage AI

Bajaj Alts AI Opportunities

Bajaj Alternate Investment Management Limited logo

Bajaj Alternate Investment Management Limited

Fund profile

About the Fund

An India-focused AI investment strategy across applications, tools and related technologies, structured as a Category II fund. It invests at the early-to-mid stage, with a 10-year term and a five-to-seven-year investment horizon per deal. The fund looks across sectors such as BFSI, consumer, enterprise SaaS, healthcare and logistics / manufacturing.

Source: AIF Fund and Manager Profiles PDF.

Key metrics

Corpus

₹1,000 Cr

Minimum investment

₹5 Cr

Target gross IRR

25%

Hurdle rate

10.0%

Sponsor commitment

₹250 Cr

Tenure

10 yrs

Source-verified detail

Key Information

Fund manager

Girish Jhunjhunwala

Investment manager

Bajaj Alternate Investment Management Limited

SEBI category

Category 2

Strategy

Early-to-Mid Stage AI

Investment stage

Pre-Series A / Series A

Management fee

2%

Commitment period

4 years

Portfolio

~20 deals

Status

Active

Data as of

10 Jun 2026

Source: Bajaj Alternate Investment Management Limited, AI Opportunities – Discussion Materials · Data as of 10 June 2026.

Disclosed figures

India AI Market Deal Shares

India AI Market Deal Shares

India AI deal share · BFSI21%
India AI deal share · Consumer18%
India AI deal share · Enterprise SaaS16%
India AI deal share · Healthcare11%
India AI deal share · Logistics / Mfg.10%
AI stack · Applications75%
AI stack · Data & Tooling15%
AI stack · Models5%
AI stack · Infrastructure3%
AI stack · Chips2%
AI stack · Energy0%

Deal-share figures are India AI market estimates from the source deck, not portfolio allocation targets.

Bajaj Alternate Investment Management Limited

About the Fund Manager

Girish Jhunjhunwala

Girish Jhunjhunwala

Fund Manager, Bajaj Alternate Investment Management

With over 20 years of experience across investing, portfolio management, investment banking, and strategy, he brings expertise across the entire deal lifecycle, from origination and execution of complex transactions to identifying investment opportunities and driving value creation. He has held leadership roles at Bajaj Finserv, Bennett Coleman, Kotak Investment Banking, and PwC. He is a Chartered Accountant, holds the CFA designation from the CFA Institute, United States, and holds a Bachelor of Commerce degree from Mumbai University.

Experience
Over 20 years
Qualification
CA, CFA
Qualification
B.Com, Mumbai University

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Fact Sheet

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